DCB BANK Announces Quarterly Results (2QFY21); Net Profit Down 10.0%

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DCB BANK Announces Quarterly Results (2QFY21); Net Profit Down 10.0%
Wed, 4 Nov

DCB BANK has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

DCB BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Operating incomeRs m8,7928,7318,7850.6%-0.1%
Other incomeRs m1,01477692519.3%-8.7%
Total revenuesRs m9,8069,5079,7102.1%-1.0%
InterestRs m5,6585,6645,445-3.9%-3.8%
Gross Profit Rs m3,1343,0673,3398.9%6.6%
Other expensesRs m2,3021,9322,0164.4%-12.4%
Profit before taxRs m1,4131,0751,1174.0%-20.9%
TaxRs m4992812944.8%-41.0%
Profit after taxRs m9147948233.7%-10.0%
Gross profit margin %35.635.138.0
Effective tax rate%35.326.126.3
Net profit margin%10.49.19.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter fell 0.1% on a year-on-year (YoY) basis. The interest expended was down by 3.8% YoY during the same period.
  • The bank's operating profit increased by 6.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.0% in 2QFY21 as against 35.6% in 2QFY20.
  • Other income declined by 8.7% YoY during the quarter.
  • Net profit for the quarter declined by 10.0% YoY. Net profit margins during the quarter declined from 10.4% in 2QFY20 to 9.4% in 2QFY21.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.6% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 3.9% QoQ during the same period.
  • The bank's operating profit increased by 8.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.0% in 2QFY21 as against 35.1% in 1QFY20.
  • Net profit for the quarter increased by 3.7% QoQ, while net profit margins increased from 9.1% in 1QFY20 to 9.4% in 2QFY21.

To see how DCB BANK has performed over the last eight quarters,please visit here.

Last Day: Watch the Replay of Great Indian Wealth Project Special Event

DCB BANK Share Price Performance

Over the last one year, DCB BANK share price has moved down from Rs 182.8 to Rs 80.3, registering a Loss of Rs 102.5 or around 56.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 29,136.8 (down 1.1%). Over the last one year it has moved down from 34,219.4 to 29,136.8, a gain of 5,083 points (down 14.9%).

Overall, the S&P BSE SENSEX is up 0.3% over the year.

Current Valuations

At the current price of Rs 80.3, the price to earnings (P/E) ratio of DCB BANK stands at 6.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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Related Views on News

DCB BANK Announces Quarterly Results (1QFY21); Net Profit Down 2.1% (Quarterly Result Update)

Aug 10, 2020 | Updated on Aug 10, 2020

For the quarter ended June 2020, DCB BANK has posted a net profit of Rs 794 m (down 2.1% YoY). Sales on the other hand came in at Rs 9 bn (up 1.8% YoY). Read on for a complete analysis of DCB BANK's quarterly results.

DCB BANK Announces Quarterly Results (4QFY20); Net Profit Down 28.6% (Quarterly Result Update)

May 27, 2020 | Updated on May 27, 2020

For the quarter ended March 2020, DCB BANK has posted a net profit of Rs 688 m (down 28.6% YoY). Sales on the other hand came in at Rs 9 bn (up 9.0% YoY). Read on for a complete analysis of DCB BANK's quarterly results.

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