Highlights of DCB Bank's FY2013 Results

- DCB Bank reported full year Net Profit of Rs. 102 Cr. in FY 2013 as against full year Net Profit of Rs. 55 Cr. in FY 2012. The Bank’s Net Profit for Q4 FY 2013 was Rs. 34 Cr. as against Net Profit of Rs. 17 Cr. in Q4 FY 2012.

- As on March 31, 2013, the Balance Sheet was at Rs. 11,279 Cr. as against Rs.8,677 Cr. as on March 31, 2012, a growth rate of 30%.

- Retail Deposits (Retail CASA and Retail Term Deposits) continued to provide a stable resource base to the Bank. Retail Deposits were at 77% of Total Deposits as on March 31, 2013.

- CASA ratio as on March 31, 2013 was at 27.2% as against 32.1% as on March 31, 2012.

- Net Advances grew to Rs. 6,586 Cr. as on March 31, 2013 from Rs. 5,284 Cr. as on March 31, 2012 a growth rate of 25%.

- Net Interest Margin for FY 2013 stands at 3.34% as against 3.25% for FY 2012. Q4 FY 2013 NIM was at 3.52% as against 3.12% for Q4 FY 2012

- Capital Adequacy Ratio (CAR) was at 13.61% as on March 31, 2013 with Tier I at 12.62% and Tier II at 0.99% as per Basel II norms.

- The Bank opened 5 branches in the last quarter of FY 2012-13 and now stands at 94 branches in 43 locations.

Shares of Development Credit Bank Ltd was last trading in BSE at Rs.43.55, up by Rs.0.45 or 1.04%. The stock hit an intraday high of Rs.45.45 and low of Rs.42.70.

The total traded quantity was 15.39 lakhs compared to 2 week average of 2.78 lakhs.

Source : Equity Bulls

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