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DCB Bank's Q3 net profit up 11% at Rs 57 crore

DCB Bank today reported a net profit of Rs 57 crore for the third quarter ended December 2017, up 11 percent year-on-year.

January 17, 2018 / 08:50 PM IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)

DCB Bank today reported a net profit of Rs 57 crore for the third quarter ended December 2017, up 11 percent year-on-year.

The private sector lender had posted a profit after tax (PAT) of Rs 51 crore in the third quarter of 2016-17.

In a regulatory filing, the bank said it earned a net interest income of Rs 250 crore in the October-December 2017- 18, compared to Rs 209 crore in the same period of the last fiscal.

The net advances grew to Rs 18,595 crore as on December 31, 2017 from Rs 14,584 crore at the end of December 2016.

Gross NPA ratio of the bank was 1.89 per cent as on December 31, 2017 compared to 1.55 percent on December 31, 2016.

"Gross NPA includes slippage of one restructured corporate advance in Q3 FY2018," the bank said.

DCB Bank had 311 branches at the end of December 2017.

Shares of the bank today ended 0.21 percent lower at Rs 193.55 apiece on BSE.

PTI
first published: Jan 17, 2018 08:45 pm

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