Union Bank of India Posts Higher Fiscal Q1 Consolidated Net Profit
Union Bank of India (NSE:UNIONBANK, BOM:532477) said its consolidated net profit increased year over year to 56.4 billion Indian rupees in the fiscal first quarter ended June 30, from 44.3 billion rupees a year ago. Earnings per share climbed to 7.39 rupees from 5.80 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges. Interest earned by the lender in fiscal Q1 grew year on year to 274.3 billion rupees from 271.0 billion rupees. Shares of the company rose over 2% in recent trade.
Union Bank of India (NSE:UNIONBANK, BOM:532477) said its consolidated net profit increased year over year to 56.4 billion Indian rupees in the fiscal first quarter ended June 30, from 44.3 billion rupees a year ago.
Earnings per share climbed to 7.39 rupees from 5.80 rupees a year earlier, according to a Wednesday filing to the Indian stock exchanges.
Interest earned by the lender in fiscal Q1 grew year on year to 274.3 billion rupees from 271.0 billion rupees.
Shares of the company rose over 2% in recent trade.