DCB Bank shares surged over 6% in morning trade after the lender announced its Q4 results. As of 9:43 AM, the shares were trading 6.38% higher at Rs 135.14.
The bank reported a strong 13.7% year-on-year (YoY) rise in net profit for the fourth quarter of FY24. Net profit climbed to ₹177 crore, compared to ₹155.7 crore in the same quarter last year, driven by improved earnings and asset quality.
The bank’s net interest income (NII) also witnessed a 9.9% YoY growth, reaching ₹558 crore, up from ₹507.6 crore a year earlier. This strong performance reflects DCB Bank’s solid business momentum and effective cost management strategies.
In a positive sign for investors, DCB Bank reported better asset quality with its gross non-performing asset (NPA) ratio improving to 2.99%, down from 3.11% in the previous quarter. The net NPA ratio also dropped to 1.12% from 1.18% sequentially, indicating stronger loan book health.
Further boosting investor sentiment, the bank’s board recommended a dividend of ₹1.35 per equity share, subject to approval at the upcoming Annual General Meeting (AGM).
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