Categories AlphaGraphs, Earnings

Canara Bank Q2FY24; 40% 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 Q2FY24 of ₹27,290.00 Crores up from ₹20,482.00 Crore year on year, a rise of 33.24%.

Total Expenses for Q2FY24 of ₹28,793.00 Crores up from ₹24,007.00 Crores year on year, a rise of 19.94%.

Consolidated Net Profit of ₹3,829.00 Crores up 40.26% from ₹2,730.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹20.93, up 40.38% from ₹14.91 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.

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