Canara Bank Ltd has announced its financial results for the fourth quarter of FY2024-25, reporting a 33.15% year-on-year (YoY) increase in net profit to ₹5,002.66 crore. The bank attributes this growth to strong loan growth, improved asset quality, and higher operating profit.
Financial Highlights
- Total income for Q4 FY25 rose 7.62% YoY to ₹31,002 crore.
- Net interest income (NII) declined 1.44% YoY to ₹9,442 crore.
- Operating profit surged 12.14% YoY to ₹8,284 crore.
- Gross advances increased 11.74% YoY to ₹10.73 lakh crore.
- Deposits grew 11.01% YoY to ₹14.56 lakh crore.
- Gross non-performing assets (GNPA) improved to 2.94%, down from 4.23% a year ago.
- Net NPA fell to 0.70%, compared to 1.27% in Q4 FY24.
- Provision coverage ratio (PCR) rose to 92.70%, enhancing financial resilience.
Dividend Declaration & Market Performance
Canara Bank’s board has recommended a final dividend of ₹4 per equity share (200% of face value), subject to shareholder approval. The record date for the dividend is June 13, 2025, with the payout scheduled after the Annual General Meeting.
Following the earnings announcement, Canara Bank’s shares surged 4.59% to ₹97.88 on the BSE, reflecting investor confidence in the bank’s strong financial performance.
Strategic Outlook
Canara Bank remains optimistic about continued loan growth and asset quality improvements, targeting 10-11% advance growth and 9-10% deposit growth for FY26. The bank also aims to reduce GNPA to 2.5% by the end of the current fiscal year.
