Central Bank of India's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Central Bank of India reported a 1.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.6%.
- Its expenses for the quarter were up by 1.2% QoQ and 7.9% YoY.
- The net profit increased 4.3% QoQ and increased 30.9% YoY.
- The earnings per share (EPS) of Central Bank of India stood at 1.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 9774.25 | 9884.28 | 9171.16 | -1.1% | 6.6% |
Total Expenses | 7797.53 | 7708.29 | 7228.50 | 1.2% | 7.9% |
Provisions & contingencies | 559.03 | 598.28 | 820.61 | -6.6% | -31.9% |
Profit Before Tax | 1417.69 | 1577.71 | 1122.05 | -10.1% | 26.3% |
Tax | 449.51 | 657.07 | 394.53 | -31.6% | 13.9% |
Profit After Tax | 966.05 | 925.97 | 737.88 | 4.3% | 30.9% |
Earnings Per Share | 1.10 | 1.10 | 0.80 | 0.0% | 37.5% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Central Bank of India, established in 1911, is one of India's largest and oldest commercial banks, operating in the financial services industry. As a public sector bank, it provides a wide range of financial products and services, including retail banking, corporate banking, treasury operations, and credit card services. The bank's extensive network spans across urban and rural areas, offering a variety of deposit schemes, loan products, and investment services to its customers. Recent developments around the bank have focused on digital transformation initiatives to enhance customer service and operational efficiency. However, specific recent developments for the bank are not available in the provided data.
Revenue
In Q3FY25, Central Bank of India reported a total income of ₹9774.25 crores, showing a decrease of 1.1% from the previous quarter (Q2FY25), where the total income was ₹9884.28 crores. However, on a year-over-year basis, there was a 6.6% increase compared to Q3FY24, which recorded a total income of ₹9171.16 crores. This data indicates variations in income generation over the quarters, with a noticeable improvement in annual performance. The bank's revenue streams are likely influenced by its interest income from loans and advances, alongside fees and commission income from various financial services offered.
Profitability
The profit before tax for Q3FY25 stood at ₹1417.69 crores, which represents a decrease of 10.1% compared to the previous quarter's figure of ₹1577.71 crores. Despite this quarterly decline, when compared to Q3FY24, there was a significant year-over-year increase of 26.3% from ₹1122.05 crores. The profit after tax for Q3FY25 was ₹966.05 crores, reflecting a quarter-over-quarter increase of 4.3% and a year-over-year rise of 30.9% from ₹737.88 crores in Q3FY24. The tax expense for the quarter was reduced by 31.6% from the previous quarter, contributing to the rise in post-tax profits. Earnings per share remained consistent quarter over quarter at ₹1.10, but saw a substantial year-over-year increase of 37.5% from ₹0.80 in Q3FY24.
Operating Metrics
Total expenses for Q3FY25 amounted to ₹7797.53 crores, experiencing a 1.2% increase from Q2FY25's ₹7708.29 crores, and a 7.9% rise from Q3FY24's ₹7228.50 crores. Provisions and contingencies for the quarter were ₹559.03 crores, marking a decrease of 6.6% from the previous quarter and a notable year-over-year decrease of 31.9% from ₹820.61 crores in Q3FY24. These figures suggest operational adjustments in managing expenses and provisions over the year. The bank's focus on controlled provisioning and expense management might be contributing factors to the changes in these metrics.
