DCB Bank Ltd Q4 net profit drops to Rs. 68.76 crore

DCB Bank Limited has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.1011.79 crores during the period ended March 31, 2020 as compared to Rs.990.89 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.68.76 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.96.70 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.19 for the period ended March 31, 2020 as compared to Rs.3.07 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 1011.79 crs	₹ 990.89 crs	2.11%
Net Profit	₹ 68.76 crs	₹ 96.70 crs	-28.89%
EPS	₹ 2.19	₹ 3.07	-28.66%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.1011.79 crores during the period ended March 31, 2020 as compared to Rs.926.46 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.68.76 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.96.33 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.2.19 for the period ended March 31, 2020 as compared to Rs.3.06 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 1011.79 crs	₹ 926.46 crs	9.21%
Net Profit	₹ 68.76 crs	₹ 96.33 crs	-28.62%
EPS	₹ 2.19	₹ 3.06	-28.43%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.3927.73 crores during the 12 months period ended March 31, 2020 as compared to Rs.3391.65 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.337.94 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.325.37 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.10.74 for the 12 months period ended March 31, 2020 as compared to Rs.10.36 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 3927.73 crs	₹ 3391.65 crs	15.81%
Net Profit	₹ 337.94 crs	₹ 325.37 crs	3.86%
EPS	₹ 10.74	₹10.36	3.67%

Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said "Our main aim in the next two quarters would be to carefully navigate through the difficult and uncertain environment focusing on handling potential portfolio stress, assisting loan customers within regulatory guidelines, effect cost reduction and maintain adequate liquidity. In our view, the second moratorium relief has come at the right time because lock-down restrictions are being reduced so cash flows in the economy should start to pick up enabling customers to service their loan obligations more easily post the moratorium period."

Shares of DCB Bank Limited was last trading in BSE at Rs.60.45 as compared to the previous close of Rs. 63.7. The total number of shares traded during the day was 137100 in over 2237 trades.

The stock hit an intraday high of Rs. 65.15 and intraday low of 60.1. The net turnover during the day was Rs. 8450020.

Source : Equity Bulls

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