CANARA BANK Q4 FY25 Results: PSU lenders beat estimates with Rs 50,04 crore profit; declare Rs 4/dividend
Canara Bank Q4 FY25 results: The public sector lender Canara Bank, a Bangalore headquartered public sector lender, reported on Thursday that its net profit for the quarter ended March 31 was Rs 5,004 crore, an increase of 33.2% from the corresponding period a year ago. After the profit announcement, PSU stock jumped immediately.
According to regulatory documents, PSU Bank's net interest income (NII) fell 1.4% year-on-year to Rs 9442 crore in the fourth quarter of fiscal 25.
According to Zee Business Research, PSU Bank is estimated to have net profit of Rs 4.572 crore, with net interest income of Rs 9267 crore for the quarter ended March 31.
Canara Bank stock jumped for a moment after earnings announcement, and on BSE, the stock rose 4.3% to Rs 97.7 per person.
Canara Bank dividend per share
PSU lender announced a dividend of Rs 4 per share, with a payment of 200% given the par value of Rs 2 per share. Learn more about Canara Bank dividends
Canara Bank Q4 FY25 Income | PSU Bank's Asset Quality Improvement
Canara Bank shows improvements in its asset quality, which is a decrease in the order of the proportion of total loans to non-performing loans.
As of March 31, its gross gross non-performing assets (NPA) was 2.94% and 0.70%, down from 3.34%, and below 3.34% and 0.89% three months ago.
Canara Bank Loan Growth
The bank's total stock rose 11.7% to Rs 107,333.2 crore in the year, the document shows.
Its domestic and global deposits rose by 9.6% and 11.0%, respectively, to Rs 13,31,37 crore and Rs 14,568,83 crore, respectively.
Canara Bank said its global business grew 11.32% to Rs 25,30,215 crore.
