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

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DHANLAXMI BANK Announces Quarterly Results (3QFY20); Net Profit Up 25.9%
Thu, 6 Feb

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

DHANLAXMI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Operating incomeRs m2,4512,5332,509-1.0%2.4%
Other incomeRs m27123535048.7%29.2%
Total revenuesRs m2,7222,7692,8593.3%5.0%
InterestRs m1,5391,5271,5400.8%0.1%
Gross Profit Rs m9121,007969-3.7%6.2%
Other expensesRs m81276786212.4%6.2%
Profit before taxRs m169221213-3.6%25.9%
TaxRs m0000.0%0.0%
Profit after taxRs m169221213-3.6%25.9%
Gross profit margin %37.239.738.6
Effective tax rate%0.00.00.0
Net profit margin%6.98.78.5
* 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 2.4% on a year-on-year (YoY) basis. The interest expended was up by 0.1% YoY during the same period.
  • The bank's operating profit increased by 6.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.6% in 3QFY20 as against 37.2% in 3QFY19.
  • Other income increased by 29.2% YoY during the quarter.
  • Net profit for the quarter increased by 25.9% YoY. Net profit margins during the quarter increased from 6.9% in 3QFY19 to 8.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.8% QoQ during the same period.
  • The bank's operating profit declined by 3.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.6% in 3QFY20 as against 39.7% in 2QFY19.
  • Net profit for the quarter declined by 3.6% QoQ, while net profit margins declined from 8.7% in 2QFY19 to 8.5% in 3QFY20.

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

REVEALED: How to Potentially Increase Your Monthly Income Without Working 24x7

DHANLAXMI BANK Share Price Performance

Over the last one year,DHANLAXMI BANK share price has moved down from Rs 16.0 to Rs 14.5, registering a Loss of Rs 1.5 or around 9.3%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 35,428.8 (down 0.1%). Over the last one year it has moved up from 30,704.5 to 35,428.8, a gain of 4,724 points (up 15.4%).

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 14.5, the price to earnings (P/E) ratio of DHANLAXMI BANK stands at 2.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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

Nov 4, 2019 | Updated on Nov 4, 2019

For the quarter ended September 2019, DHANLAXMI BANK has posted a net profit of Rs 221 m (up 81.6% YoY). Sales on the other hand came in at Rs 3 bn (up 3.6% YoY). Read on for a complete analysis of DHANLAXMI BANK's quarterly results.

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

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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.

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