Canara Bank Q4 FY25 Results: Bengaluru-headquartered public sector lender Canara Bank on Thursday reported a net profit of Rs 5,004 crore for the quarter ended March 31, a 33.2 per cent increase over the corresponding period a year ago. The PSU stock jumped immediately after the earnings announcement.
The PSU bank’s net interest income (NII) declined 1.4 per cent on a year-on-year basis to Rs 9,442 crore for the fourth quarter of FY25, according to a regulatory filing.
According to Zee Business research, the PSU bank was estimated to register a net profit of Rs 4,572 crore with a net interest income of Rs 9,267 crore for the quarter ended March 31.
Canara Bank shares jumped moments after the earnings announcement, rising as much as 4.3 per cent to Rs 97.7 apiece on BSE.
Canara Bank dividend per share
The PSU lender declared a dividend of Rs 4 per share, translating to a 200 per cent payout given the face value of Rs 2 per equity share. Read more on Canara Bank dividend
Canara Bank Q4 FY25 Earnings | PSU bank’s asset quality improves
Canara Bank displayed an improvement in its asset quality, measured as sequential reduction in the proportion of bad loans in total loans.
Its gross and net non-performing assets (NPAs) stood at 2.94 per cent and 0.70 per cent of total loans, as of March 31, lower than 3.34 per cent and 0.89 per cent three months ago.
Canara Bank loan growth
The bank’s gross advances increased 11.7 per cent on a year-on-year basis to Rs 10,73,332 crore, according to the filing.
Its domestic and global deposits increased 9.6 per cent and 11.0 per cent to Rs 13,31,137 crore and Rs 14,56,883 crore, respectively.
Canara Bank said its global business grew 11.32 per cent to Rs 25,30,215 crore.
