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

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DCB BANK Announces Quarterly Results (4QFY20); Net Profit Down 28.6%
Wed, 27 May

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

DCB BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m8,2718,9789,0190.5%9.0%
Other incomeRs m9949311,09918.1%10.6%
Total revenuesRs m9,2659,90910,1182.1%9.2%
InterestRs m5,2625,7475,7820.6%9.9%
Gross Profit Rs m3,0093,2313,2370.2%7.6%
Other expensesRs m2,1502,2632,215-2.1%3.1%
Profit before taxRs m1,5051,309938-28.3%-37.6%
TaxRs m542342251-26.7%-53.7%
Profit after taxRs m963967688-28.9%-28.6%
Gross profit margin %36.436.035.9
Effective tax rate%36.026.126.7
Net profit margin%11.610.87.6
* 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 9.0% on a year-on-year (YoY) basis. The interest expended was up by 9.9% YoY during the same period.
  • The bank's operating profit increased by 7.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 35.9% in 4QFY20.
  • Other income increased by 10.6% YoY during the quarter.
  • Net profit for the quarter declined by 28.6% YoY. Net profit margins during the quarter declined from 11.6% in 4QFY19 to 7.6% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 0.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.6% QoQ during the same period.
  • The bank's operating profit increased by 0.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.9% in 4QFY20 as against 36.0% in 3QFY19.
  • Net profit for the quarter declined by 28.9% QoQ, while net profit margins declined from 10.8% in 3QFY19 to 7.6% in 4QFY20.

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 down from Rs 233.3 to Rs 62.4, registering a Loss of Rs 170.9 or around 73.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 20,563.1 (up 2.6%). Over the last one year it has moved down from 35,620.8 to 20,563.1, a loss of 15,058 points (down 42.3%).

Overall, the S&P BSE SENSEX is down 22.2% over the year.

Current Valuations

At the current price of Rs 62.4, the price to earnings (P/E) ratio of DCB BANK stands at 5.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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