DCB BANK Announces Quarterly Results (3QFY20); Net Profit Up 12.3%

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DCB BANK Announces Quarterly Results (3QFY20); Net Profit Up 12.3%
Mon, 27 Jan

DCB BANK has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

DCB BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Operating incomeRs m7,7738,7928,9782.1%15.5%
Other incomeRs m9451,014931-8.2%-1.5%
Total revenuesRs m8,7189,8069,9091.1%13.7%
InterestRs m4,8375,6585,7471.6%18.8%
Gross Profit Rs m2,9363,1343,2313.1%10.0%
Other expensesRs m2,1432,3022,263-1.7%5.6%
Profit before taxRs m1,3361,4131,309-7.3%-2.0%
TaxRs m475499342-31.4%-28.0%
Profit after taxRs m8619149675.8%12.3%
Gross profit margin %37.835.636.0
Effective tax rate%35.635.326.1
Net profit margin%11.110.410.8
* 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 grew 15.5% on a year-on-year (YoY) basis. The interest expended was up by 18.8% YoY during the same period.
  • The bank's operating profit increased by 10.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.0% in 3QFY20 as against 37.8% in 3QFY19.
  • Other income declined by 1.5% YoY during the quarter.
  • Net profit for the quarter increased by 12.3% YoY. Net profit margins during the quarter declined from 11.1% in 3QFY19 to 10.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 2.1% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 1.6% QoQ during the same period.
  • The bank's operating profit increased by 3.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.0% in 3QFY20 as against 35.6% in 2QFY19.
  • Net profit for the quarter increased by 5.8% QoQ, while net profit margins increased from 10.4% in 2QFY19 to 10.8% in 3QFY20.

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

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DCB BANK Share Price Performance

Over the last one year,DCB BANK share price has moved up from Rs 180.2 to Rs 182.6, registering a Gain of Rs 2.4 or around 1.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 35,457.7 (down 0.6%). Over the last one year it has moved up from 30,377.5 to 35,457.7, a gain of 5,080 points (up 16.7%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 182.6, the price to earnings (P/E) ratio of DCB BANK stands at 14.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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