Union Bank of India, a public sector bank in India, today reported a rise of 77.24% in second quarter profit. The bank has reported a profit of Rs 6.58 billion for the quarter ended Sept. 30, 2015, compared with Rs 3.71 billion, a year ago. 
 
The quarterly income totalled at Rs 91.00 billion, an increase of 3.95% over Rs 87.54 billion in the same period a year ago.
 
The net interest margins (NIM) stood at 2.42% for July-September 2015 as against 2.60% for July-September 2014. The net interest income for July-September 2015 up by 0.8% to Rs 21.02 billion from Rs 20.85 billion in July-September 2014.

Non interest income for July-September 2015 stood at Rs 9.60 billion, up 18.2% over a year ago.

Growth in operating expenses during July-September 2015 was contained at 0.6%. Within overall opex, non-employee expenses declined by 2.0%.

Return on average assets (annualised) stood at 0.68% for July-September 2015 as against 0.42% for July-September 2014 and 0.55% for April-June 2015. Return on equity (annualised) stood at 12.80% in July-September 2015 as against 8.25% in July-September 2014 and 11.02% in April-June 2015.

Earnings per share (annualised) stood at Rs. 41.37 in July-September 2015 as against Rs. 23.52 in July-September 2014 and Rs. 32.64 in April-June 2015.

Shares of the bank gained Rs 1, or 0.62%, to trade at Rs 163.00. The total volume of shares traded was 813,431 at the BSE (12.19 p.m., Friday).