Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

DCB Bank Ltd reports Rs. 82.29 crore net profit in Q2FY21

Posted On: 2020-10-31 07:25:45 (Time Zone: Arizona, USA)


DCB Bank Limited has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.970.98 crores during the period ended September 30, 2020 as compared to Rs.950.70 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.82.29 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.79.38 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.63 for the period ended September 30, 2020 as compared to Rs.2.53 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 970.98 crs₹ 950.70 crsUp Tick 2.13%
Net Profit₹ 82.29 crs₹ 79.38 crsUp Tick 3.67%
EPS₹ 2.63₹ 2.53Up Tick 3.95%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.970.98 crores during the period ended September 30, 2020 as compared to Rs.980.59 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.82.29 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.91.41 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.2.63 for the period ended September 30, 2020 as compared to Rs.2.90 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 970.98 crs₹ 980.59 crsDown Tick -0.98%
Net Profit₹ 82.29 crs₹ 91.41 crsDown Tick -9.98%
EPS₹ 2.63₹ 2.90Down Tick -9.31%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1921.68 crores during the 6 months period ended September 30, 2020 as compared to Rs.1925.05 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.161.67 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.172.47 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.5.17 for the 6 months period ended September 30, 2020 as compared to Rs.5.47 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 1921.68 crs₹ 1925.05 crsDown Tick -0.18%
Net Profit₹ 161.67 crs₹ 172.47 crsDown Tick -6.26%
EPS₹ 5.17₹5.47Down Tick -5.48%

Capital Adequacy continues to be strong and as on September 30, 2020 the Capital Adequacy Ratio was at 18.28% (with Tier I at 14.22% and Tier II at 4.06% as per Basel III norms).

Since the past 2 years, the Bank has been steadily growing Retail Term Deposits (deposit less than INR 2 Cr.) and reducing Bulk Deposits. As on September 30, 2020, the top 20 deposits stood at 7.89%. In comparison to Q2 FY 2020, the Bank grew its Retail Term Deposits by 33%. For the past many months, the Bank has been intentionally reducing Bulk and Interbank Deposits. During Q2 FY 2021, Inter Bank Term Deposit at INR 2,857 Cr. reduced by 29% as compared to INR 4,052 Cr. as at March 31, 2020. The Certificate of Deposits as on September 30, 2020 was zero.

Advances were at INR 24,879 Cr. as on September 30, 2020. Home Loans grew by 12%, Gold Loans by 62%, Agri & Inclusive Banking by 6%.

In Q2 FY 2021, the Bank disbursed INR 1,811 Cr. (Corporate Banking INR 460 Cr., Agri & Inclusive Banking INR 405 Cr., Gold Loan INR 402 Cr., Mortgage INR 271 Cr., SME/MSME INR 150 Cr.)

The Bank's Corporate portfolio was at 10% as on September 30, 2020.

The top 20 exposures of the Bank were at 5.17% as on September 30, 2020. This is one of the lowest in the industry. Further, the Advances at ticket size of INR 3 Cr. and below, constitute approximately 85% of the total Advances as on September 30, 2020. This is one of the most granular portfolios in the industry.

The Gross NPA as on September 30, 2020 was at 2.27% and Net NPA was at 0.83% (the Gross NPA as on June 30, 2020 was at 2.44% and Net NPA was at 0.99%).

If the Bank had classified borrowers accounts as NPA (INR 29 Cr.) after August 31, 2020 the Bank's Gross NPA Ratio and net NPA Ratio would have been 2.39% and 0.92% respectively.

The Provision Coverage Ratio as on September 30, 2020 was at 79.06%

Speaking on the Q1 FY 2021 results Mr. Murali M. Natrajan, Managing Director & CEO said, "We expect step by step improvement in Collections Efficiency in the coming months. We believe ECLGS is an excellent scheme that is likely to help bridge the gap in working capital and immediate financial obligations especially for smaller self-employed entities. New loan momentum is picking up and our aim is to achieve monthly volumes similar to pre-Covid-l9 between March 2021 to May 2021".

Shares of DCB Bank Limited was last trading in BSE at Rs.78.05 as compared to the previous close of Rs. 77. The total number of shares traded during the day was 78947 in over 1430 trades.

The stock hit an intraday high of Rs. 78.55 and intraday low of 75.75. The net turnover during the day was Rs. 6088028.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Ircon International Ltd cancels tender awarded to H G Infra Engineering ltd

Central Bank of UAE imposes sanction of Rs. 13.56 crores approx. on Bank of Baroda, GCC Operations

Sangam Renewables Ltd bags multiple solar power EPC projects

IndiGo sends heartfelt gesture to 5000 nominated frontline workers under Tough Cookie campaign

Aarnav Fashions Ltd Q3 net profit at Rs. 0.85 crore

Ganesha Ecosphere Ltd reports Rs. 20.10 crore consolidated PAT in Q3 FY2020-21

RPG Life Sciences Ltd posts higher PAT of Rs. 12.87 crore in Q3FY21

Datamatics wins the Market Research Society of India (MRSI) Golden Key Awards 2020

CRISIL reaffirms ratings of Vardhman Special Steels Limited, revises outlook

UCO Bank announces Financial Results for the Quarter Ended 31st December 2020

Dr. Lalit Kanodia Laureate Award for Technological Excellence 2020 awarded to VTION

Dr. Agarwals Eye Hospital Ltd reports PAT of Rs. 4.43 crore in Q3FY21

Wipro appoints Douglas Silva as Country Head for Brazil

Precision Camshafts Limited receives award from the IPF Industrial Excellence Forum 2021

L&T Q3FY21 consolidated PAT at Rs. 2466.71 crore

ICICI Securities Ltd posts Rs. 267.02 crore consolidated PAT in Q3 FY2020-21

Benares Hotels Ltd Q3 PAT at Rs. 0.54 crore

Navin Fluorine International Ltd Q3FY21 consolidated PAT at Rs. 56.44 crore

CG-VAK Software & Exports Ltd Q3FY21 consolidated PAT climbs to Rs. 1.74 crore

TCS' AI-powered Merchandise Optimization Suite Optumera™ Honored by AIconics Awards

KIFS Financial Services Ltd Q3FY21 PAT at Rs. 0.40 crore

Astec LifeSciences Ltd Q3 consolidated PAT slides to Rs. 7.05 crore

Agro Tech Foods Limited restarts commercial production

CARE maintains rating of TGV SRAAC Ltd

Mahindra Holidays & Resorts India Limited announces results for the quarter ended 31stDecember 2020

Can Fin Homes Ltd Q3 FY2020-21 net profit up at Rs. 131.91 crore

Genus Paper & Boards Ltd Q3FY21 net profit at Rs. 4.15 crore

Chennai Petroleum Corporation Ltd Q3FY21 consolidated loss at Rs. 546.41 crore

Sharda Cropchem Ltd Q3FY21 consolidated PAT jumps to Rs. 48.30 crore

Natural Capsules Ltd reports consolidated PAT of Rs. 1.62 crore in Q3FY21

TGV Sraac Ltd reports lower Q3FY21 net profit of Rs. 9.85 crore

Aarti Drugs Ltd Q3FY21 consolidated PAT drops QoQ to Rs. 68.04 crore

Lakshmi Electrical Control Systems Ltd Q3FY21 net profit at Rs. 0.0875 crore

PG Electroplast Ltd Q3FY21 net profit rises to Rs. 6.49 crore

Kirloskar Ferrous Industries Ltd Q3 net profit jumps to Rs. 118.32 crore

Stylam Industries Ltd reports Rs. 12.46 crore consolidated PAT in Q3FY21

Vinyl Chemicals India Ltd posts Rs. 4.83 crore PAT in Q3 FY2020-21

APL Apollo Tubes Ltd Q3FY21 consolidated PAT higher at Rs. 132.04 crore

Thomas Cook India inks strategic agreement with Destination Maldives

PNC Infratech Limited receives LOAs for Six New Rural Drinking Water Supply Projects on EPC mode for an aggregate value of Rs. 2475.00 crore

Arihant Capital Markets Ltd posts consolidated PAT of Rs. 8.94 crore in Q3FY21

Kotak Mahindra Bank posts Rs. 2575.74 crores consolidated PAT in Q3 FY2020-21

Shri Jagdamba Polymers Ltd Q3 net profit jumps to Rs. 11.35 crore

UCO Bank Q3FY21 PAT at Rs. 35.44 crore

DCW Limited board approves fund raising through warrants

Lupin Receives approval for Sevelamer Carbonate Tablets

Strides receives USFDA approval for Ursodiol Capsules

Kiri Industries Limited starts commercial production of Specialty Intermediates at Vadodara Palnt

Bannari Amman Spinning Mills Ltd board approves stock split, CDR

Padget Electronics to commence manufacturing of Nokia smartphones as HMD Global's manufacturing partners



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020