Canara Bank Reports 10% Year-Over-Year Decline in Q4 2026 Profit to ₹4,506 Crore
Canara Bank Reports 10% Fall in Q4 Profit
Public sector lender Canara Bank on Monday, 11 May, reported a 10% year-on-year (YoY) fall in standalone profit to ₹4,505.57 crore for the March quarter of the financial year 2026 (Q4FY26). This decline is in contrast to the same quarter last year, where the PSU bank's profit stood at ₹5,002.66 crore.
Sequentially, or on a quarter-on-quarter (QoQ) basis, Canara Bank's profit declined by 12.6% from ₹5,155.11 crore in Q3FY26. Despite this decline, the bank's performance over the full financial year 2026 showed a positive trend.
For the full financial year 2026, Canara Bank's profit rose by 12.7% YoY to ₹19,186.67 crore, up from ₹17,026.67 crore in FY25. This growth indicates a steady improvement in the bank's financial health.
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In a related development, Canara Bank's board recommended a dividend of ₹4.20 per equity share of face value of ₹2 each for FY26. This decision reflects the bank's commitment to rewarding its shareholders.
Financial Performance Comparison (Q4FY26 vs. Q4FY25)
| Metric | Q4FY26 | Q4FY25 | % Change |
|---|---|---|---|
| Profit | ₹4,505.57 crore | ₹5,002.66 crore | -10% |
| Profit (QoQ) | ₹5,155.11 crore | - | -12.6% |
Note: The above table presents a comparison of Canara Bank's Q4FY26 and Q4FY25 financial performance.
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Investor Takeaway
Investors should be cautious about the decline in profit for Canara Bank.
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