You are here: Home » PTI Stories » National » News
Business Standard

DCB Bank shares gain over 3% as Q2 net profit rises

Press Trust of India  |  New Delhi 

Shares of DCB Bank today rose by over 3 per cent after the company posted a 31.30 per cent increase in net profit for the quarter ended on September 30, 2016.

The scrip gained 3.20 per cent to close at Rs 125.90 on BSE. During the day, it rose 7.70 per cent to Rs 131.40 -- its 52-week high.



At NSE, shares of the company moved up by 3 per cent to close at Rs 125.85.

In terms of volume, 13.08 lakh shares of the company were traded on and over 84 lakh shares changed hands at during the day.

DCB Bank on Friday posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended September 30, 2016.

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank had said in a filing to BSE.

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

DCB Bank shares gain over 3% as Q2 net profit rises

Shares of DCB Bank today rose by over 3 per cent after the company posted a 31.30 per cent increase in net profit for the quarter ended on September 30, 2016. The scrip gained 3.20 per cent to close at Rs 125.90 on BSE. During the day, it rose 7.70 per cent to Rs 131.40 -- its 52-week high. At NSE, shares of the company moved up by 3 per cent to close at Rs 125.85. In terms of volume, 13.08 lakh shares of the company were traded on BSE and over 84 lakh shares changed hands at NSE during the day. DCB Bank on Friday posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended September 30, 2016. The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank had said in a filing to BSE. Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16. The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per ... Shares of DCB Bank today rose by over 3 per cent after the company posted a 31.30 per cent increase in net profit for the quarter ended on September 30, 2016.

The scrip gained 3.20 per cent to close at Rs 125.90 on BSE. During the day, it rose 7.70 per cent to Rs 131.40 -- its 52-week high.

At NSE, shares of the company moved up by 3 per cent to close at Rs 125.85.

In terms of volume, 13.08 lakh shares of the company were traded on and over 84 lakh shares changed hands at during the day.

DCB Bank on Friday posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended September 30, 2016.

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank had said in a filing to BSE.

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

DCB Bank shares gain over 3% as Q2 net profit rises

Shares of DCB Bank today rose by over 3 per cent after the company posted a 31.30 per cent increase in net profit for the quarter ended on September 30, 2016.

The scrip gained 3.20 per cent to close at Rs 125.90 on BSE. During the day, it rose 7.70 per cent to Rs 131.40 -- its 52-week high.

At NSE, shares of the company moved up by 3 per cent to close at Rs 125.85.

In terms of volume, 13.08 lakh shares of the company were traded on and over 84 lakh shares changed hands at during the day.

DCB Bank on Friday posted a 31.30 per cent increase in net profit at Rs 48.9 crore for the quarter ended September 30, 2016.

The bank had recorded a net profit of Rs 36.9 crore in the corresponding quarter of last fiscal, DCB Bank had said in a filing to BSE.

Total income of the lender increased to Rs 567.8 crore during the quarter under review, as against Rs 464.8 crore over the corresponding period of 2015-16.

The gross Non-performing Assets (NPAs) of the bank increased to 1.75 per cent of total advances, from 1.72 per cent at the end of second quarter of 2015-16.

However, net NPAs reduced to 0.84 per cent from 0.87 per cent of the total assets.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard