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Revenue YoY
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Where this quarter sits.
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What the record says.
Uco Bank delivered a strong Q4 FY26 with net profit of ₹801 crore (+22% YoY), driven by robust credit growth of 19.44% YoY and improved asset quality. Gross NPA fell to 2.17% (down 52bps YoY) and net NPA to 0.27%. The bank surpassed its own guidance on most parameters, including credit growth (guidance 12-14%) and RAM share at 65% (guidance 61-63%). Management guided for FY27 with credit growth of 12-14%, gross NPA <2%, and RoA nearing 1% by year-end. Key risks include potential stress in MSME from geopolitical tensions and pricing pressure in corporate lending, though the bank holds a ₹1,900 crore buffer in provisions. Digital initiatives are gaining traction, with 25,000 crore of digital business booked and mobile active users up 5x in three years.
Colored figures show movement against the previous available record.
Guidance to track
- Management guided credit growth in the same range as previous years, though actuals have consistently exceeded guidance.
- Target gross NPA below 2% by end of FY27, down from 2.17% in FY26.
- Management expects RoA to approach 1% by end of next financial year, driven by NIM improvement and cost control.
- Guidance for credit cost below 0.75%, down from less than 1% in FY26.
Risks flagged
- Analyst raised concern about West Asia war affecting small businesses; management acknowledged potential impact but noted no visible stress yet.
- Management stated they are not growing corporate credit at the cost of margins, indicating competitive pricing challenges.
- Treasury profit turned negative this quarter due to yield spike; AFS reserves negative ₹140 cr. Recovery depends on global stability.
Key quotes
- We don't want credit growth in corporate segment at the cost of margins.
- Our guidance continues to be in the same range looking at all scenarios but I'm sure we will be surpassing the guidance with a good number.
- By end of next financial year we should be nearing to 0.95 to 1% ROA levels.
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