DCB Bank spurts 9.5%

about 7 months ago
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DCB Bank posted a good set of earnings for Q4FY22 with net profit coming in at Rs.113 crore, up 45%. This was on a 7% rise in total income at Rs.1035. NII was at Rs.380 crore, up 22%. Net Interest Margin (NIM) was at 3.93% as against 3.46% in Q4 FY 2021.

In terms of asset quality, Gross NPA, sequentially bettered from 4.78% to 4.32% while Net NPA also improved from 2.55% to 1.97%.

Provisions and contingencies stood at Rs.68 crore, down from Rs.97 crore YoY as well as QoQ.

As at 31st March, 2022, the Bank's branch network stood at 400. The Bank intends to add 25-35 branches in the next 12-15 months. 

The market has given these numbers a thumbs up with the stock figuring among the top five gainers on the BSE, opening 4% higher at Rs.81.50, rising 9.5% to Rs.85.45 on the back of robust surge in volumes.

129.45 (-3.35)

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