Canara Bank Q3 results miss estimates, shares drop 5%
after close1 source ↓written by the desknot a recommendation
- YoY
- 1.1%
- YoY
- ₹9,252 cr
- below estimates
- ₹9,453 cr
- increased
- 25.6%
- ₹5,155 cr
Shares of Canara Bank fell up to 5.5% following its Q3 results, with Net Interest Income (NII) rising only 1.1% YoY to ₹9,252 cr, below estimates of ₹9,453 cr. Although net profit increased 25.6% to ₹5,155 cr, this was driven by a 36% rise in other income. Asset quality improved, with Gross NPAs at 2.08%.
Not investment advice. For informational purposes only.