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DHANLAXMI BANK Announces Quarterly Results (1QFY20); Net Profit Up 144.1%

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DHANLAXMI BANK Announces Quarterly Results (1QFY20); Net Profit Up 144.1%
Fri, 19 Jul

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

DHANLAXMI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m2,3992,4182,404-0.6%0.2%
Other incomeRs m165271163-39.8%-0.8%
Total revenuesRs m2,5642,6902,568-4.5%0.2%
InterestRs m1,5881,5491,503-2.9%-5.3%
Gross Profit Rs m8118709013.6%11.0%
Other expensesRs m77670277310.1%-0.3%
Profit before taxRs m-450276198-28.1%
TaxRs m0000.0%0.0%
Profit after taxRs m-450276198-28.1%
Gross profit margin %33.836.037.5
Effective tax rate%0.00.00.0
Net profit margin%-18.811.48.3
* 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 0.2% on a year-on-year (YoY) basis. The interest expended was down by 5.3% YoY during the same period.
  • The bank's operating profit increased by 11.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.5% in 1QFY20 as against 33.8% in 1QFY19.
  • Other income declined by 0.8% YoY during the quarter.
  • Net profit for the quarter increased by 144.1% YoY. Net profit margins during the quarter increased from -18.8% in 1QFY19 to 8.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 2.9% QoQ during the same period.
  • The bank's operating profit increased by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.5% in 1QFY20 as against 36.0% in 4QFY19.
  • Net profit for the quarter declined by 28.1% QoQ, while net profit margins declined from 11.4% in 4QFY19 to 8.3% in 1QFY20.

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

DHANLAXMI BANK Share Price Performance

Over the last one year,DHANLAXMI BANK share price has moved up from Rs 15.9 to Rs 16.5, registering a Gain of Rs 0.6 or around 3.5%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 34,094.6 (down 0.3%). Over the last one year it has moved up from 29,605.7 to 34,094.6, a gain of 4,489 points (up 15.2%).

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 16.5, the price to earnings (P/E) ratio of DHANLAXMI BANK stands at 3.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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