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Canara Bank (CANBK) investor relations material
Canara Bank Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Global business grew 13.55% year-over-year to INR 2,678,963 crore, with advances up 13.74% and deposits up 13.4%.
Net profit rose 18.93% year-over-year to INR 4,774 crore, and operating profit increased 12.2% to INR 8,588 crore.
Return on assets improved to 1.12% year-over-year; earnings per share at 21.01, up 20.68% year-over-year.
Unaudited standalone and consolidated financial results for H1 FY2025-26 showed continued growth in income and profitability.
Asset quality improved, with gross NPA at 2.35% (down 138 bps) and net NPA at 0.54% (down 45 bps) year-over-year.
Financial highlights
Net interest income for the quarter was INR 9,141 crore, up 1.47% sequentially; total income reached INR 38,598 crore, up 11.17% year-over-year.
Non-interest income surged 41.62% year-over-year to INR 7,054 crore, driven by higher fee-based and treasury income.
Provision coverage ratio improved to 93.59%; credit cost reduced to 0.68%, and slippage ratio down to 0.76%.
Standalone net profit for H1 FY2025-26 was INR 9,525.99 crore, up from INR 7,919.81 crore year-over-year.
Interest income included INR 450 crore from written-off accounts and INR 400 crore from income tax refund.
Outlook and guidance
11 out of 13 annual guidance parameters already achieved; focus remains on improving CASA and NIM.
Margins expected to remain stable for one more quarter, with potential improvement thereafter if no further rate cuts occur.
Asset quality metrics (GNPA, NNPA, PCR, slippage, credit cost) all better than guidance.
ROE and ROA surpassed guidance at 20.56% and 1.12%, respectively.
No deviations or variations in the use of funds raised; all covenants for listed debt securities are in compliance.
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