Strong Q4 numbers boost DCB Bank

DCB Bank jumped 6.42% to Rs 122.65 at 9:44 IST on BSE after net profit rose 61.06% to Rs 62.94 crore on 24.54% growth in total income to Rs 425.11 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced on Tuesday, 14 April 2015. The stock market was closed on that day on the occasion of Dr. Baba Saheb Ambedkar Jayanti.

Meanwhile, the S&P BSE Sensex was up 14.35 points or 0.05% at 29,058.79.

On BSE, so far 6.71 lakh shares were traded in the counter as against average daily volume of 2.01 lakh shares in the past two weeks.

The stock hit a high of Rs 126 and a low of Rs 120.35 so far during the day.

DCB Bank's ratio of net non-performing assets (NPAs) to net advances stood at 1.01% as on 31 March 2014, compared with 1% as on 31 December 2014 and 0.91% as on 31 March 2014. The ratio of gross non-performing assets (NPAs) to gross advances stood at 1.76% as on 31 March 2014, compared with 1.87% as on 31 December 2014 and 1.69% as on 31 March 2014.

Provisions and contingencies rose 29.62% to Rs 14.31 crore in Q4 March 2015 over Q4 March 2014. The provisioning coverage ratio as on 31 March 2015 stood at 74.66%.

The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 14.95% as on 31 March 2015, compared with 14.44% as on 31 December 2014 and 13.71% as on 31 March 2014.

DCB Bank is a modern emerging new generation private sector bank with 134 branches across 16 states and 2 Union Territories.

Powered by Capital Market - Live News