Stock Report

Canara Bank reports Rs. 406.24 crore PAT in Q1FY21



Posted On : 2020-08-05 18:19:26( TIMEZONE : IST )

Canara Bank reports Rs. 406.24 crore PAT in Q1FY21

CANARA BANK has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.20685.91 crores during the period ended June 30, 2020 as compared to Rs.14222.39 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.406.24 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(3259.33) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.2.79 for the period ended June 30, 2020 as compared to Rs.(31.64) for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 20685.91 crs₹ 14222.39 crsUp Tick 45.45%
Net Profit₹ 406.24 crs₹ (3259.33) crsUp Tick 112.46%
EPS₹ 2.79₹ (31.64)Up Tick 108.82%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.20685.91 crores during the period ended June 30, 2020 as compared to Rs.14062.39 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.406.24 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.329.07 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.2.79 for the period ended June 30, 2020 as compared to Rs.4.37 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 20685.91 crs₹ 14062.39 crsUp Tick 47.1%
Net Profit₹ 406.24 crs₹ 329.07 crsUp Tick 23.45%
EPS₹ 2.79₹ 4.37Down Tick -36.16%

The amount of gross non-performing assets as of June 30, 2020 was at Rs. 57525.52 crore as compared to Rs. 37041.15 crore as of March 31, 2020 and Rs. 39399.02 crore as of June 30, 2019.

The amount of net non-performing assets as of June 30, 2020 was at Rs. 24355.23 crore as compared to Rs. 18250.95 crore as of March 31, 2020 and Rs. 23149.62 crore as of June 30, 2019.

The % of gross NPAs was at 8.84% as of June 30, 2020 as against 8.21% as of March 31, 2020 and 8.77% as of June 30, 2019.

The % of net NPAs was at 3.95% as of June 30, 2020 as compared to 4.22% as of March 31, 2020 and 5.35% as of June 30, 2019.

Shares of CANARA BANK was last trading in BSE at Rs.103.15 as compared to the previous close of Rs. 104.45. The total number of shares traded during the day was 355056 in over 1800 trades.

The stock hit an intraday high of Rs. 105.85 and intraday low of 102.4. The net turnover during the day was Rs. 36925566.

Source : Equity Bulls

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