Dhanlaxmi Bank Limited saw its shares rise by nearly 5% as the bank announced its financial results for the second quarter of the fiscal year 2024-25. The bank reported revenue of ₹380.64 crore, reflecting a year-on-year (YoY) increase from ₹327.43 crore in Q2 FY24, alongside an 11.4% rise in net profit to ₹25.81 crore.
Key Highlights:
- Total Income: ₹380.64 crore, up from ₹327.43 crore in Q2 FY24.
- Interest Earned: ₹3,288.3 crore, an increase from ₹3,039.0 crore in Q2 FY24.
- Other Income: ₹518.1 crore, significantly higher than ₹235.3 crore in the same period last year.
- Net Profit: ₹25.81 crore, up 11.4% from ₹23.16 crore in Q2 FY24.
Operational Performance:
- Interest Expended: ₹2,080.0 crore, up from ₹1,829.4 crore.
- Operating Expenses: ₹1,395.1 crore, compared to ₹1,268.9 crore.
- Operating Profit (before provisions): ₹33.13 crore, compared to ₹17.60 crore in the previous year.
Asset Quality:
- Gross NPA: ₹4,212.6 crore, down from ₹5,529 crore in Q2 FY24.
- Net NPA: ₹1,203.2 crore, down from ₹1,273.4 crore.
Capital Adequacy:
- Capital Adequacy Ratio (CAR): 13.06%, up from 12.23% in Q2 FY24.
Earnings Per Share (EPS):
- Basic/Diluted EPS: ₹1.02, compared to ₹0.92 in Q2 FY24.
Dhanlaxmi Bank’s steady revenue growth, improved asset quality, and rising net profit have contributed to its positive market performance. The stock saw significant interest from investors, reflecting confidence in the bank’s operational improvements and future outlook.
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Dhanlaxmi Bank