*Canara Bank* disclosed a phenomenal rise in standalone net profit for the
quarter ended December 2008 due to better topline figures.
During the quarter, the profit of the company rose 52.89% to Rs 7,015
million from Rs 4,588.30 million in the same quarter previous year on better
top line.
Interest earned for the quarter rose 30.29% to Rs 46,254.40 million, while
total income for the quarter rose 31.40% to Rs 53,829.00 million, when
compared with the prior year period.
During the quarter, the company reported earnings of Rs 17.11 a share,
registering increase of 52.90% over the same quarter previous year.
*Quarterly Results - Standalone (Rs in mn)*
*As at*
*Dec - 08*
*Dec - 07*
*%Change*
*Interest Income*
46,254.40
35,501.60
30.29
*Net Profit*
7,015.00
4,588.30
52.89
*Basic EPS*
17.11
11.19
52.90
B.Karthick
Research Analyst
www.kences1training.blogspot.com
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