Canara Bank shares jump over 5 pc after Q1 earnings

New Delhi, Jul 24 (PTI) Shares of state-owned Canara Bank on Thursday jumped more than 5 per cent after the firm posted a 22 per cent growth in net profit during the first quarter of the current fiscal.

The stock climbed 5.29 per cent to Rs 113.50 apiece on the BSE. During the day, it surged 5.75 per cent to Rs 114.

On the NSE, it jumped 5.29 per cent to Rs 113.51 a share.

Canara Bank on Thursday posted a 22 per cent growth in net profit to Rs 4,752 crore during the first quarter of the current financial year.

The Bengaluru-based bank had earned a net profit of Rs 3,905 crore in the same quarter of the preceding fiscal.

The total income rose to Rs 38,063 crore during the June quarter of 2025-26, from Rs 34,020 crore in the same quarter of FY25, Canara Bank said in a regulatory filing.

Interest earned by the bank improved to Rs 31,003 crore, as compared to Rs 28,701 crore in the June quarter of FY25.

During the period under review, its operating profit increased to Rs 8,554 crore, as compared to Rs 7,616 crore in the same quarter a year ago.

The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.69 per cent of gross advances at the end of the June quarter, from 4.14 per cent a year ago.

Similarly, net NPAs, or bad loans, declined to 0.63 per cent, as against 1.24 per cent in the year-ago period. PTI SUM SUM SHW