Stock Report

DCB Bank posts Rs. 126.93 crores PAT in Q1 FY24



Posted On : 2023-07-28 18:42:38( TIMEZONE : IST )

DCB Bank posts Rs. 126.93 crores PAT in Q1 FY24

DCB Bank Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1344.68 crores during the period ended June 30, 2023 as compared to Rs. 1301.61 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 126.93 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 142.21 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.03 for the period ended June 30, 2023 as compared to Rs. 4.52 for the period ended March 31, 2023.

Financials Q1 FY2024 Q4 FY2023 % Change
Total Income ₹ 1344.68 crs ₹1301.61 crs Up Tick / Down Tick3.31%
Net Profit ₹126.93 crs ₹142.21 crs Up Tick / Down Tick-10.74%
EPS ₹4.03 ₹4.52 Up Tick / Down Tick-10.84%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1344.68 crores during the period ended June 30, 2023 as compared to Rs.1041.69 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.126.93 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.97.15 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.03 for the period ended June 30, 2023 as compared to Rs.3.11 for the period ended June 30, 2022.

Financials Q1 FY2024 Q1 FY2023 % Change
Total Income ₹ 1344.68 crs ₹1041.69 crs Up Tick / Down Tick29.09%
Net Profit ₹126.93 crs ₹97.15 crs Up Tick / Down Tick30.65%
EPS ₹4.03 ₹3.11 Up Tick / Down Tick29.58%

Asset Quality:

Asset Quality Q1 FY2024 Q4 FY2023 Q1 FY2023
Gross NPA ₹1181.38 crs ₹1122.84 crs ₹1288.50 crs
Gross NPA % 3.26% 3.19% 4.21%
Net NPA ₹423.89 crs ₹356.92 crs ₹543.61 crs
Net NPA % 1.19% 1.04% 1.82%


Gross NPA was at ₹ 1181.38 crs in Q1 FY2024 against ₹ 1288.50 crs in Q1 FY2023. The same was at ₹ 1122.84 crs in Q4 FY2023.

Net NPA was at ₹ 423.89 crs in Q1 FY2024 against ₹ 543.61 crs in Q1 FY2023. The same was at ₹ 356.92 crs in Q4 FY2023.

GNPA was at 3.26% of Gross advances as on June 30, 2023 as compared to 4.21% as on June 30, 2022 and 3.19% as of March 31, 2023.

Net NPA was at 1.19% of Gross advances as on June 30, 2023 as compared to 1.82% as on June 30, 2022 and 1.04% as of March 31, 2023.

Ratios Q1 FY2024 Q4 FY2023 Q1 FY2023
RoA % 0.94% 1.10% 0.86%
CAR (BASEL III) % 17.09% 17.55% 18.47%


Return on Average Assets (RoA) is at 0.94% for Q1 FY2024 against 1.10% in Q4 FY2023 and 0.86% in Q1 FY2023.

In Q1 FY2024, Bank's total Capital Adequacy Ratio (CAR) was at 17.09%, as compared to 17.55% in Q4 FY2023 and 18.47% in Q1 FY2023.

Shares of DCB Bank Limited was last trading in BSE at Rs. 128.55 as compared to the previous close of Rs. 129.70. The total number of shares traded during the day was 154934 in over 2012 trades.

The stock hit an intraday high of Rs. 131.85 and intraday low of 128.25. The net turnover during the day was Rs. 20126906.00.

Source : Equity Bulls

Keywords

DCBBank Q1FY24 ResultUpdate