DCB Bank climbed 1.06 per cent to Rs 114.70 following a 51.1 per cent increase in net profit to Rs 113.85 crore and a 17.1 per cent increase in total income to Rs 1,167.15 crore in Q3 FY23 over Q3 FY22.
Profit before tax increased by 50.6 per cent to Rs 153.43 crore in Q3 FY23, compared to Rs 101.86 crore in Q3 FY22. Operating profit fell 2.51 per cent to Rs 194 crore in Q3 FY23, from Rs 199 crore in Q3 FY22.
Net interest income increased by 29.28 per cent to Rs 446 crore in Q3 FY23, compared to Rs 345 crore in Q3 FY22. The net interest margin was 4.02 per cent for the quarter, up from 3.61 per cent in the same period last year.
In the third quarter of FY23, advances increased by 21 per cent year on year to Rs 32,966 crore. Deposits increased 23 per cent year on year to Rs 39,506 crore in the third quarter of FY23.
Return on assets was 0.94 per cent in Q3 FY23, up from 0.73 per cent in Q3 FY22. Return on equity was 11.34 per cent in Q3 FY23, up from 8.28 per cent in Q3 FY22.
Gross non-performing assets (NPA) fell to Rs 1,223.31 crore on December 31, 2022, from Rs 1,339.75 crore on December 31, 2021.
Gross NPA increased by 3.62 per cent in Q3 FY23, compared to 4.78 per cent in Q3 FY22. Net NPA was 1.37 per cent in Q3 FY23, compared to 2.55 per cent in the same quarter the previous year.
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Slippages were 5.20 per cent on December 31, 2022, compared to 6.98 per cent on December 31, 2021. CASA ratio was 27.62 per cent in Q3 FY23, compared to 25.94 per cent in Q3 FY22.
The provision coverage ratio (PCR) as of December 31, 2022 was 74.68 per cent, and the PCR without gold loans NPAs was 75.64 per cent. Capital adequacy is robust, with the capital adequacy ratio at 16.26 per cent as of 31 December 2022 (with Tier I at 14.47 per cent and Tier II at 1. 79 per cent according per Basel Ill requirements).
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