DHANLAXMI BANK Announces Quarterly Results (2QFY20); Net Profit Up 81.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

DHANLAXMI BANK Announces Quarterly Results (2QFY20); Net Profit Up 81.6%
Mon, 4 Nov

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

DHANLAXMI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Operating incomeRs m2,4472,4042,5335.4%3.6%
Other incomeRs m17916323544.1%31.2%
Total revenuesRs m2,6262,5682,7697.8%5.4%
InterestRs m1,5721,5031,5271.6%-2.9%
Gross Profit Rs m8749011,00711.7%15.1%
Other expensesRs m756773767-0.8%1.5%
Profit before taxRs m12219822111.2%81.6%
TaxRs m0000.0%0.0%
Profit after taxRs m12219822111.2%81.6%
Gross profit margin %35.737.539.7
Effective tax rate%0.00.00.0
Net profit margin%5.08.38.7
* 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 3.6% on a year-on-year (YoY) basis. The interest expended was down by 2.9% YoY during the same period.
  • The bank's operating profit increased by 15.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 2QFY20 as against 35.7% in 2QFY19.
  • Other income increased by 31.2% YoY during the quarter.
  • Net profit for the quarter increased by 81.6% YoY. Net profit margins during the quarter increased from 5.0% in 2QFY19 to 8.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 5.4% 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 11.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 39.7% in 2QFY20 as against 37.5% in 1QFY19.
  • Net profit for the quarter increased by 11.2% QoQ, while net profit margins increased from 8.2% in 1QFY19 to 8.7% in 2QFY20.

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

RELEASED: Richa Agarwal's No. 1 Stock Pick for 2021

DHANLAXMI BANK Share Price Performance

Over the last one year,DHANLAXMI BANK share price has moved down from Rs 17.3 to Rs 15.8, registering a Loss of Rs 1.5 or around 8.7%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 34,493.5 (up 0.8%). Over the last one year it has moved up from 29,016.4 to 34,493.5, a gain of 5,477 points (up 18.9%).

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 15.8, the price to earnings (P/E) ratio of DHANLAXMI BANK stands at 3.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "DHANLAXMI BANK Announces Quarterly Results (2QFY20); Net Profit Up 81.6%". Click here!

  

Related Views on News

DHANLAXMI BANK Announces Quarterly Results (3QFY20); Net Profit Up 25.9% (Quarterly Result Update)

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, DHANLAXMI BANK has posted a net profit of Rs 213 m (up 25.9% YoY). Sales on the other hand came in at Rs 3 bn (up 2.4% YoY). Read on for a complete analysis of DHANLAXMI BANK's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

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

Jul 19, 2019 | Updated on Jul 19, 2019

For the quarter ended June 2019, DHANLAXMI BANK has posted a net profit of Rs 198 m (up 144.1% YoY). Sales on the other hand came in at Rs 2 bn (up 0.2% YoY). Read on for a complete analysis of DHANLAXMI BANK's quarterly results.

More Views on News

Most Popular

How the 8-Year Cycle Can Help Identify Multibaggers(Fast Profits Daily)

Sep 11, 2020

This is how you can apply the greed and fear cycle in the market to pick stocks.

I Recommended this Stock over Page Industries because it's Relevant to Doubling Your Income(Profit Hunter)

Sep 7, 2020

Things are not often what they seem in the market and how you can take advantage of this.

The NASDAQ Whale Could Harm Your Portfolio(Fast Profits Daily)

Sep 7, 2020

The discovery of Softbank pushing up prices on the NASDAQ will cause volatility in the market. Stay alert!

This Could Be the Best September for Auto Stocks(Profit Hunter)

Sep 11, 2020

Here's why I think this month could be a great for auto stocks.

More

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

DHANLAXMI BANK SHARE PRICE


Sep 18, 2020 (Close)

TRACK DHANLAXMI BANK

  • Track your investment in DHANLAXMI BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON DHANLAXMI BANK

DHANLAXMI BANK 8-QTR ANALYSIS

COMPARE DHANLAXMI BANK WITH

MARKET STATS