Shares of DCB Bank are currently down 13% as its Q1 nos disappointed the street.

The bank’s net profit rose 16.63% at Rs81cr in Q1FY20 as against Rs70cr in Q1FY19 on the back of higher net interest income and other income. 

Operating profit came in at Rs167cr vs. Rs141cr for the same period as compared to last year.

The bank earned Net Interest Income (NII) of Rs305cr as against Rs273cr for the same period as compared to last year.

Non-Interest Income came in at Rs87cr vs. Rs83cr for the same period as compared to last year. Gross NPA ratio stood at 1.96% as on June 30, 2019, as compared to 1.86% as on June 30, 2018, the bank said in the filing.

As compared to Q1FY19, Cost Income Ratio has improved from 60.25% to 57.46%.

https://www.highlightinvestment.com/

NSE BSE TIPS