Canara Bank's Q1 FY 2025-26 Quarterly Results

Result Summary

• Canara Bank reported a 10.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 12.1%.
• Its expenses for the quarter were up by 9.5% QoQ and 12.0% YoY.
• The net profit decreased 19.0% QoQ and decreased 21.1% YoY.
• The earnings per share (EPS) of Canara Bank stood at 3.5 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Canara Bank is one of India's leading public sector banks, offering a wide range of banking services, including retail, corporate, and international banking. Founded in 1906, the bank has grown significantly over the years, expanding its operations both domestically and internationally. Canara Bank provides various services such as loans, deposits, credit cards, and investment products, catering to individuals, small businesses, and large corporations. The bank is part of the Indian financial services industry, which is experiencing rapid growth due to increasing digitalization and financial inclusion initiatives. Although recent major developments for Canara Bank are not available in the provided data, it is known for its efforts in digital banking and customer service improvement.

Revenue

For the first quarter of the fiscal year 2026 (Q1FY26), Canara Bank reported a total income of ₹41,441.51 crores. This represents a 10.9% increase from the previous quarter (Q4FY25), where the bank earned ₹37,384.14 crores. On a year-over-year basis, there was a 12.1% increase in total income compared to the first quarter of the fiscal year 2025 (Q1FY25), where the income was ₹36,965.75 crores. This growth in revenue reflects an upward trend in the bank's earning capacity over both the quarter and the year.

Profitability

Canara Bank's profit before tax for Q1FY26 was ₹6,308.35 crores, which is a 27.2% increase from the previous quarter's ₹4,960.06 crores. Compared to Q1FY25, the profit before tax increased by 16.3% from ₹5,422.03 crores. The tax expense for Q1FY26 was ₹1,472.14 crores, marking a 26.2% increase from Q4FY25's ₹1,166.85 crores and a slight 1.9% increase from Q1FY25's ₹1,444.81 crores. However, the profit after tax saw a decrease to ₹3,232.65 crores in Q1FY26, which is a 19.0% decrease from Q4FY25's ₹3,990.70 crores and a 21.1% decline from Q1FY25's ₹4,098.24 crores. The earnings per share also decreased significantly by 83.9% quarter-over-quarter and 22.2% year-over-year.

Operating Metrics

Total expenses for Canara Bank in Q1FY26 amounted to ₹32,774.20 crores, a 9.5% increase from Q4FY25's ₹29,940.40 crores and a 12.0% increase from Q1FY25's ₹29,261.61 crores. The provisions and contingencies were recorded at ₹2,358.96 crores for Q1FY26, which is a 5.0% decrease from the previous quarter's ₹2,483.68 crores and a 3.4% increase from ₹2,282.11 crores in Q1FY25. This reflects a decrease in quarter-on-quarter provisions, though they have increased slightly year-over-year. These figures indicate a dynamic change in the bank's operating expenses and provisions, impacting the overall financial performance.