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Union Bank of India Q1FY24; 107% rise in Profits

Union Bank of India is engaged in the Business of Banking Services, Government Business ,Merchant Banking, Agency Business Insurance, Mutual Funds, Wealth Management etc.

Financial Results:

Union Bank of India reported Revenues for Q1FY24 of ₹23,613.00 Crores up from ₹18,256.00 Crore year on year, a rise of 29.34%.

Total Expenses for Q1FY24 of ₹22,642.00 Crores up from ₹19,040.00 Crores year on year, a rise of 18.92%.

Consolidated Net Profit of ₹3,272.00 Crores up 106.7% from ₹1,583.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.79, up 106.47% from ₹2.32 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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