Net profit of Dhanlaxmi Bank rose 62.98% to Rs 38.17 crore in the quarter ended March 2023 as against Rs 23.42 crore during the previous quarter ended March 2022. Total Operating Income rose 16.68% to Rs 274.10 crore in the quarter ended March 2023 as against Rs 234.91 crore during the previous quarter ended March 2022.

For the full year,net profit rose 37.49% to Rs 49.36 crore in the year ended March 2023 as against Rs 35.90 crore during the previous year ended March 2022. Total Operating Income rose 16.86% to Rs 1071.23 crore in the year ended March 2023 as against Rs 916.64 crore during the previous year ended March 2022.

Powered by Capital Market - Live News

Dhanlaxmi Bank will hold a meeting of the Board of Directors of the Company on 22 May 2023.

Powered by Capital Market - Live News

Of this, gold loans amounted to Rs 2,274 crore (up 23.39% YoY and up 9.12% QoQ).

Total deposits of the bank rose by 7.45% to Rs 13,327 crore as on 31 March 2023 from Rs 12,403 crore as on 31 March 2022. The bank's deposits have risen by 3% from Rs 12,939 crore as on 31 December 2022.

Total business of the bank aggregated to Rs 23,194 crore, up 11.26% YoY and up 4.56% QoQ.

CD ratio stood at 74.04% as on 31 March 2023 as against 68.08% as on 31 March 2022 and 71.44% as on 31 December 2022.

Dhanlaxmi Bank (DBL) is a Kerala-based small-sized private sector bank headquartered at Thrissur. As on 31 December, 2022, the bank had a presence across 14 States and 1 Union Territory through 249 branches, 265 ATMs and 19 BCs.

The bank's net profit fell by 10% to Rs 11.19 crore despite a 36% increase in net interest income to Rs 360.60 crore in Q3 FY23 over Q3 FY22.

Powered by Capital Market - Live News

Net profit of Dhanlaxmi Bank rose 970.44% to Rs 21.73 crore in the quarter ended December 2022 as against Rs 2.03 crore during the previous quarter ended December 2021. Total Operating Income rose 17.74% to Rs 276.26 crore in the quarter ended December 2022 as against Rs 234.63 crore during the previous quarter ended December 2021.

Powered by Capital Market - Live News