Results Wednesday, May 09, 2012 12:32 Hrs IST

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Union Bank of India net profit rises 29.39% in the March 2012 quarter

Operating income rises 24.44% to Rs 5743.41 crore

Net profit of Union Bank of India rose 29.39% to Rs 773.19 crore in the quarter ended March 2012 as against Rs 597.57 crore during the previous quarter ended March 2011. Total operating income rose 24.44% to Rs 5743.41 crore in the quarter ended March 2012 as against Rs 4615.26 crore during the previous quarter ended March 2011.

For the audited full year, net profit declined 14.16% to Rs 1787.13 crore in the year ended March 2012 as against Rs 2081.95 crore during the previous year ended March 2011. Total operating income rose 28.52% to Rs 21144.28 crore in the year ended March 2012 as against Rs 16452.62 crore during the previous year ended March 2011.

In the consolidated full year results, the bank reported net profit of Rs 1755.75 crore in the year ended March 2012 as against Rs 2069.03 crore during the previous year ended March 2011. Total operating income reported to Rs 21152.48 crore in the year ended March 2012 as against Rs 16460.94 crore during the previous year ended March 2011.

ParticularsQuarter EndedYear Ended
 Mar. 2012Mar. 2011% Var.Mar. 2012Mar. 2011% Var.
Sales5743.414615.26 24 21144.2816452.62 29
OPM %73.0165.32 12 69.1267.79 2
PBDT1081.64716.28 51 2712.752955.40 -8
PBT1081.64716.28 51 2712.752955.40 -8
NP773.19597.57 29 1787.132081.95 -14

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