Union Bank Q4 FY26 Results Preview: Key Numbers 2026

What investors are watching ahead of Q4 FY26

Union Bank of India (NSE: UNIONBANK) is preparing to announce its Q4 FY26 financial results for the period ended March 31, 2026. The bank has indicated that the board of directors is scheduled to meet in May 2026 (expected) to approve audited statements and consider a final dividend recommendation. With the stock around ₹115, compared with a 52-week high of ₹165, the result event has drawn attention from investors tracking public sector banks. The article also flags a one-year return of -20%, highlighting recent underperformance versus earlier peaks. Analysts are focusing on revenue, profit after tax and net interest margin trends, particularly whether profitability is supported by recurring operations rather than one-off items.

Board meeting and dividend decision in focus

The upcoming board meeting is expected to cover two key items: approval of the audited financial statements and a potential final dividend. Market expectations cited in the text point to a final dividend of ₹3-4 per share. Separately, FY25 already saw a dividend proposed at ₹4.75 per share, subject to shareholder and statutory approvals. For investors, dividend quantum matters because it frames the bank’s stance on cash generation and capital allocation. The May 2026 meeting is therefore being tracked not just for earnings, but also for the messaging embedded in the dividend decision.

Street estimates: revenue, PAT and NIM ranges

Analyst estimates in the provided text place Q4 FY26 revenue at ₹30,500-32,000 crore, versus ₹29,390 crore cited for Q3. Profit after tax (PAT) expectations are ₹4,900-5,300 crore. Margin projections are also central, with net interest margin (NIM) expected at 3.00-3.15%. The narrative notes that investors will assess whether the PAT is driven by operational improvement or non-recurring items, as a clean earnings print tends to be more positively received by institutions.

Recent performance snapshot: Q3 FY26 and Q3 FY25 comparison

Union Bank reported a 2.13% year-on-year rise in consolidated total income to ₹32,001.92 crore in Q3 FY26, from ₹31,334.80 crore in Q3 FY25. Net profit for Q3 FY26 was stated at ₹5,072.69 crore, up 9.7% from ₹4,623.03 crore a year earlier. Elsewhere in the same source text, Q3 FY26 revenue is cited at ₹29,390 crore with PAT at ₹4,721 crore and NIM at 3.06%. These figures are presented as reported in the material and underscore why investors tend to cross-check headline income, core banking income and consolidated disclosures when comparing quarters.

Quarterly trend in provisions and profitability (Dec 2024 to Dec 2025)

The quarterly table provided shows a steep fall in total provisions by Dec 2025, alongside improving profit before tax and net profit in that quarter. Total provisions declined to ₹322.23 crore in Dec 2025 from ₹1,396.73 crore in Sep 2025 and ₹1,599.05 crore in Dec 2024. Profit before tax increased to ₹6,619.37 crore in Dec 2025 from ₹5,417.22 crore in Sep 2025. Net profit rose to ₹5,016.77 crore in Dec 2025 from ₹4,249.08 crore in Sep 2025. The tax line also increased to ₹1,602.6 crore in Dec 2025 from ₹1,168.14 crore in Sep 2025.

FY25 full-year results: revenue, profit and balance-sheet indicators

For FY25, Union Bank reported total income of ₹1,29,978 crore, up 10% from ₹1,18,188 crore in FY24. Net profit rose 31.3% to ₹18,027 crore from ₹13,710 crore. Operating profit increased to ₹31,202 crore from ₹28,319 crore. Provisions and contingencies stood at ₹7,778 crore, up from ₹6,810 crore. The bank reported capital adequacy ratio (CRAR) at 18.02% versus 16.94% a year earlier, while gross NPA ratio fell to 4.76% from 5.10% and net NPA to 0.63% from 1.03%.

Segment performance for FY25

The FY25 segment split in the text highlights the distribution of revenue and profit before tax across major business lines. Treasury operations revenue was ₹32,849 crore with profit before tax of ₹5,832 crore. Retail banking revenue was ₹45,092 crore with profit before tax of ₹8,753 crore. Corporate or wholesale banking revenue was ₹46,021 crore with profit before tax of ₹6,437 crore. Other banking operations revenue was ₹2,464 crore with profit before tax of ₹1,343 crore. For investors, these segment numbers help map where earnings resilience is coming from, especially when core margins are under scrutiny.

Q4 FY25 quarter: profit jump, asset quality and provisions

Union Bank’s Q4 FY25 results (quarter ended March 31, 2025) included a reported net profit of about ₹4,985 crore, up around 50-51% year-on-year. Total income for Q4 FY25 was stated at ₹33,254 crore, up from ₹31,058 crore in the corresponding period. Net interest income was ₹9,514 crore, while other income or non-interest income was reported around ₹5,509-5,559 crore across the excerpts. On asset quality, gross NPA was reported at 3.6% versus 3.85% in the preceding quarter, and net NPA at 0.82% (noted as higher than 0.63% in Q3 FY25). Provisions were referenced at ₹2,715 crore, while provisions for NPAs were noted at ₹1,675 crore versus ₹1,477 crore in the December quarter.

Market context: stock levels and analyst target range

The stock price around ₹115 is contrasted with the 52-week high of ₹165 in the text, along with a one-year return of -20%. Analyst targets cited range from ₹128 to ₹135. These numbers frame the Q4 FY26 print as a near-term catalyst, particularly because the estimates cluster in a fairly narrow band for revenue and PAT. The next layer of scrutiny, as flagged, is FY27 guidance, which the text describes as the most critical post-results catalyst.

Why the quality of earnings matters this quarter

The expectations section repeatedly highlights the distinction between operational improvement and non-recurring drivers of profits. For banks, the sustainability of earnings often comes down to the balance between core income, margins and credit costs. The quarterly provision numbers shown for Dec 2025 indicate how quickly reported profitability can change when provisioning swings. With Q4 FY26 estimates implying PAT close to ₹5,000 crore and NIM projected above 3% by some analysts, investors are likely to compare these outcomes against recent margin prints and provisioning behaviour. Any dividend decision alongside results will also be read as a signal of management comfort with cash flows.

Conclusion

Union Bank of India’s Q4 FY26 results, expected to be considered in a May 2026 board meeting, are set to be a key checkpoint on revenue momentum, PAT durability and margin trajectory. Estimates cited point to revenue of ₹30,500-32,000 crore, PAT of ₹4,900-5,300 crore and NIM of 3.00-3.15%, alongside an expected final dividend of ₹3-4 per share. After the results, investor focus is likely to shift quickly to the bank’s FY27 guidance and any updates that clarify the drivers behind profitability and provisioning.