DCB Bank stock down nearly 4% post Q4 results

Shares of DCB Bank today fell by nearly 4 per cent after it reported 24.3 per cent fall in net profit for the fourth quarter of last fiscal ended March 31.
The stock went down by 3.56 per cent to end at Rs 173.25 on BSE. During the day, it lost 6.7 per cent to Rs 167.60.
On NSE, the share price dipped 3.56 per cent to Rs 173.30.
On the volume front, 6.80 lakh shares of the company were traded on BSE and over 59 lakh shares changed hands on NSE during the day.
Private sector DCB Bank has reported 24.3 per cent fall in net profit at Rs 53 crore for the fourth quarter ended March 31 of 2016-17 fiscal.

The bank had reported net profit of Rs 70 crore in January-March quarter of 2015-16.

Total income for the period under review was Rs 284 crore, up 23 per cent from Rs 230 crore a year ago, the bank said in a statement on Friday.
Its gross non-performing assets were at 1.59 per cent as on March 31, 2017, slightly up from 1.51 per cent year ago.
Net NPAs or bad loans were 0.79 per cent of the net advances, as against 0.75 per cent year earlier.