DCB Bank Q2 PAT at Rs 48.5 crore; NIM at 3.96%

India Infoline News Service | Mumbai | October 14, 2016 15:59 IST

During the quarter under review, Net NPA decreased to 0.84% as on September 30, 2016 from 1.16% as on September 30,2015.

DCB Bank Ltd announced the following unaudited standalone results for the quarter ended September 30, 2016:

The Bank has posted a net profit of Rs 48.5 crore for the quarter ended September 30, 2016 as compared to Rs 36.9 crore for the quarter ended September 30, 2015. Total Income has increased from Rs 464.9 crore for the quarter ended September 30, 2015 to Rs 567.9 crore for the quarter ended September 30, 2016.

During the quarter under review, Net NPA decreased to 0.84% as on September 30, 2016 from 1.16% as on September 30,2015.

Its Net Interest Margin for Q2 FY17 stands at 3.96% as against 3.79% for Q2 FY2016, while Gross NPA ratio decreased to 1.75% as on September 30, 2016 from 1.99% as on September 30,2015.

Stock price:

DCB Bank Ltd is currently trading at Rs 122, down by Rs 1.35 or 1.09% from its previous closing of Rs 123.35 on the BSE.

The scrip opened at Rs 124.8 and has touched a high and low of Rs 128 and Rs 120.65 respectively. So far 1600874(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3512.2 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 140.8 on 13-Oct-2015 and a 52 week low of Rs 68.5 on 21-Jan-2016. Last one week high and low of the scrip stood at Rs 126.6 and Rs 119.5 respectively.

The promoters holding in the company stood at 16.23 % while Institutions and Non-Institutions held 37.7 % and 46.07 % respectively.

The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

 

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