DCB Bank slips on poor Q4
DCB Bank slips on poor Q4
By Ruma Dubey
about 10 years ago
The market is not too happy with the Q4FY17 performance of DCB Bank. A slip in both profitability as well as asset quality has made the stock the top loser on the bourses currently. The stock price is currently down 5.5% at Rs.170 levels with an intra day low at Rs.167.60.
The Bank reported a 24% (YoY) drop in net profit at Rs.53 crore on account of higher provisioning and tax outgo. Provisions rose 11% (QoQ) at Rs.34 crore while YoY, it was up 24.5%.
In terms of asset quality, Gross NPA rose from 1.55% to 1.59% (QoQ) and Net NPA rose to 0.79% from 0.74%.
In terms of income earned, NII was up 31% (YoY) at Rs.220 crore and rise in other income was muted at Rs.63 crore, up 3.5%.