DCB Bank reported a 13.7% year-on-year growth in net profit for Q4, reaching ₹177 crore compared to ₹155.7 crore in the same quarter last year. The bank’s net interest income (NII) also saw a 9.9% increase, rising to ₹558 crore from ₹507.6 crore a year ago.
In terms of asset quality, the bank reported an improvement in both its gross and net non-performing asset (NPA) ratios.
The gross NPA ratio stood at 2.99%, down from 3.11% in the previous quarter, while the net NPA ratio reduced to 1.12% from 1.18% QoQ, reflecting better asset quality.
The board has recommended a dividend of ₹1.35 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Also read: Shriram Finance Q4 Results: Profit, NII miss estimates, dragging stock 9%; dividend declared
Despite the solid performance in terms of profitability and asset quality, shares of the bank closed lower by ₹2, or 1.55%, at ₹127.10 on the BSE post the earnings announcement.
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