Canara Bank reported its Q3 FY26 financial performance, posting strong growth in profitability on both a standalone and consolidated basis, along with an improvement in asset quality ratios.
Standalone performance
For Q3 FY26, pre-provision operating profit (PPOP) stood at Rs 9,119.47 crore, compared with Rs 7,836.62 crore in the year-ago quarter, reflecting a 16.37% year-on-year increase. On a sequential basis, PPOP rose 6.19% quarter-on-quarter.
Profit after tax (PAT) on a standalone basis came in at Rs 5,155.11 crore, up from Rs 4,104.20 crore in Q3 FY25, marking a 25.61% YoY growth. Sequentially, PAT increased 7.98% QoQ.
Consolidated performance
On a consolidated basis, PAT for Q3 FY26 stood at Rs 5,253.67 crore, compared with Rs 4,214.16 crore in the corresponding quarter last year, translating into a 24.67% YoY increase. On a quarter-on-quarter basis, consolidated PAT rose 8.32%.
Asset quality
The bank reported an improvement in asset quality metrics during the quarter. Gross non-performing assets (GNPA) declined to 2.08%, compared with 3.34% in the year-ago period and 2.35% in the previous quarter. Net non-performing assets (NNPA) improved to 0.45%, from 0.89% YoY and 0.54% QoQ.
Q3 FY26 financial snapshot
| Metric | Q3 FY26 | YoY change | QoQ change |
|---|---|---|---|
| Standalone PPOP | Rs 9,119.47 crore | +16.37% | +6.19% |
| Standalone PAT | Rs 5,155.11 crore | +25.61% | +7.98% |
| Consolidated PAT | Rs 5,253.67 crore | +24.67% | +8.32% |
| GNPA | 2.08% | Improved from 3.34% | Improved from 2.35% |
| NNPA | 0.45% | Improved from 0.89% | Improved from 0.54% |
All figures are in Rs crore, unless stated otherwise, and are based strictly on the data provided.
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