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





Other Headlines:

Sicagen India Ltd board to consider Q3 results on Feb 13, 2019

Delhi Airport Metro Express updates on arbitration award

SPML Infra Limited board to announce third quarter results on Feb 8, 2019

ITI Limited signs contract with Gujarat Fibre Grid Network Ltd

Swaraj Automotives Ltd board to announce third quarter results on Feb 1, 2019

HDFC Bank announces Q3 FY19 results

JK Agri Genetics Ltd board to announce Q3 results on Jan 30, 2019

K P R Mill Ltd board to consider Q3FY19 results on Jan 28, 2019

Paramount Communications Ltd board to approve 3rd quarter results on Feb 1, 2019

Sutlej Textiles and Industries Ltd board to announce third quarter results on Feb 5, 2019

PSP Projects Ltd receives new work orders worth Rs. 572.17 crores

Sarla Performance Fibers Ltd calls for board meeting on Feb 1, 2019

Bliss GVS Pharma Ltd board to consider Q3FY19 results on Jan 29, 2019

HDFC Bank appoints Mr. Sandeep Parekh as additional independent director

Governance Award for BEML

Munjal Showa Ltd board to approve quarterly results on Feb 4, 2019

IP Rings Ltd board to announce 3rd quarter results on Feb 1, 2019

Dwarikesh Sugar Industries Ltd board to announce Q3 results on Feb 2, 2019

SEBI asks Larsen & Toubro Ltd not to proceed with buyback

HDFC Bank Ltd Q3 net profit rises to Rs. 5585.85 crores

ARO Granite Industries Ltd Q3 PAT soars to Rs. 4.16 crore

Hindustan Oil Exploration Company Ltd posts jump in Q3 PAT to Rs. 34.81 crores

South Indian Bank Ltd Q3 net profit drops to Rs. 83.85 crores

Nava Bharat Ventures Ltd board to announce Q3 results on Feb 7, 2019

Freshtrop Fruits Ltd board to approve 3rd quarter results on Jan 29, 2019

Gujarat Intrux Ltd board to approve quarterly results on Jan 29, 2019

Maithan Alloys Ltd board to announce Q3 results on Jan 28, 2019

Sri Ramakrishna Mills Coimbatore Ltd calls for board meeting on Feb 13, 2019

PVR Cinemas and BookMyShow celebrate the second successful year of VKAAO

SPML Infra Ltd's Chairman received Economic Times Most Promising Business Leaders of Asia 2018 Award

DCM Shriram Industries Ltd board to approve third quarter results on Feb 2, 2019

Machino Plastics Ltd calls for board meeting on Jan 30, 2019

Honda SIEL Power Products Ltd board to announce 3rd quarter results on Feb 6, 2019

Precision Camshafts Ltd board to consider Q3 results on Feb 7, 2019

Vascon Engineers Ltd to raise Rs. 110 crores through NCD issue

Healthcare Global Enterprises Limited calls for board meeting on Feb 7, 2019

Welspun Enterprises Ltd board to consider third quarter result son Jan 29, 2019

RBI approves appointment of V Vaidyanathan as MD & CEO of IDFC First Bank Ltd

International Combustion India Ltd calls for board meeting on Feb 8, 2019

Gujarat Hotels Ltd board to approve third quarter results on Jan 30, 2019

Thangamayil Jewellery Ltd board to announce Q3FY19 results on Feb 8, 2019

Vesuvius India Ltd board to consider Q4, CY18 results on Feb 28, 2019

Rossell India Ltd board to announce 3rd quarter results on Feb 5, 2019

Entertainment Network India Ltd board to approve third quarter results on Feb 6, 2019

CEAT Ltd board to consider Q3 results on Jan 28, 2019

Minda Industries Ltd issues CP of Rs. 30 crore

Zee Learn Limited continues strong growth momentum in Q3 FY19

ICICI Lombard General Insurance Company Ltd announces Q3 results for FY2018-19

SBI Life Insurance Company Ltd announces Q3FY19 results

Omax Autos Ltd reports Q3 PAT of Rs. 1.57 crore







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

disclaimer copyright © 2005 - 2019