X

Canara Bank Q1FY24; 71% rise in Profits.

Canara Bank was founded in 1906 in Mangalore. Its segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations. It has completed over a century in the industry and occupies a premier position in the comity of Indian banks.

Financial Results:

Canara Bank reported Revenues for Q1FY24 of ₹25,451.00 Crores up from ₹18,537.00 Crore year on year, a rise of 37.3%.

Total Expenses for Q1FY24 of ₹27,327.00 Crores up from ₹20,778.00 Crores year on year, a rise of 31.52%.

Consolidated Net Profit of ₹3,755.00 Crores up 71.23% from ₹2,193.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹20.61, up 71.46% from ₹12.02 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Banking
Related Post