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

Services

Equity Investment with CA Abhay

Stock Market Masterclass

FNO Stocks with CA Abhay

Equity Trading with CA Abhay

Option Trading with CA Abhay

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.

The Upcoming IPOs in this week and coming weeks are Victory Electric Vehicles International, Borana Weaves, Dar Credit and Capital,Belrise Industries, Wagons Learning.

The Current active IPO are Accretion Pharmaceuticals.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst

Services

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

Key Financial Highlights

Asset Quality Improvement

Dividend Declaration

Related News