Canara Bank Q4 FY25 net profit jumps 33% to ₹5,004 crore with strong growth

NOOR MOHMMED

17/May/2025

Canara Bank’s Q4 FY25 net profit surged 33.19% YoY to ₹5,004 crore with 7.62% growth in interest income
Global business and deposits rose over 11%, while gross and net NPAs significantly improved
Board recommends ₹4 per share dividend; net interest margin declined slightly

Canara Bank posted a robust 33.19% year-on-year (YoY) increase in net profit for the March quarter (Q4) of the financial year 2024-25, reporting a profit of ₹5,004 crore, up from ₹3,757.23 crore in the corresponding quarter of the previous year.

The bank’s total interest income grew by 7.62% YoY, reaching ₹31,002.04 crore in Q4 FY25, compared to ₹28,807.35 crore a year earlier.

Key Financial Highlights

Operating profit increased by 12% to ₹8,284 crore from ₹7,387 crore in Q4 FY24.
Global business expanded by 11.32% YoY to ₹25,30,215 crore.
Global deposits grew by 11.01% to ₹14,56,883 crore.
Global gross advances rose 11.74% to ₹10,73,332 crore.
Domestic gross advances increased 11.06% to ₹10,08,671 crore.
Domestic deposits grew 9.56% to ₹13,31,137 crore.

However, net interest income (NII) saw a slight dip of 1.44% YoY, falling to ₹9,442 crore from ₹9,580 crore in Q4 FY24. Correspondingly, the net interest margin (NIM) contracted by 25 basis points to 2.80% from 3.05%.

Asset Quality Improvement

The bank’s gross non-performing assets (NPA) ratio improved significantly, declining to 2.94% from 4.23% YoY. Similarly, the net NPA ratio dropped to 0.70% from 1.27%, reflecting better asset quality and recovery efforts.

Dividend Declaration

The board of directors has recommended a dividend of ₹4 per equity share for the financial year ended March 31, 2025, subject to necessary approvals.

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Canara Bank Q4 FY25 net profit jumps 33% to ₹5,004 crore with strong growth

Key Financial Highlights

Asset Quality Improvement

Dividend Declaration

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Disclaimer