Shares of Dhanlaxmi Bank rose over 2% today as the lender reported a turnaround in its first-quarter earnings and showed progress in asset quality metrics. Investor sentiment improved after the bank moved back into profitability, reversing last year’s loss.
For Q1FY26, Dhanlaxmi Bank posted a net profit of ₹12.18 crore, compared to a loss of ₹8 crore in the same quarter last year. Sequentially, however, the profit was lower than the ₹27.18 crore reported in Q4FY25. The Kerala-based lender’s operating profit came in at ₹33.28 crore, up from a loss of ₹3.29 crore last year but slightly below the ₹38.68 crore of the previous quarter. Total income rose to ₹407 crore, up from ₹338 crore a year earlier. The bank also improved its asset quality with gross NPAs declining to 3.22%, from 4.04% in Q1FY25.
At the time of writing, Dhanlaxmi Bank shares were trading at ₹29.78, up 2.23% on the NSE.
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