UCO Bank Q2 FY27 Results: Profit up 26.8%, NPAs ease

Board meeting outcome: unaudited Q2 and H1 FY27 results approved

UCO Bank informed the BSE that its Board of Directors met on October 15, 2026 to consider and approve the unaudited (reviewed) financial results for the quarter and half year ended September 30, 2026. The disclosure was positioned as the board meeting outcome for approval of the results for the period ended 30.09.2026. Alongside the formal approval, the update brought into focus the bank’s operating performance for the September quarter, including profitability, net interest income, and asset quality movement.

The same set of updates also referenced earlier governance and disclosure milestones, including the board’s approval of unaudited financial results for the quarter ended June 30, 2026 (with limited review). The bank also had a scheduled earnings call for Q1 FY27 on July 23, 2026 at 3:30 PM.

Trading window closure and compliance context

UCO Bank stated that, in line with its Policy for Prevention of Insider Trading and SEBI regulations, the trading window for directors, designated persons, and insiders was closed from October 1, 2026. The closure was set to remain in place until 48 hours after the disclosure of the financial results for the quarter and half year ended September 30, 2026.

This is a standard process around results announcements for listed entities, aimed at limiting trading while unpublished price sensitive information is presumed to exist. The bank’s BSE communication explicitly tied the window closure period to the Q2 and H1 FY27 results cycle.

Q2 FY27 profit rises 26.8% year-on-year

For the quarter ended September 2026, UCO Bank reported a 26.8% year-on-year increase in standalone net profit to ₹786 crore, compared with ₹620 crore in the corresponding quarter last year. A separate performance summary in the provided text also referenced Q2 standalone net profit at ₹790 crore versus ₹620 crore a year ago, while the detailed results figure cited ₹786 crore.

Beyond the bottom line, the bank reported stronger core income. Net interest income (interest earned minus interest expended) rose 14% to ₹2,886 crore from ₹2,533 crore a year earlier. Operating profit also increased, rising 16.1% to ₹1,872 crore from ₹1,613 crore.

Revenue and operating performance: key reported numbers

The article text also cited a rise in total quarterly revenue to ₹7,300 crore in Q2, compared with ₹6,537 crore year-on-year. This revenue figure was presented as a headline operational marker for the quarter alongside profitability and asset quality.

While the dataset includes several performance snapshots from different dates and formats, the recurring theme across them is that the September quarter combined profit growth with higher net interest income and improvement in asset quality ratios.

Asset quality improves: gross NPA at 1.96%, net NPA at 0.18%

UCO Bank reported further improvement in asset quality during the September quarter. Gross non-performing assets (NPA) fell to 1.96% of gross advances, compared with 2.08% in the June quarter and 2.56% a year ago.

Net NPAs declined to 0.18%, from 0.25% sequentially and 0.43% a year earlier. The improvement in both gross and net NPA ratios was highlighted as part of the quarter’s operating update.

Balance sheet growth: advances and deposits expand

On the balance sheet, UCO Bank reported advances growth of 25.2% year-on-year to ₹283,000 crore (₹2.83 lakh crore). Deposits rose 14.4% to ₹350,000 crore (₹3.50 lakh crore).

A separate results brief in the supplied text cited advances at ₹288,000 crore (₹2.88 lakh crore) with 24.68% year-on-year growth, and deposits at ₹349,000 crore (₹3.49 lakh crore) with 14.05% year-on-year growth. That same brief also reported total business at ₹637,000 crore (₹6.37 lakh crore), up 18.84% year-on-year, and a credit-deposit ratio of 82.37% versus 75.47% a year ago.

H1 FY27: net profit up 17.5% to ₹1,442 crore

For the half year ended September, the bank reported net profit of ₹1,442 crore, up 17.5% from ₹1,227 crore in the comparable period. This H1 figure provides context on how the first two quarters of FY27 have shaped up in aggregate.

Given the different quarterly narratives in the text, the half-year number is a key anchor for investors tracking the bank’s trajectory beyond a single quarter.

What Q1 FY27 showed: DTA charge impacted reported profit

The provided material also included Q1 FY27 context: UCO Bank reported net profit of ₹656 crore for the quarter ended June 30, 2026, an 8.05% year-on-year increase from ₹607 crore. Another note in the text described Q1 FY27 net profit as down 8% year-on-year due to a one-time Deferred Tax Asset (DTA) charge of ₹1,237 crore, highlighting that reported profit was affected by this tax-related item.

For Q1 FY27, operating profit was cited at ₹2,810 crore, up 79.8% year-on-year. Additional metrics mentioned in the Q1 call summary included NIM of 3.05%, Provision Coverage Ratio of 97.85%, credit cost of 0.39%, slippage ratio of 0.63%, and CASA ratio of 36.94%.

Key numbers at a glance

Market impact: what these disclosures signal for investors

The immediate market relevance of the October 15 board outcome is that the bank has formally taken on record its unaudited (reviewed) Q2 and H1 FY27 numbers. From an operating standpoint, the September quarter data points to a combination of higher profitability and improving asset quality, backed by stronger net interest income.

Balance sheet growth is also evident through the reported year-on-year rise in advances and deposits, with the text carrying two closely placed advance and deposit snapshots (₹283,000 crore versus ₹288,000 crore advances; ₹350,000 crore versus ₹349,000 crore deposits) tied to Q2-related reporting. The credit-deposit ratio expansion to 82.37% from 75.47% a year ago, as cited in one of the updates, adds another lens to evaluate credit growth relative to deposit mobilisation.

Analysis: why the Q2 and H1 FY27 outcome matters

For banks, the combination of profit growth, NII expansion, and falling gross and net NPA ratios is a core performance checklist, and the supplied data points show improvement across each of these markers in Q2. The half-year profit increase to ₹1,442 crore offers an additional confirmation that the operating momentum is not limited to a single quarter.

The Q1 FY27 context in the text also matters because it highlights how one-time accounting or tax items, such as the cited DTA charge of ₹1,237 crore, can affect reported profitability even when operating profit is strong. For readers tracking quarterly performance, the set of disclosures together helps separate core operating movement (NII, operating profit, asset quality) from one-off items discussed in earlier quarter commentary.

Conclusion

UCO Bank’s October 15, 2026 board meeting outcome confirms approval of unaudited (reviewed) financial results for the quarter and half year ended September 30, 2026. The reported September quarter performance includes standalone net profit of ₹786 crore, NII of ₹2,886 crore, and improved asset quality with gross NPA at 1.96% and net NPA at 0.18%. The trading window framework outlined in the BSE communication remains a key compliance marker around the results cycle, with the window closed from October 1, 2026 until 48 hours after results disclosure.