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DHANLAXMI BANK Announces Quarterly Results (4QFY18); Net Profit Down 294.8%

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DHANLAXMI BANK Announces Quarterly Results (4QFY18); Net Profit Down 294.8%
Thu, 19 Jul

DHANLAXMI BANK has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

DHANLAXMI BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Operating incomeRs m2,6792,4842,464-0.8%-8.0%
Other incomeRs m28521729736.9%4.2%
Total revenuesRs m2,9632,7012,7612.2%-6.8%
InterestRs m1,8331,6471,607-2.4%-12.3%
Gross Profit Rs m8458378572.4%1.4%
Other expensesRs m746788525-33.4%-29.6%
Profit before taxRs m88-217-172-294.8%
TaxRs m0000.0%0.0%
Profit after taxRs m88-217-172-294.8%
Gross profit margin %31.633.734.8
Effective tax rate%0.00.00.0
Net profit margin%3.3-8.8-7.0
* 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 fell 8.0% on a year-on-year (YoY) basis. The interest expended was down by 12.3% YoY during the same period.
  • The bank's operating profit increased by 1.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.8% in 4QFY18 as against 31.6% in 4QFY17.
  • Other income increased by 4.2% YoY during the quarter.
  • Net profit for the quarter declined by 294.8% YoY. Net profit margins during the quarter declined from 3.3% in 4QFY17 to 7.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 0.8% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 2.4% QoQ during the same period.
  • The bank's operating profit increased by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 34.8% in 4QFY18 as against 33.7% in 3QFY17.
  • Net profit for the quarter declined by 21.1% QoQ, while net profit margins increased from 8.7% in 3QFY17 to 7.0% in 4QFY18.

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 42.8 to Rs 16.0, registering a Loss of Rs -26.8 or around 62.6%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 29,605.7 (down 0.4%). Over the last one year it has moved up from 27,375.4 to 29,605.7, a gain of 2,230.3 points (up 8.1%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 16.0, the price to earnings (P/E) ratio of DHANLAXMI BANK stands at NM times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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