The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in Mumbai on October 19, 2019, took on record the limited reviewed financial results of the second quarter (Q2 FY 2020).
Q2 FY 2020 Highlights:
a) The Bank's Profit After Tax was at INR 91 Cr. in Q2 FY 2020 as against INR 73 Cr. in Q2 FY 2019.
b) Profit Before Tax was at INR 141 Cr. in Q2FY 2020 a stable growth as against INR 114 Cr. in Q2FY 2019.
c) Operating Profit of INR 185 Cr. over INR 146 Cr. for the same period as compared to last year.
d) The Bank earned Net Interest Income of INR 313 Cr. as against INR 282 Cr. for the same period as compared to last year.
e) Non-Interest Income of INR 101Cr. against INR 73 Cr. for the same period as compared to last year.
f) As compared to Q2 FY 2019, Cost Income Ratio has improved from 58.88% to 55.51% (by 3.37%).
g) Return on Equity (Annualized) was at 12.34% in Q2 FY 2020 as compared to 11.13% in Q2 FY 2019.
h) As on September 30, 2019, the Bank grew Deposits by 12% to INR 29,363 Cr. Customer Term Deposits grew by 29% and overall Customer Deposits grew by 23%.
i) Total Deposit from Top 20 depositors as on September 30, 2019 further reduced to 8.97% as compared to 12.01 % as at March 31, 2019 and 14.78% as at September 30, 2018.
j) Net Advances (excluding Corporate Banking) grew to INR 21,747 Cr. as on September 30, 2019 from INR 18,672 Cr. as on September 30, 2018 a growth rate of 16%.
k) Net Advances (including Corporate Banking) grew to INR 24,798 Cr. as on September 30, 2019 from INR 22,069 Cr. as on September 30, 2018 a growth rate of 12%.
l) CASA ratio stood at 23.24% as on September 30, 2019 as against 24.30% as on September 30, 2018.
m) Net Interest Margin for Q2 FY 2020 was 3.67% same as Q1 FY 2020
n) Gross NPA ratio stood at 2.09% as on September 30, 2019 as compared to 1.84% as on September 30, 2018 and 1.96% as on June 30, 2019.
o) Net NPA ratio remained at 0.96% as on September 30, 2019 as compared to 0.70% as on September 30, 2018 and 0.81% as on June 30, 2019.
p) Capital Adequacy Ratio (CAR) was strong at 16.16% as on September 30, 2019 with Tier I at 12.58% and Tier II at 3.58% as per Basel Ill norms.
q) As of September 30, 2019 the Net Restructured Standard Advances was approximately INR 40 Cr.
r) The Bank had at 334 branches as on September 30, 2019.
Speaking on the Q2 FY 2020 results Mr. Murali M. Natrajan, Managing Director & CEO said, "Our deposit profile shows steady growth in small ticket retail segment. The Bank's NIM is stable. The current level of economic activity is poses a challenge, both for growth opportunities as well as NPA. However, given our secured granular loan portfolio, the recovery and upgrade pipeline is good which helps control the overall NPAs."
Shares of DCB Bank Limited was last trading in BSE at Rs.181.3 as compared to the previous close of Rs. 181.15. The total number of shares traded during the day was 28994 in over 381 trades.
The stock hit an intraday high of Rs. 182.75 and intraday low of 180.7. The net turnover during the day was Rs. 5268489.