Canara Bank’s Q3FY24 Quarter Results

Canara Bank’s revenue grew over 25% YoY
  • 25 Jan 2024
  • Canara Bank reported 5.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended December (Q3FY24). On a year-on-year (YoY) basis, it witnessed a growth of 25.7%.
  • Its expenses for the quarter were up by 9.7% QoQ and 34.7% YoY.
  • The net profit de-grew -0.2% QoQ and grew 25% YoY.
  • The earnings per share (EPS) of Canara Bank stood at Rs 20.9 during Q3FY24.
  • The bank’s capital adequacy ratio (CAR) stood at 15.83% in Dec 2023 quarter.
  • Net non-performing assets (NPAs) were at 1.32% of net advances as of Dec 2023.

Canara Bank’s Financial Statements for Q3FY24:

(Rs, crores) Q3FY23 Q2FY24 Q3FY24 QoQ (%) YoY (%)
Total income
28,338.1
33,891.2
35,630.2
5.1%
25.7%
Total expenses
21,328.7
26,184.6
28,722.6
9.7%
34.7%
Provisions & contingencies
3,123.5
2,608.6
1,899.0
-27.2%
-39.2%
Profit before tax
3,885.9
5,098.0
5,008.6
-1.8%
28.9%
Tax
962.7
1,420.6
1,270.3
-10.6%
32.0%
Profit after tax
3,032.9
3,797.7
3,790.2
-0.2%
25.0%
Earnings per share
16.7
20.9
20.9

Data Source: BSE, Company announcements

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

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