Canara Financial institution This autumn FY25 Outcomes: Bengaluru-headquartered public sector lender Canara Financial institution on Thursday reported a web revenue of Rs 5,004 crore for the quarter ended March 31, a 33.2 per cent improve over the corresponding interval a yr in the past. The PSU inventory jumped instantly after the earnings announcement.
The PSU financial institution’s web curiosity revenue (NII) declined 1.4 per cent on a year-on-year foundation to Rs 9,442 crore for the fourth quarter of FY25, in keeping with a regulatory submitting.
In response to Zee Enterprise analysis, the PSU financial institution was estimated to register a web revenue of Rs 4,572 crore with a web curiosity revenue of Rs 9,267 crore for the quarter ended March 31.
Canara Financial institution shares jumped moments after the earnings announcement, rising as a lot as 4.3 per cent to Rs 97.7 apiece on BSE.
Canara Financial institution dividend per share
The PSU lender declared a dividend of Rs 4 per share, translating to a 200 per cent payout given the face worth of Rs 2 per fairness share. Learn extra on Canara Financial institution dividend
Canara Financial institution This autumn FY25 Earnings | PSU financial institution’s asset high quality improves
Canara Financial institution displayed an enchancment in its asset high quality, measured as sequential discount within the proportion of dangerous loans in complete loans.
Its gross and web non-performing belongings (NPAs) stood at 2.94 per cent and 0.70 per cent of complete loans, as of March 31, decrease than 3.34 per cent and 0.89 per cent three months in the past.
Canara Financial institution mortgage development
The financial institution’s gross advances elevated 11.7 per cent on a year-on-year foundation to Rs 10,73,332 crore, in keeping with the submitting.
Its home and world deposits elevated 9.6 per cent and 11.0 per cent to Rs 13,31,137 crore and Rs 14,56,883 crore, respectively.
Canara Financial institution stated its world enterprise grew 11.32 per cent to Rs 25,30,215 crore.
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