Canara Bank (BOM:532483)
₹ 101.45 -2.45 (-2.36%) Market Cap: 920.22 Bil Enterprise Value: 249.77 Bil PE Ratio: 5.75 PB Ratio: 0.90 GF Score: 66/100
Back to the Transcripts List

Q2 2025 Canara Bank Ltd Earnings Call Transcript

Oct 29, 2024 / 10:30 AM GMT
Release Date Price: ₹103.7 (+3.03%)

Key Points

Positve
  • Canara Bank (BOM:532483) reported a net profit increase of 11.31% year-on-year, surpassing the quarterly net profit mark of 4,000 crores for the first time.
  • The bank's global business grew by 9.42%, with global deposits and advances increasing by 9.34% and 9.53% respectively.
  • The gross NPA ratio improved, decreasing from 4.14% in the previous quarter to 3.73%, indicating better asset quality.
  • The bank's credit growth was led by the RAM sector, with retail credit growing at 31.27% and housing loans crossing the one lakh crore mark.
  • Canara Bank's return on equity was maintained at a strong 20.44%, exceeding the guidance of 18%.
Negative
  • The net interest margin (NIM) slightly decreased from 2.9% to 2.88%, reflecting pressure on margins despite efficient resource management.
  • The cost of deposits remains high at 5.7%, partly due to a lower CASA ratio of 31%, which is higher than peer banks.
  • The bank's credit cost increased from 0.92% to 0.97% quarter-on-quarter, although it remains below the guidance of 1.10%.
  • There is a significant exposure to a steel sector account in SMA-2, contributing to rising SMA levels.
  • The unsecured personal loan portfolio, although controlled, includes a substantial portion of educational loans, which could pose a risk if not managed properly.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CNBK.NS - Canara Bank Ltd
Q2 2025 Canara Bank Ltd Earnings Call
Oct 29, 2024 / 10:30AM GMT

=====================
Conference Call Participants
=====================
* Mona Khetan
Dolat Capital Market Pvt Ltd. - Analyst

=====================
Presentation
--------------------------------------------------------------------------------
Operator [1]
--------------------------------------------------------------------------------
Good evening, everyone. We welcome you all to the two QF 525 earnings web call of Canada.

Thank you for giving us this opportunity to host the call today today with us. We have Mr Satya and Raju sir MD NCO sir Mr David, she Mukherjee, executive director, Mr Sok Chandra, executive director, Mr Hardeep Singh Alua exude director and Mr Bhavin Kumar director along with other senior members of the team without any further ado I hand over the call to MD sir for his opening remarks post which we'll open the floor for question and. Answers.

-----------------------------------------
Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.