DCB Bank slips on poor Q4
By
Ruma Dubey
about 8 years ago
The market is not too happy with the Q4FY17 performance of DCB Bank. A slip in both profitability as well as asset quality has made the stock the top loser on the bourses currently. The stock price is currently down 5.5% at Rs.170 levels with an intra day low at Rs.167.60.
The Bank reported a 24% (YoY) drop in net profit at Rs.53 crore on account of higher provisioning and tax outgo. Provisions rose 11% (QoQ) at Rs.34 crore while YoY, it was up 24.5%.
In terms of asset quality, Gross NPA rose from 1.55% to 1.59% (QoQ) and Net NPA rose to 0.79% from 0.74%.
In terms of income earned, NII was up 31% (YoY) at Rs.220 crore and rise in other income was muted at Rs.63 crore, up 3.5%.