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UCO Bank delivered a solid quarterly performance with Q2 standalone net profit reaching ₹790 crore compared to ₹620 crore in the year-ago quarter. Total
UCO Bank sees a remarkable 27% increase in net profit, reaching Rs 786 crore for Q2 ended September 30. The bank also reports improved asset quality and a rise in total income to Rs 8,170 crore.
Standalone net profit rose 31.3% YoY to ₹1,382.94 lakh in Q2FY27. Consolidated export revenue surged 355% YoY to ₹63.86 crore. Adjusted EBITDA margin expanded to 11.13% from 6.98% YoY on consolidated basis. Incorporated wholly owned subsidiary MWL Europe BV in Belgium to expand European presence.