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
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