Canara Bank Q4 Results: NII, operating profit above estimates but slippages, write-offs rise
Published on 08/05/2025 01:59 PM
Canara Bank Q4 Results: NII, operating profit above estimates but slippages, write-offs riseThe PSU-lender's net interest income (NII) or core income for the March quarter slightly rose 1.4% on-year to ₹9,442 crore.By Meghna Sen May 8, 2025, 1:59:48 PM IST (Updated)1 Min ReadCanara Bank Ltd. announced its results for the January to March period on Thursday, May 8, in which it reported a 33% year-on-year rise in net profit at ₹5,002.7 crore. The same was ₹3,757 crore in the year-ago quarter.
The PSU-lender's net interest income (NII), the difference between interest earned and interest expended, for the March quarter slightly rose 1.4% YoY to ₹9,442 crore, compared to ₹9,580 crore in the same quarter last year.
Canara Bank's NII and operating profit were higher than estimates.
The bank's slippages stood at ₹2,702 crore as against ₹2,464 crore in the previous December quarter. The figure was also higher than estimates of ₹2,650 crore.
Following the Q4 earnings announcement, shares of Canara Bank Ltd. are trading with gains of 4.59% at ₹97.88. However, the stock is down 4% so far this year.Continue ReadingFirst Published: May 8, 2025 1:48 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsCanara BankearningsQ4 results