For the Dec-20 quarter, the operating profits were up 46.03% at Rs277.34cr. This growth in operating profits was on account of lower interest costs and due to lower operating expenses in the Dec-20 quarter. As a result, operating margin or OPM expanded from a level of 19.17% in Dec-19 to 27.09% in Dec-20 quarter.
Profit after tax (PAT) for the Dec-20 quarter was absolutely flat at Rs96.21cr. This was due to a sharp spike in loan loss provisions which went up yoy from Rs59cr to Rs148cr. Consequently, the PAT margins moderated from 9.76% to 9.40% in the same period.
Financial highlights for Dec-20 compared yoy and sequentially
|
DCB Bank |
|||||
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 1,023.86 |
₹ 990.89 |
3.33% |
₹ 970.98 |
5.45% |
|
Operating Profit (Rs cr) |
₹ 277.34 |
₹ 189.92 |
46.03% |
₹ 224.81 |
23.37% |
|
Net Profit (Rs cr) |
₹ 96.21 |
₹ 96.70 |
-0.51% |
₹ 82.29 |
16.92% |
|
Diluted EPS (Rs.) |
₹ 3.07 |
₹ 3.07 |
₹ 2.63 |
||
|
Operating Margins |
27.09% |
19.17% |
23.15% |
||
|
Net Margins |
9.40% |
9.76% |
8.47% |
||
|
Gross NPA Ratio |
1.96% |
2.15% |
2.27% |
||
|
Net NPA Ratio |
0.59% |
1.03% |
0.83% |
||
|
Return on Assets |
1.01% |
1.03% |
0.86% |
||
|
Capital Adequacy |
18.32% |
15.80% |
18.28% |
Key takeaways from the Dec-20 quarter results
-
During the Dec-20 quarter, DCB Bank saw a sharp fall in the gross NPAs to 1.96% and the net NPAs fell to 0.59% indicating that most of the short to medium term risks are already provided for.
-
DCB Bank has a comfortable capital adequacy ratio of over 18% well above the statutory requirements. In addition, the return on assets or ROA at above 1% is a major boost to the company’s performance.
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( With inputs from indiainfoline)
#DCB #Bank #operating #profit #Rs27734cr #interest #costs
