DCB Bank gains after reporting good Q2 result

DCB Bank gained 1.48% to Rs 123.80 at 10:30 IST on BSE after net profit rose 31.3% to Rs 48.49 crore on 22.16% rise in total income to Rs 567.89 crore in Q2 September 2016 over Q2 September 2015.

The result was announced after market hours on Friday, 14 October 2016.

Meanwhile, the BSE Sensex was up 40.11 points, or 0.14%, to 27,713.71.

On BSE, so far 2.09 lakh shares were traded in the counter, compared with an average volume of 2.43 lakh shares in the past one quarter. The stock hit a high of Rs 126.50 and a low of Rs 122.85 so far during the day. The stock hit a 52-week high of Rs 129 on 5 October 2016. The stock hit a 52-week low of Rs 68.50 on 21 January 2016. The stock had outperformed the market over the past one month till 14 October 2016, rising 0.49% compared with Sensex's 2.46% fall. The scrip had also outperformed the market in past one quarter, gaining 16.3% as against Sensex's 0.96% decline.

The mid-cap bank has an equity capital of Rs 284.73 crore. Face value per share is Rs 10.

DCB Bank's gross non-performing assets (NPAs) stood at Rs 255.40 crore as on 30 September 2016 as against Rs 231.26 crore as on 30 June 2016 and Rs 224.33 crore as on 30 September 2015. The ratio of gross NPAs to gross advances stood at 1.75% as on 30 September 2016 as against 1.72% as on 30 June 2016 and 1.99% as on 30 September 2015.

The ratio of net NPAs to net advances stood at 0.84% as on 30 September 2016 as against 0.87% as on 30 June 2016 and 1.16% as on 30 September 2015. The bank's provisions and contingencies (excluding tax provisions) rose 22.19% to Rs 26.48 crore in Q2 September 2016 over Q2 September 2015.

Net interest margin rose to 3.96% in Q2 September 2016 from 3.79% in Q2 September 2015. Net interest income rose 27% to Rs 190 crore in Q2 September 2016 over Q2 September 2015.

DCB is a private sector bank.

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