Canara Bank Q3 Results 2025 Highlights: Net profit rises 12% YoY to ₹4,104 crore; PSU stock dips over 4%

• Govt of India - 62.93%
• Resident individuals - 12.13%
• FPIs - 11.11%
• Insurance companies - 6.79%
• Mutual funds - 4.26%
• Others - 2.16%
• Staff - 0.62%

Canara Bank share price declined 4.5% to ₹92.40 apiece on the BSE today following the earnings announcement.

Canara Bank Q3 Results Live: As on 31.12.2024, the Bank has 9,816 branches, out of which 3,129 are rural, 2,887 are semi-urban, 1,938 are urban, and 1,862 are metro, along with 9,715 ATMs. The bank also has 4 overseas branches in London, New York, Dubai, and IBU Gift City.

• Global Business stood at ₹24,19,171 Cr, grew by 9.30%.
• Global Deposit stood at ₹13,69,465 Cr, grew by 8.44%.
• Gross Advances stood at ₹10,49,706 Cr, grew by 10.45%.
• RAM Credit grew by 12.32%.
• Retail Credit grew by 35.46% with Housing loan growth at 12.26% and Vehicle loan at 17.26%.
• Fee Base Income stood at ₹2,185 Cr, grew by 23.31%.
• Operating Profit stood at ₹7,837 Cr, grew by 15.15%.
• Net Profit stood at ₹4,104 Cr, grew by 12.25%.
• Provision Coverage Ratio (PCR) at 91.26%, improved by 225 bps.
• Earnings per share grew by 11.03%.
• Gross NPA Ratio stood at 3.34%, improved by 105 bps.
• Net NPA Ratio stood at 0.89%, improved by 43 bps.
• Credit Cost stood at 0.89%, improved by 8 bps.
• Slippage Ratio stood at 0.96%, improved by 28 bps.

Source: Company's investor presentation

Total provisions witnessed a sharp 18.51% YoY increase to ₹3,733 crore while it was up 2.55% on QoQ basis. NPAs, however, declined 23.29% QoQ and 5.89% YoY to ₹1,982 crore.

Canara Bank Q3 Results Live: A look at NPA ratios

The Gross NPA ratio declined to 3.34% from 3.73% in the preceding quarter and 4.39% in the year-ago quarter.

The Net NPA also declined on a YoY basis and QoQ basis to 0.89% from 1.32% and 0.99%, respectively.

Canara Bank Q3 Results Live: Total expenses witnessed a 10.77% YoY increase in Q3 FY25 to ₹28,277 crore. Meanwhile, on a QoQ basis, the uptick was to the tune of 4.47%.

Canara Bank Q3 Results Live: A look at deposit growth in Q3:

- Total domestic deposits grow 7.76% to ₹12,57,426 crore in Q3 FY 25 from ₹11,66,848 crore in Q3 FY 24. On a QoQ basis, the growth was flat at 1.51%.

- Savings deposits saw 1.74% YoY increase but a 3.24% QoQ decline yo ₹3,29,680 crore.

- CASA deposits came in at ₹3,77,207 crore, up 2% YoY but down 2.61% QoQ

- Term deposit saw a 10.36% YoY and a 3.39% QoQ increase in Q3 to ₹8,80,219 crore.

- Global deposits came in at ₹13,69,465 crore, up 8.44% YoY and 1.64% QoQ

On a quarter-on-quarter (QoQ) basis, NII declined by 2% while PAT witnessed a 2% increase in Q3.

Canara Bank Q3 Results Live: NII declines 2.84% YoY in Q3 FY 25 to ₹9,148.57 crore from ₹9,417.1 crore in the same quarter last year. 

Canara Bank Q3 Results Live: The public sector lender Canara Bank on Monday posted a 12.25% year-on-year (YoY) increase in profit after tax (PAT) to ₹4,104.20 crore in Q3 FY25. The figure stood at ₹3,656.12 crore in the same period last year.

Canara Bank Q3 Results Live: Nuvama Research pegs Canara Bank's Q3 PAT at ₹3610 crore, a decline of 1.4% YoY and 10.2% QoQ. Meanwhile, it sees Q3 NII at ₹9360 crore, marginally lower than last quarter and also the corresponding quarter last fiscal.

Canara Bank Q3 Results Live: Canara Bank share price traded flat on the BSE ahead of the announcement of December quarter results. The stock was trading at ₹96.80 around 1 pm, up 0.05%.

Canara Bank Q3 Results Live: Motilal Oswal expects Canara Bank's net profit to grow by 9.8% YoY to ₹4,014.2 crore in the third quarter of fiscal FY25 whereas the figure is expected to be flat on QoQ basis. Meanwhile, it pegs Q3 FY25 net interest income at ₹9,611.2 crore, a growth of 2.1% YoY and 3.2% QoQ.

The brokerage further expects margins to remain largely flat, with an improvement in asset quality. It also expects costs to remain broadly in control. Advances and deposit growth to be the key monitorables, MOSL said.

Canara Bank Q3 Results Live: Canara Bank, the state-run lender, will declare its Q3 results today. The board of directors of the PSU Bank will approve the financial results for the third quarter of FY25 today, January 27.