Stock Report

Dhanlaxmi Bank Ltd Q2 FY2023 PAT climbs to Rs. 15.89 crores

Posted On : 2022-11-09 17:16:30( TIMEZONE : IST )

Dhanlaxmi Bank Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 285.26 crores during the period ended September 30, 2022 as compared to Rs. 236.82 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 15.89 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -26.43 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.63 for the period ended September 30, 2022 as compared to Rs. -1.04 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 285.26 crs	₹236.82 crs	20.45%
Net Profit	₹15.89 crs	₹-26.43 crs	160.12%
EPS	₹0.63	₹-1.04	160.58%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 285.26 crores during the period ended September 30, 2022 as compared to Rs.266.79 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.15.89 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.3.66 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.63 for the period ended September 30, 2022 as compared to Rs.0.14 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 285.26 crs	₹266.79 crs	6.92%
Net Profit	₹15.89 crs	₹3.66 crs	334.15%
EPS	₹0.63	₹0.14	350.00%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.522.08 crores during the 6 Months period ended September 30, 2022 as compared to Rs.513.02 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-10.54 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.10.45 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-0.42 for the 6 Months period ended September 30, 2022 as compared to Rs.0.41 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹522.08 crs	₹513.02 crs	1.77%
Net Profit	₹-10.54 crs	₹10.45 crs	-200.86%
EPS	₹-0.42	₹0.41	-202.44%

Asset Quality:

Asset Quality	Q2 FY2023	Q1 FY2023	Q2 FY2022
Gross NPA	₹549.75 crs	₹553.82 crs	₹604.15 crs
Gross NPA %	6.04%	6.35%	8.67%
Net NPA	₹202.85 crs	₹226.03 crs	₹329.55 crs
Net NPA %	2.32%	2.69%	4.92%

Gross NPA was at ₹ 549.75 crs in Q2 FY2023 against ₹ 604.15 crs in Q2 FY2022. The same was at ₹ 553.82 crs in Q1 FY2023.

Net NPA was at ₹ 202.85 crs in Q2 FY2023 against ₹ 329.55 crs in Q2 FY2022. The same was at ₹ 226.03 crs in Q1 FY2023.

GNPA was at 6.04% of Gross advances as on September 30, 2022 as compared to 8.67% as on September 30, 2021 and 6.35% as of June 30, 2022.

Net NPA was at 2.32% of Gross advances as on September 30, 2022 as compared to 4.92% as on September 30, 2021 and 2.69% as of June 30, 2022.

Ratios	Q2 FY2023	Q1 FY2023	Q2 FY2022
RoA %	-0.15%	-0.76%	0.16%
CAR (BASEL III) %	12.32%	12.19%	13.64%

Return on Average Assets (RoA) is at -0.15% for Q2 FY2023 against -0.76% in Q1 FY2023 and 0.16% in Q2 FY2022.

In Q2 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at 12.32%, as compared to 12.19% in Q1 FY2023 and 13.64% in Q2 FY2022.

Shares of Dhanlaxmi Bank Limited was last trading in BSE at Rs. 15.29 as compared to the previous close of Rs. 13.50. The total number of shares traded during the day was 1634343 in over 2406 trades.

The stock hit an intraday high of Rs. 15.90 and intraday low of 13.68. The net turnover during the day was Rs. 24290062.00.