CANARA BANK Announces Quarterly Results (1QFY20); Net Profit Up 16.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

CANARA BANK Announces Quarterly Results (1QFY20); Net Profit Up 16.9%
Thu, 25 Jul

CANARA BANK has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

CANARA BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m113,596121,385122,0050.5%7.4%
Other incomeRs m18,32918,62018,6190.0%1.6%
Total revenuesRs m131,925140,004140,6240.4%6.6%
InterestRs m74,76786,38389,5993.7%19.8%
Gross Profit Rs m38,82935,00232,406-7.4%-16.5%
Other expensesRs m27,83023,88626,62511.5%-4.3%
Profit before taxRs m3,505-25,5005,40954.3%
TaxRs m690-19,9852,118207.0%
Profit after taxRs m2,815-5,5153,29116.9%
Gross profit margin %34.228.826.6
Effective tax rate%19.778.439.2
Net profit margin%2.5-4.52.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 7.4% on a year-on-year (YoY) basis. The interest expended was up by 19.8% YoY during the same period.
  • The bank's operating profit declined by 16.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.6% in 1QFY20 as against 34.2% in 1QFY19.
  • Other income increased by 1.6% YoY during the quarter.
  • Net profit for the quarter increased by 16.9% YoY. Net profit margins during the quarter increased from 2.5% in 1QFY19 to 2.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 3.7% QoQ during the same period.
  • The bank's operating profit declined by 7.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 26.6% in 1QFY20 as against 28.8% in 4QFY19.
  • Net profit for the quarter increased by 159.7% QoQ, while net profit margins increased from -4.5% in 4QFY19 to 2.7% in 1QFY20.

To see how CANARA BANK has performed over the last eight quarters,please visit here.

CANARA BANK Share Price Performance

Over the last one year,CANARA BANK share price has moved down from Rs 258.9 to Rs 241.2, registering a Loss of Rs 17.8 or around 6.9%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 32,907.4 (up 0.7%). Over the last one year it has moved up from 29,996.6 to 32,907.4, a gain of 2,911 points (up 9.7%).

Overall, the S&P BSE SENSEX is up 3.4% over the year.

Current Valuations

At the current price of Rs 241.2, the price to earnings (P/E) ratio of CANARA BANK stands at 29.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

Equitymaster requests your view! Post a comment on "CANARA BANK Announces Quarterly Results (1QFY20); Net Profit Up 16.9%". Click here!

  

Related Views on News

CANARA BANK Announces Quarterly Results (4QFY19); Net Profit Up 88.7% (Quarterly Result Update)

May 13, 2019 | Updated on May 13, 2019

For the quarter ended March 2019, CANARA BANK has posted a net profit of Rs 6 bn (up 88.7% YoY). Sales on the other hand came in at Rs 121 bn (up 18.7% YoY). Read on for a complete analysis of CANARA BANK's quarterly results.

CANARA BANK Announces Quarterly Results (3QFY19); Net Profit Up 152.5% (Quarterly Result Update)

Jan 29, 2019 | Updated on Jan 29, 2019

For the quarter ended December 2018, CANARA BANK has posted a net profit of Rs 3 bn (up 152.5% YoY). Sales on the other hand came in at Rs 122 bn (up 13.1% YoY). Read on for a complete analysis of CANARA BANK's quarterly results.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

Rebound Riches Could be Yours With These Stocks(Profit Hunter)

Oct 4, 2019

The secret to multibagger is not big businesses, but great managements... Here's how to find them to make the most of once in a decade rebound opportunity.

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

CANARA BANK SHARE PRICE


Oct 16, 2019 (Close)

TRACK CANARA BANK

  • Track your investment in CANARA BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

CANARA BANK - DEUTSCHE BANK COMPARISON

COMPARE CANARA BANK WITH

MARKET STATS