Canara B's Q1 FY 2026-27 Quarterly Results

Result Summary

• Canara Bank reported a 8.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 4.2%.
• Its expenses for the quarter were up by 3.8% QoQ and down 5.3% YoY.
• The net profit increased 13.3% QoQ and increased 60.3% YoY.
• The earnings per share (EPS) of Canara Bank stood at 5.71 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Canara Bank is one of India's major public sector banks, known for offering a wide array of financial services. Its product portfolio includes personal banking, corporate banking, NRI banking, and priority sector banking. The bank is also involved in various subsidiary activities, including asset management and insurance. As a key player in the Indian banking sector, Canara Bank has a significant presence across the country with numerous branches and a strong customer base. Recent major developments within the bank or the industry are not available in the provided data.

Revenue

For the quarter ending Q1FY27, Canara Bank reported a total income of ₹39,695.71 crores. This represents an 8.6% increase when compared to the previous quarter, Q4FY26, where the total income was ₹36,538.61 crores. However, on a year-over-year basis, there was a decline of 4.2% from Q1FY26's figure of ₹41,441.51 crores. The sequential growth in revenue indicates a positive quarterly momentum, whereas the yearly decline reflects a contrasting trend when compared to the previous year's equivalent period.

Profitability

In terms of profitability, Canara Bank achieved a profit before tax of ₹6,566.89 crores in Q1FY27, which marks a 16.4% increase over the previous quarter's ₹5,643.76 crores. Year-over-year, the profit before tax rose by 4.1% from Q1FY26's ₹6,308.35 crores. The profit after tax for Q1FY27 was ₹5,182.06 crores, indicating a growth of 13.3% over Q4FY26's ₹4,575.11 crores and a significant yearly growth of 60.3% from Q1FY26's ₹3,232.65 crores. The earnings per share (EPS) also reflected this growth trend, increasing to ₹5.71 in Q1FY27, up from ₹5.04 in Q4FY26 and ₹3.52 in Q1FY26, marking increases of 13.3% QoQ and 62.2% YoY, respectively.

Operating Metrics

The total expenses for Canara Bank in Q1FY27 were ₹31,048.77 crores, representing a 3.8% increase from the previous quarter's ₹29,902.73 crores and a 5.3% decrease from the previous year's ₹32,774.20 crores. Provisions and contingencies saw a significant jump of 109.7% QoQ, rising from ₹992.12 crores in Q4FY26 to ₹2,080.05 crores in Q1FY27, although they decreased by 11.8% YoY from ₹2,358.96 crores in Q1FY26. The tax expense for Q1FY27 was ₹1,702.81 crores, up 34.8% from the previous quarter's ₹1,262.98 crores, and up 15.7% from the previous year's ₹1,472.14 crores. These financial metrics reflect the bank's operational adjustments and financial structuring within the analyzed periods.