Union Bank of India shines on reporting 28% rise in Q3 consolidated net profit
Union Bank of India is currently trading at Rs. 111.50, up by 5.85 points or 5.54% from its previous closing of Rs. 105.65 on the BSE.
The scrip opened at Rs. 109.40 and has touched a high and low of Rs. 113.00 and Rs. 107.95 respectively. So far 2028754 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 172.45 on 03-Jun-2024 and a 52 week low of Rs. 100.75 on 13-Jan-2025.
Last one week high and low of the scrip stood at Rs. 113.00 and Rs. 104.45 respectively. The current market cap of the company is Rs. 85114.70 crore.
The promoters holding in the company stood at 74.76%, while Institutions and Non-Institutions held 18.40% and 6.85% respectively.
Union Bank of India has reported 28.24% rise in its net profit at Rs 4603.63 crore for Q3FY25 as compared to Rs 3589.91 crore for the same quarter in the previous year. Total income of the bank increased by 7.68% at Rs 31374.50 crore for Q3FY25 as compared to Rs 29137.26 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 27.52% rise in its net profit at Rs 4623.03 crore for the quarter ended December 31, 2024, as compared to Rs 3625.39 crore for the same quarter in the previous year. Total income of the bank increased by 6.53% at Rs 31749.18 crore for Q3FY25 as compared to Rs 29801.98 crore for the corresponding quarter previous year.
