The Board of Directors of DCB Bank Ltd. (SSE: 532772; NSE: DCB) at its meeting in Mumbai on July 16, 2019, took on record the limited reviewed financial results of the first quarter (Q1 FY 2020).
Q1 FY 2020 Highlights:
a) The Bank's Profit After Tax was at INR 81 Cr. in Q1 FY 2020 as against INR 70 Cr. in Q1 FY 2019.
b) Profit Before Tax was at INR 126 Cr. in Q1FY 2020 a stable growth as against INR 108 Cr. in Q1FY 2019.
c) Operating Profit of INR 167 Cr. over INR 141 Cr. for the same period as compared to last year.
d) The Bank earned Net Interest Income of INR 305 Cr. as against INR 273 Cr. for the same period as compared to last year.
e) Non-Interest Income of INR 87 Cr. against INR 83 Cr. for the same period as compared to last year.
f) As compared to Q1 FY 2019, Cost Income Ratio has improved from 60.25% to 57.46% (by 2.79%).
g) Return on Equity (Annualised) was at 11.17% in Q1 FY ,2020 as compared to 10.75% in Q1 FY 2019.
h) Net Advances (excluding Corporate Banking) grew to INR 21,006 Cr. as on June 30, 2019 from INR 17,663 Cr. as on June 30, 2018 a growth rate of 19%.
i) Net Advances (including Corporate Banking) grew to INR 24,044 Cr. as on June 30, 2019 from INR 21,243 Cr. as on June 30, 2018 a growth rate of 13%.
j) As on June 30, 2019, the Bank grew Deposits by 15% to INR 28,789 Cr. Customer Term Deposits grew by 31% and Customer Deposits grew by 26%.
k) Total Deposit from top 20 depositors reduced to 12.01% as at March 31, 2019 from 14.87% as at March 31, 2018. This ratio has further reduced to 10.13% as at June 30, 2019.
l) CASA ratio stood at 24.53% as on June 30, 2019 as against 24.63% as on June 30, 2018, with Savings Accounts year on year growth rate of 16%.
Shares of DCB Bank Limited was last trading in BSE at Rs.238.8 as compared to the previous close of Rs. 235.8. The total number of shares traded during the day was 246564 in over 1293 trades.
The stock hit an intraday high of Rs. 240 and intraday low of 236.1. The net turnover during the day was Rs. 58797287.