Dhanlaxmi Bank Limited has announced its financial results for the second quarter of fiscal year 2024-25. The bank reported a revenue of ₹380.64 crore, reflecting a YoY increase from ₹327.43 crore in Q2 FY24. The net profit for the quarter was ₹25.81 crore, up 11.4% from ₹23.16 crore in the same period last year.
Key Highlights:
- Total Income: ₹380.64 crore, compared to ₹327.43 crore in Q2 FY24.
- Interest Earned: ₹3,288.3 crore, up from ₹3,039.0 crore in Q2 FY24.
- Other Income: ₹518.1 crore, higher than ₹235.3 crore in the corresponding quarter last year.
- Net Profit: ₹25.81 crore, an increase of 11.4% from ₹23.16 crore in Q2 FY24.
Operational Performance:
- Interest Expended: ₹2,080.0 crore, up from ₹1,829.4 crore in Q2 FY24.
- Operating Expenses: ₹1,395.1 crore, compared to ₹1,268.9 crore in Q2 FY24.
- Operating Profit (before provisions): ₹33.13 crore, compared to ₹17.60 crore in the previous year.
Asset Quality:
- Gross NPA: ₹4,212.6 crore, compared to ₹5,529 crore in Q2 FY24.
- Net NPA: ₹1,203.2 crore, compared to ₹1,273.4 crore in the same period last year.
Capital Adequacy:
- Capital Adequacy Ratio (CAR): 13.06%, compared to 12.23% in the previous year.
Earnings Per Share (EPS):
- Basic/Diluted EPS: ₹1.02, compared to ₹0.92 in Q2 FY24.
Dhanlaxmi Bank’s Q2 FY25 results show steady revenue growth and a rise in net profit. The bank has also improved its asset quality with lower gross and net NPAs compared to last year.