Canara Bank, the state-run lender, on Thursday reported a net profit of ₹4,752 crore in the first quarter of FY26, registering a growth of 21.7% from ₹3,905 crore in the corresponding quarter of previous fiscal year led by rise in other income
Q1 FY26 Highlights
- Net Profit: ₹4,752 crore, up 21.7% YoY2
- Total Income: ₹38,063 crore, up 11.88% YoY
- Net Interest Income (NII): ₹9,009 crore, down 1.7% YoY
- Operating Profit: ₹8,554 crore, up 12.32% YoY
- Other Income: ₹7,060 crore, up 32.73% YoY
Management Announcements & Highlights
- Strong Asset Quality: GNPA and NNPA improved significantly.
- Loan Book Growth: Advances grew by over 10% YoY.
- Retail Lending Focus: Surge in home and personal loan segments.
- Deposit Base Strengthened: CASA ratio remains stable.
- Digital Push: Digital transactions saw double-digit growth.
- Capital Position: CET-1 ratio at comfortable levels, no immediate capital-raising plan.
Retail Investor Takeaways Positives:
- Steady earnings growth.
- Strong provisioning and clean balance sheet
- Attractive dividend history for long-term holders.
- Lower NPA levels than many PSU peers
Stock is trading up 5% after Results
P&L from 2014 : https://www.screener.in/company/CANBK/consolidated/#profit-loss