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DCB BANK Announces Quarterly Results (4QFY19); Net Profit Up 50.0%

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DCB BANK Announces Quarterly Results (4QFY19); Net Profit Up 50.0%
Mon, 22 Apr

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

DCB BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Operating incomeRs m6,4927,7738,2716.4%27.4%
Other incomeRs m8499459945.2%17.1%
Total revenuesRs m7,3418,7189,2656.3%26.2%
InterestRs m3,8554,8375,2628.8%36.5%
Gross Profit Rs m2,6372,9363,0092.5%14.1%
Other expensesRs m2,0702,1432,1500.3%3.9%
Profit before taxRs m1,0281,3361,50512.6%46.4%
TaxRs m38647554213.9%40.5%
Profit after taxRs m64286196311.9%50.0%
Gross profit margin %40.637.836.4
Effective tax rate%37.535.636.0
Net profit margin%9.911.111.6
* 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 27.4% on a year-on-year (YoY) basis. The interest expended was up by 36.5% YoY during the same period.
  • The bank's operating profit increased by 14.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.4% in 4QFY19 as against 40.6% in 4QFY18.
  • Other income increased by 17.1% YoY during the quarter.
  • Net profit for the quarter increased by 50.0% YoY. Net profit margins during the quarter increased from 9.9% in 4QFY18 to 11.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 6.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 8.8% QoQ during the same period.
  • The bank's operating profit declined by 2.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.4% in 4QFY19 as against 37.8% in 3QFY18.
  • Net profit for the quarter increased by 11.9% QoQ, while net profit margins increased from 11.1% in 3QFY18 to 11.6% in 4QFY19.

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

DCB BANK Share Price Performance

Over the last one year, DCB BANK share price has moved up from Rs 194.6 to Rs 206.2, registering a Gain of Rs 11.6 or around 6.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 33,659.3 (down 1.1%). Over the last one year it has moved up from 27,855.4 to 33,659.3, a gain of 5,804 points (up 20.8%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 206.2, the price to earnings (P/E) ratio of DCB BANK stands at 17.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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