Gross non-performing assets (GNPA) for the quarter stood at 9.4% up 551 bps yoy and 356 bps qoq. Provisions at Rs.6,331.54crore were higher 527.15% yoy and 343.12% qoq.
For the year ended March 31, 2016, the bank reported net loss of Rs. 2,812.82crore as compared to net profit of Rs. 2,702.63 crore in the corresponding period of the previous year. It's NII for the current period of Rs. 9,763.36 crore was up 1.03% yoy.
Provisions during the period at Rs. 10,332.43 crore were higher by 199.25% yoy.
Result Highlights: (Rs. in crore)
|Reported Results||IIFL Estimates||Variance (%)|
|Standalone Net Profit||-3905.49||146||N/A|
Bloomberg estimated the company’s standalone net profit at Rs. 1,887.78 crore.
Canara Bank is currently trading at Rs. 190.35, down by 8.4 points or 4.23% from its previous closing of Rs. 198.75 on the BSE.
The scrip opened at Rs. 197 and has touched a high and low of Rs. 203.1 and Rs. 185.7 respectively. So far 4365554(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 10791.95 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 359.85 on 18-Aug-2015 and a 52 week low of Rs. 156.2 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 200.4 and Rs. 178.2 respectively.
The promoters holding in the company stood at 66.3 % while Institutions and Non-Institutions held 25.7 % and 8 % respectively.
The stock is currently trading above its 200 DMA.