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DCB Bank Ltd - Financial Highlights for FY 2019

Posted On: 2019-04-18 15:06:11


The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in Mumbai on April 18, 2019, took on record the audited financial results of the Fourth Quarter (Q4 FY 2019) and the Year ended March 31, 2019 (FY 2019).

Q4 FY 2019 Highlights:

a) The Bank's Profit After Tax was at INR 96 Cr. in Q4 FY 2019 as against INR 64 Cr. in Q4 FY 2018, an increase of 50%.

b) Profit Before Tax was at INR 151 Cr. in Q4 FY 2019 a stable growth as against INR 103 Cr. in Q4 FY 2018, an increase of 46%.

c) Operating Profit of INR 185 Cr .. over INR 142 Cr. for the same period as compared to last year.

d) The Bank earned Net Interest Income of INR 301 Cr. as against INR 264 Cr. as compared to last year.

e) Non-Interest Income of INR 99 Cr. against INR 85 Cr. for the same period as compared to last year.

f) As compared to 04 FY 2018, Cost Income Ratio has improved from 59.38% to 53.71% (by 5.67%).

g) Return on Equity (Annualised) was at 13.69% in Q4 FY 2019 as compared to 10.20% in Q4 FY 2019 and 12.64% in Q3FY 2019.

h) Net Advances grew to INR 23,568 Cr. as on March 31, 2019 from INR 20,337 Cr. as on March 31, 2018 a growth rate of 16%.

i) As on March 31, 2019, the Bank grew Deposits by 18% to INR 28,435 Cr. Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Bank.

j) CASA ratio stood at 23.95% as on March 31, 2019 as against 24.33% as on March 31, 2018, Savings Accounts year on year growth rate was 24%.

k) Gross NPA ratio stood at 1.84% as on March 31, 2019 as compared to 1.79% as on March 31, 2018.

I) Net NPA ratio stood at 0.65% as on March 31, 2019 as compared to 0.72% as on March 31, 2018.

m) Capital Adequacy Ratio (CAR) remained strong at 16.81% as on March 31, 2019 with Tier I at 13.10% and Tier II at 3. 71 % as per Basel III norms.

n) As of March 31, 2019 the Net Restructured Standard Advances was approximately INR 21 Cr.

o) The Bank's branch network stood at 333 branches as on March 31, 2019.

FY 2019 Highlights:

a) The Bank's Profit After Tax was at INR 325 Cr. in FY 2019 as against INR 245 Cr. in FY 2018, an increase of 33%.

b) Profit Before Tax was at INR 507 Cr. in FY 2019 as against INR 386 Cr. in FY 2018, an increase of 31%.

c) Operating Profit of INR 647 Cr. over INR 525 Cr. for the same period as compared to last year.

d) The Bank earned Net Interest Income of INR 1,149 Cr. as against INR 995 Cr. as compared to last year.

e) Non-Interest Income of INR 350 Cr. against INR 310 Cr. for the same period as compared to last year.

f) As compared to FY 2018, Cost Income Ratio has improved from 59.79% to 56.88% (by 2.91%).

g) Return on Equity was at 12.08% in FY 2019 as compared to 10.31% in FY 2018.

h) Net Interest Margin for FY 2019 stands at 3.83% as against 4.16% for FY 2018.

i) As on March 31, 2019, Bank had refinance from NABARD, NHB and SIDBI of INR 2,017 Cr as against INR 1,240 Cr in FY 2018.

Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, "Our aim is to deliver measured and balanced growth while focusing on steady improvement in Cost to Income Ratio, Return on Assets and Return on Equity. We are succeeding in our efforts to improve productivity and capital utilization and the same is reflected in our performance".

Shares of DCB Bank Limited was last trading in BSE at Rs.202.05 as compared to the previous close of Rs. 192.4. The total number of shares traded during the day was 237434 in over 1630 trades.

The stock hit an intraday high of Rs. 203.7 and intraday low of 190.55. The net turnover during the day was Rs. 47087169.


Source: Equity Bulls

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