 "DCB Bank surges on strong Q4 results")
Shares of DCB Bank has surged 8% to Rs 124 in early morning trade on the BSE after the private sector lender posted a 61% year-on-year (y-o-y) rise in net profit at Rs 63 crore for the fourth quarter (Q4) ended March 31, on the back of higher net interest income (NII).
The bank’s NII — the difference between interest earned and interest expended — grew 30% at Rs 130 crore in Q4, compared to Rs 100 crore in the previous year.
The Gross Non Performing Assets (NPA) NPA stood at 1.76% as on March 31, 2015 compared to 1.69% a year ago. Similarly, Net NPA was at 1.01% as on March 31, 2015 compared to 0.91% a year ago, DCB Bank said in a press release.
The stock opened at Rs 122 and touched a high of Rs 126 on the BSE. Till 0920 hours, a combined 2.64 million shares changed hands on the counter on the BSE and NSE.
The bank’s NII — the difference between interest earned and interest expended — grew 30% at Rs 130 crore in Q4, compared to Rs 100 crore in the previous year.
The Gross Non Performing Assets (NPA) NPA stood at 1.76% as on March 31, 2015 compared to 1.69% a year ago. Similarly, Net NPA was at 1.01% as on March 31, 2015 compared to 0.91% a year ago, DCB Bank said in a press release.
The stock opened at Rs 122 and touched a high of Rs 126 on the BSE. Till 0920 hours, a combined 2.64 million shares changed hands on the counter on the BSE and NSE.