Canara Bank jumps on reporting 79% rise in Q3 consolidated net profit
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Canara Bank is currently trading at Rs. 322.50, up by 3.60 points or 1.13% from its previous closing of Rs. 318.90 on the BSE.
The scrip opened at Rs. 322.40 and has touched a high and low of Rs. 326.50 and Rs. 319.60 respectively. So far 328584 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 341.60 on 03-Jan-2023 and a 52 week low of Rs. 171.70 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 328.00 and Rs. 312.10 respectively. The current market cap of the company is Rs. 58832.24 crore.
The promoters holding in the company stood at 62.93%, while Institutions and Non-Institutions held 25.34% and 11.72% respectively.
Canara Bank has reported results for third quarter ended December 31, 2022.
The bank has reported rise of 91.83% in its net profit at Rs 2881.52 crore for Q3FY23 as compared to Rs 1,502.12 crore for the corresponding quarter previous year. Total income of the bank increased by 23.02% to Rs 26,217.86 crore for the quarter under review as compared to Rs 21,312.27 crore for the same quarter in the previous year.
On the consolidated basis, the bank has reported rise of 79.26% in its net profit at Rs 2,923.16 crore for Q3FY23 as compared to Rs 1,630.68 crore for the same quarter in the previous year. Total income of the bank increased by 24.05% to Rs 28,338.08 crore for the quarter under review as compared to Rs 22,843.51 crore for the same quarter in the previous year.
