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DCB Bank stock down nearly 4% post Q4 results

Press Trust of India  |  New Delhi 

of DCB 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 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 of the company were traded on and over 59 lakh changed hands on during the day.

Private sector DCB 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 had reported net profit of Rs 70 crore in January-March quarter of 2015-16.

Total 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 17 2017. 16:42 IST