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