Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

DCB Bank announces Second Quarter FY 2019 Results

Posted On: 2018-10-18 18:28:52

The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in Mumbai on October 17, 2018, took on record the limited reviewed financial results of the second quarter (Q2 FY 2019).

Q2 FY 2019 Highlights:

- The Bank's Profit After Tax was at INR 73 Cr. in Q2 FY 2019 as against INR 59 Cr. in Q2 FY 2018, an increase of 25%.

- Profit Before Tax was at INR 114 Cr. in Q2FY 2019 a stable growth as against INR 94 Cr. in Q2 FY 2018, an increase of 21%.

- Operating Profit of INR 146 Cr. over INR 124 Cr. for the same period as compared to last year.

- The Bank earned Net Interest Income of INR 282 Cr. as against INR 248 Cr. as compared to last year. Excluding one-offs in the previous year, Net Interest Income increased by 17%.

- Non-Interest Income of INR 73 Cr. against INR 65 Cr. for the same period as compared to last year. Core Fee Income grew by 17%.

- As compared to Q1 FY 2019, Cost Income Ratio has improved by 138 bps and stood at 58.88%.

- Return on Equity (Annualised) was at 11.13% in Q2FY 2019 as compared to 10.75% in Q1FY 2019 and 9.78% in 02FY 2018. Excluding one-offs of the previous year, both Cost Income Ratio and Return on Equity has improved as compared to previous year and last quarter.

- Net Advances grew to INR 22,069 Cr. as on September 30, 2018 from INR 17,395 Cr. as on September 30, 2017 a growth rate of 27%.

- As on September 30, 2018, the Bank grew Deposits by 27% to INR 26,169 Cr. Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Bank. Retail Deposits (including Agri and Inclusive Banking) were 75.30% of Total Deposits.

- CASA ratio stood at 24.30% as on September 30, 2018 as against 25.88% as on September 30, 2017, Savings Accounts year on year growth rate was 30%. k) Net Interest Margin tor 02 FY 2019 stands at 3.83% as against 4.22% for 02 FY 2018 and 3.90% for Q1 FY2019.

- Gross NPA ratio stood at 1.84% as on September 30, 2018 as compared to 1.86% as on June 30, 2018.

- Net NPA ratio dropped to 0.70% as on September 30, 2018 as compared to 0.72% as on June 30, 2018.

- Capital Adequacy Ratio (CAR) was at 15.57% as on September 30, 2018 with Tier I at 12.02% and Tier II at 3.55% as per Basel Ill norms.

- As of September 30, 2018 the Net Restructured Standard Advances was approximately INR 35 Cr.

- The Bank's branch network increased to 328 branches as on September 30, 2018.

Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, "We are satisfied with the progress achieved by the Bank. While continuing to achieve growth especially in Retail, MSME/SME and Agri & Inclusive Banking, strong focus on cost productivity is showing results. As of now, NPAs remain in control. We are steadily finding ways to improve capital efficiency. We are confident of delivering step-by-step improvement in Cost Income Ratio and Return on Equity while achieving growth.

Shares of DCB Bank Limited was last trading in BSE at Rs.160.4 as compared to the previous close of Rs. 168.15. The total number of shares traded during the day was 327073 in over 4421 trades.

The stock hit an intraday high of Rs. 173.35 and intraday low of 158.75. The net turnover during the day was Rs. 54694639.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Apollo Pipes concludes strategic acquisition of manufacturing unit in Bengaluru

Jindal Drilling & Industries Ltd's rig Discovery-1 comences operation

CRISIL BBB rating assigned to Umang Dairies Ltd

IMP Powers Ltd commissions small hydro power project in Kargil

Regenta & Royal Orchid Hotels announce launch plans for Three New Properties

Phillips Carbon Black unveils World's latest R&D Centre named after Sushila Goenka

Apollo Pipes Ltd to acquire assets of Kisan Mouldings Ltd's plant in Tumkur

Acuité Ratings & Research Limited reaffirms rating of Permanent Magnets Ltd

Integra Engineering India Ltd posts net profit of Rs. 1.69 crore in Q1 FY20

D B Corp Ltd Q1 PAT at Rs. 93.72 crore

BHEL wins Rs.750 Crore order for Emission Control System

Donimalai Iron Ore Mine of NMDC to Resume Operations

Colgate-Palmolive India Ltd Q1 net profit drops to Rs. 169.11 crores

RIL arm completes acquisition of 100% stake in Hamleys Global Holdings Limited

Hester Biosciences Ltd board to consider Q1 results on July 31, 2019

Zydus announces completion of enrollment in three Phase III trials of Saroglitazar Magnesium in NASH

Caplin Steriles gets USFDA approval for Tranexamic Acid Injection

Mindtree Named a Preferred Partner for Microsoft Azure Kubernetes Service

The Ramco Cements Ltd bags two awards

Kalyani Forge Ltd board to consider Q1 results on July 26, 2019

Gujarat Hotels Ltd announces resignation of Ms Devkanya Roy Choudhury

Oriental Foundry Private Ltd awarded approval for Prototype BOXHNL Wagons

L&T Hydrocarbon Engineering awarded Marjan Oil Increment EPCI project in Saudi Arabia

Wipro Ltd awaits nod from SEBI for buyback offer letter

SKM Egg Products Export India Ltd board to consider final dividend, Q1 results on July 31, 2019

CARE Ratings Limited dumps CEO pending resolution of complaint against him

USFDA classifies Torrent Pharmaceuticals Ltd's Dahej facility as OAI

Firstsource Solutions Ltd appoints Mr. Vipul Khanna as MD & CEO

Mindtree Ltd Q1 net profit falls to Rs. 92.7 crores

CARE Ratings reaffirms ratings of S Chand and Company Ltd

Allahabad Bank reports borrowal fraud of exposure in SEL Manufacturing Ltd

Ind-Ra downgrades rating of Eveready Industries India Ltd

Thomas Cook India honoured with 'India Travel Partner of the Year 2018' Award by SAP Concur

Confidence Petroleum India Ltd board to announce first quarter results on July 26, 2019

Excel Industries Ltd board to approve quarterly results on Aug 13, 2019

MPS Ltd board to consider Q1 results on July 24, 2019

Newgen Secures Patent for Automated Quality and Usability Assessment of Scanned Documents

DFM Foods Ltd posts PAT of Rs. 7.63 crore in Q1 FY20

Sudarshan Chemical Industries Ltd board to approve first quarter results on Aug 7, 2019

Alkyl Amines Chemicals Ltd calls for board meeting on Aug 6, 2019

Torrent Power Ltd board to consider 1st quarter results on Aug 5, 2019

Shoppers Stop Ltd board to approve Q1 results on July 30, 2019

YES Bank Ltd reports net profit of Rs. 95.56 crores in Q1 FY20

OIL sign contract for the blocks awarded under OALP Bids Round II & III

MAGGI Fusian Noodles Records Overwhelming Sales On Amazon Prime Days

WIPRO Ltd Q1 FY20 consolidated PAT up YoY at Rs. 2387.6 crores

Mahanagar Gas Ltd board to consider Q1 results on Aug 8, 2019

Insecticides India Ltd board to announce first quarter results on Aug 2, 2019

Khadim India Ltd board to approve 1st quarter results on Aug 6, 2019

NMDC Ltd announces production and sales for June 2019

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

disclaimer copyright © 2005 - 2019