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Private sector Development Credit Bank (DCB) today reported 50% increase in net profit at Rs 33.09 crore for its second quarter ended September.
The bank had a net profit of Rs 22.13 crore during the Q2 of the previous fiscal, 2012-13.
Total income of the bank grew to Rs 296.08 crore in the July-September quarter of 2013-14 fiscal, from Rs 247.46 crore in the year-ago period, DCB said in a BSE filing.
During the first half of 2013-14, the bank has clocked 85% rise in net profit to Rs 75.91 crore, compared to Rs 41.01 crore in HI of 2012-13.
DCB reported total income of Rs 601.92 crore for the first six months of the current fiscal, compared to Rs 488.51 crore in the year-ago period.
The bank scrip closed at Rs 50.55 per unit, down 2.60% on the BSE.
