Canara Bank Q4 Results: Net Profit Up 33.15% YoY To Rs 5002.66 Cr, Board Declares Rs. 4 Dividend

Canara Bank released its financial results for the fourth quarter of the fiscal year, which ended on March 31, 2025, on Thursday. In Q4FY25, the bank's net profit was Rs 5002.66 Cr, up 33.15% YoY from Rs 3,757.23 Cr in Q4FY24.

The bank's net income stood at Rs 37,352.80 Cr in the quarter under review as against Rs 34,025.18 Cr reported in the year-ago quarter, representing a gain of 9.78% YoY.

Subject to shareholder approval at the bank's upcoming annual general meeting, the Board recommended paying shareholders a dividend of Rs. 4/-per equity share, or 200% of the face value of Rs. 2 each, for the fiscal year 2024-2025.

According to a regulatory filing, the PSU bank's net interest income (NII) for the fourth quarter of FY25 was Rs 9,442 crore, a 1.4% YoY drop.

According to the bank, its operating profit increased by 12.14% to Rs 8,284 Cr, while its gross advances increased by 11.74% to Rs 10,73,332 Cr. As of March 31, 2025, Canara Bank reported a 16.98% increase in earnings per share. As of March 2025, the bank's domestic deposits totalled Rs 13,31,137 Cr, up 9.56% YoY. Meanwhile, Canara Bank's domestic advances totalled Rs 10,08,671 Cr, growing 11.06% YoY.

As of March 2025, Canara Bank's gross non-performing assets (GNPA) ratio was 2.94%, down from 3.34% in December 2024 and 4.23% in March 2024. This suggests that the bank's asset quality is on the rise. However, the bank's net non-performing assets (NNPA) ratio, which was 1.27% in March 2024 and 0.89% in December 2024, decreased to 0.70% in March 2025, which is a very good indication of the bank's improving asset quality and financial health.

Stronger financial resilience and robust credit risk management are demonstrated by Canara Bank's Provision Coverage Ratio (PCR), which was 92.70% in March 2025 compared to 91.26% in December 2024 and 89.10% in March 2024.

As of March 31, 2025, the bank has resulted in 9849 branches, including 3139 rural, 2900 semi-urban, 1944 urban, and 1866 metro locations, in addition to 9579 ATMs. In addition, the bank has four overseas branches in IBU Gift City, Dubai, New York, and London.