Dhanlaxmi Bank posts net profit of Rs19.8cr vs. loss of Rs45cr

The bank’s Net Interest Income (NII) was up by 11% at Rs90.09cr in Q1FY20.

Jul 17, 2019 08:07 IST India Infoline News Service

Dhanlaxmi Bank
Shares of Dhanlaxmi Bank slipped nearly 2% in the afternoon session on Wednesday. The bank posted a net profit of Rs19.84cr in Q1FY20 as against a loss of Rs44.99cr in Q1FY19.

The bank’s Net Interest Income (NII) was up by 11% at Rs90.09cr in Q1FY20.

Provision coverage ratio stood at 85.38% as on June 30, 2019.

Its Gross NPA came at 7.61% vs. 7.47% on a qoq basis and net NPA at 2.35% vs. 2.41% on qoq.

Dhanlaxmi Bank Ltd is currently trading at Rs18.15, down by Rs0.3 or 1.63% from its previous closing of Rs18.45 on the BSE.

The scrip opened at Rs18.70 and has touched a high and low of Rs19.40 and Rs17.90 respectively.

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