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Earnings Call Transcript

UCO Bank Earnings Call Transcript: Key Takeaways

UCO Bank Q1 FY27 results show robust credit growth of 21.18% and Operating Profit growth of 79.8%, supported by recovery from technical write-offs and RAM sector expansion.

Highlights
MarginsNIM reached 3.05%; guidance remains conservative at 2.8-2.9%.
Order bookAdvances reached Rs 2,72,768 Cr; Deposits reached Rs 3,32,315 Cr.
Demand visibilityStrong credit pipeline of Rs 15,000 Cr for disbursement.
Management confidenceHigh; citing strong pipeline and diversified RAM sector growth.

Growth

Global advances grew 21.18% YoY; Net Profit rose 8% to Rs 656 Cr, impacted by one-time DTA charge.

Outlook

Guidance maintained: Credit growth 12-14%, NIM 2.8-2.9%, ROA targeting near 1% by FY27 end.

Risks

Normalization of recovery from written-off accounts may increase cost-to-income ratio; potential competition from private banks and NBFCs.

Last quarter's promises, checked

Delivered

  • Credit growth 12-14% → delivered 19.44% (= BEAT)
  • NIM Global 2.8-2.9% → delivered 3.03% (= BEAT)
  • Gross NPA < 2.5% → delivered 2.17% (= BEAT)

Partly delivered

  • CASA 37-38% → delivered 38.65% (= BEAT)

Missed

  • Deposit growth 10-12% → delivered 11.59% (= BEAT)
  • Net slippage ratio 1-1.25% → delivered 0.78% (= BEAT)
Source

Earnings Call Transcript filed with NSE, NSE: UCOBANK. Summary written with AI assistance from the document.

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UCO Bank: key numbers

Share price
₹23.90
Market cap
₹29,970 Cr
Revenue (annual)
₹26,281 Cr
Net profit (annual)
₹2,768 Cr
P/E (TTM)
10.6×Sector 22.0×
Promoter holding
90.95%+0.00% QoQ
FII holding
0.06%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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