Canara Bank (CANBK) Q4 24/25 earnings summary

Executive summary

• Global business grew 11.32% year-over-year to ₹25.3 lakh crore, with advances up 11.74% and deposits up 11.01%, surpassing guidance.

• Net profit for Q4 FY25 rose 33.19% year-over-year to ₹5,004 crore; FY25 standalone net profit reached Rs. 17,026.67 crore.

• Operating profit for Q4 exceeded ₹8,000 crore for the first time, up 12.14% year-over-year.

• Board recommended a 200% dividend (₹4 per ₹2 face value share), up from 161% last year, subject to shareholder approval.

• Asset quality improved: Gross NPA at 2.94% (down 129 bps), Net NPA at 0.70% (down 57 bps), PCR at 92.70%.

Financial highlights

• Total income for FY25 was ₹1,42,208 crore, up 11.40% year-over-year; Q4 FY25 income was ₹37,353 crore.

• Net interest income for FY25 was ₹37,072 crore; non-interest income for Q4 FY25 rose 21.74% year-over-year to ₹6,351 crore.

• EPS (annualized) for Q4 FY25 was ₹18.77; book value per share at ₹97.28 (face value ₹2/share).

• Fee-based income grew 20.30% YoY to ₹2,335 crore.

• Cost-to-income ratio at 47.27%; NIM at 2.80% for Q4 FY25.

Outlook and guidance

• FY26 guidance: global business growth 10–11%, advances growth 10–10.5%, deposits growth 9–10%.

• NIM expected at 2.75–2.80%; gross NPA targeted at 2.5%, net NPA at 0.6%.

• PCR projected at 93%, slippage ratio at 0.9%, credit cost at 0.9%.

• ROE guidance at 18.5%, EPS at ₹19, ROA at 1.05%.