Canara Bank (CANBK) — Financial Results | 27 January 2025(5 announcements)

Canara Bank reported a net profit of ₹87.22 crores for Q3 FY2024-25, up 32% year-on-year, driven by a 69.9% surge in total income to ₹1,05,762 crores, reflecting strong loan growth and improved asset quality.

Canara Bank reported consolidated net profit of ₹4,104 crores for Q3 FY2024-25, up 12.25% YoY, driven by 10.45% growth in global advances and 8.44% growth in global deposits. Gross NPA declined 105 bps to 3.34%, while net NPA fell 43 bps to 0.89%. Operating profit rose 15.15% YoY to ₹7,837 crores, supported by 35.09% growth in non-interest income. The bank exceeded priority sector targets across all sub-categories, with retail credit growing 17.26% YoY and RAM credit surging 35.46%. Shareholding pattern shows 62.93% held by the Government of India as of December 2024.

Canara Bank reported a net profit of ₹4,161 crores for Q3 FY2024-25, up sharply from ₹1,188 crores a year earlier, reflecting strong YoY growth. The results, approved by the board on 27.01.2025, cover standalone and consolidated figures for the quarter ended 31.12.2024, with total revenue at ₹37,429.90 crores. The bank maintained a high provision coverage ratio of 91.26% and recorded a return on assets of 16.49%. No defaults were reported in listed debt securities, and full utilization of ₹10,000 crores raised via NCDs was confirmed. The audit noted limited scope due to reliance on prior reports and excluded disclosures for numerous branches and subsidiaries.

Canara Bank reported a 69.9% YoY jump in net profit to ₹4,104.20 crores for Q3 FY25, driven by strong income growth and improved asset quality, with gross NPA falling to 62.93% and net NPA to 2.58%.

Canara Bank reported net profit of ₹4,104 crores, up 12.25% YoY, driven by 9.30% growth in global business and 8.44% growth in global deposits for Q3 2024. Operating profit rose 15.15% to ₹7,837 crores, with gross advances expanding 10.45% YoY to ₹10,49,706 crores. Retail credit surged 35.46%, while asset quality improved, with gross NPA ratio declining to 3.34% and provision coverage ratio increasing to 91.26%. Earnings per share grew 11.03%.