Union Bank of India reported unaudited earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net profit of INR 1.97 billion compared to INR 5.80 billion a year ago. Increase in provisions towards NPAs, restructured advances and depreciation on investments have weighed on net profits. Net interest income was INR 1.78 billion compared to INR 1.62 billion a year ago. Interest earned was INR 53.75 billion compared to INR 42 billion a year ago. Total income was INR 5.97 billion compared to INR 46.93 billion a year ago. Operating profit before provision and contingencies was INR 1.28 billion compared to INR 1.26 billion a year ago. Profit from ordinary activities before tax was INR 3.11 billion compared to INR 8.61 billion a year ago. Net profit from ordinary activities after tax was INR 1.97 billion compared to INR 5.8 billion a year ago. Net profit was INR 1.97 billion or INR 3.76 per basic and diluted share before and after extraordinary items compared to INR 5.8 billion or INR 11.46 per basic and diluted share before and after extraordinary items a year ago. For the nine months, the company reported net profit of INR 10,140 million compared to INR 14,840 million a year ago. Net interest income was INR 17,810 million compared to INR 16,150 million a year ago. Reduction is attributed to increase in provisions towards NPAs, restructured advances and depreciation on investments. Interest earned was INR 154.01 billion compared to INR 11.84 billion a year ago. Total income was INR 169.78 billion compared to INR 132.76 billion a year ago. Operating profit before provision and contingencies was INR 36.55 billion compared to INR 34.35 billion a year ago. Profit from ordinary activities before tax was INR 16.31 billion compared to INR 22.39 billion a year ago. Net profit from ordinary activities after tax was INR 10.14 billion compared to INR 14.84 billion a year ago. Net profit was INR 10.14 billion or INR 19.33 per basic and diluted share before and after extraordinary items compared to INR 14.84 billion or INR 29.39 per basic and diluted share before and after extraordinary items a year ago.