Q1 2026 Canara Bank Ltd Earnings Call Transcript
Key Points
- Canara Bank (BOM:532483) reported a strong year-on-year growth in global business at 11%, reaching an all-time high of INR2.63 lakh crore.
- The bank's operating profit grew by 12.32% year-on-year, reaching an all-time high of INR8,554 crore.
- Net profit increased by 21.69% year-on-year, amounting to INR4,752 crore.
- The bank's gross NPA ratio improved, declining by 145 basis points year-on-year to 2.69%.
- Retail credit growth was robust at 34% year-on-year, driven by strong performance in the housing loan sector and vehicle loans.
- Net Interest Margin (NIM) declined by 17 basis points in the first quarter, with expectations of further pressure in the upcoming quarters.
- The bank's CASA ratio fell below 30% for the first time in several quarters, indicating challenges in maintaining low-cost deposits.
- There is uncertainty regarding future rate cuts, which could further impact margins and profitability.
- The bank's cost of funds remains relatively high due to a lower CASA ratio compared to peers.
- There is a potential risk of further slippage in margins if additional rate cuts occur, as the bank may not be able to immediately pass on the reduced rates to depositors.
Good evening, everyone. Welcome to Canara Bank Q1 FY26 earnings conference call, hosted by Antique Stockbroking. From the management side, we have with us Shri Raju, MD and CEO sir; Shri Hardeep Singh-Ahluwalia, Executive Director; Shri Bhavendra Kumar, Executive Director; and Shri S K Majumda, Executive Director.
With this, I hand over the call to the MD sir for his opening remarks. Thank you, and over to you.
Good evening, all the investors who are as attended this analyst and all. I'm here to present the 1 more quarter results. That's June 2025. Our global business has grown at 11% and the year-on-year growth of 11% and stood at all-time high of INR2.63 lakh crore. Our deposits have grown at 10%, that is a INR14.67 lakh crore, and global advances have grown 12.42% near to the [12.5%], stood at INR10.9 lakh crores.
Enter the top whatever the top line, what we have promised in the May month, we have given the guidance for this financial year,
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
