Canara Bank has reported robust performance in its Q3 FY25 financial results, showcasing significant growth in key financial metrics. The bank’s net profit for the quarter ended December 31, 2024, rose to ₹4,104.20 crore, up from ₹3,656.12 crore in the corresponding quarter of the previous fiscal, reflecting a year-on-year (YoY) increase of 12.25%.
The Net Interest Income (NII) for Canara Bank in Q3 FY25 stands at ₹9,148.57 crore, reflecting the core profitability of its lending operations
- NII for Q3 FY25: ₹9,148.57 crore
- NII for Q3 FY24: ₹9,417.10 crore
- YoY Growth: -2.85%
Interest Income and Total Income:
The bank’s interest earned stood at ₹30,311.61 crore during Q3 FY25, up from ₹29,740.07 crore in the previous quarter. This includes:
- Interest/discount on advances/bills: ₹22,445.62 crore, showcasing strong growth from ₹19,893.56 crore in the corresponding period last year.
- Income on investments: ₹6,186.34 crore compared to ₹5,775.05 crore in the previous year.
Total income, including other income, reached ₹36,113.77 crore for the quarter, an improvement from ₹32,333.93 crore in Q3 FY24.
Operating Performance:
Operating expenses increased marginally, with employee costs at ₹4,480.52 crore and other operating expenses at ₹2,633.59 crore. Total operating expenses stood at ₹7,114.11 crore compared to ₹6,906.67 crore in the same quarter last year.
Asset Quality and Ratios:
The bank demonstrated steady improvement in its asset quality:
- Gross Non-Performing Assets (GNPA): ₹35,060.64 crore, reflecting a GNPA ratio of 3.34%, an improvement from 3.73% in the previous quarter.
- Net Non-Performing Assets (NNPA): ₹9,081.10 crore, with an NNPA ratio of 0.89%, down from 0.99% in Q2 FY25.
Other key ratios include:
- Return on Assets (RoA): 1.03%, slightly lower than 1.05% in the previous quarter.
- Net Profit Margin: 11.36%, reflecting consistent profitability.
- Operating Margin: 21.70%, indicating stable operational efficiency.
Canara Bank’s strong performance in Q3 FY25 highlights its growth trajectory and efficient management of asset quality. The bank’s focus on strengthening its core business and improving asset quality ratios continues to bolster investor confidence. With improving profitability and operational efficiency, Canara Bank is well-positioned to sustain its growth momentum.
Disclaimer: The information provided is for informational purposes only and should not be considered financial advice. Investors are advised to conduct their own research or consult a financial advisor before making investment decisions.
