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

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 (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.

Equitymaster requests your view! Post a comment on "DHANLAXMI BANK Announces Quarterly Results (4QFY18); Net Profit Down 294.8%". 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.

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.

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.

More Views on News

Most Popular

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

Why We Picked This Smallcap Stock for a Post Coronavirus World(Profit Hunter)

May 28, 2020

Covid-19 has made it a survival of the fittest race for many companies. The ones that can adapt will thrive in a post crisis world.

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

Who Will Be Crowned the 'Multibagger Blue Chip' of the Decade?(Profit Hunter)

May 25, 2020

Will the mutlibagger blue chips of the past decade continue to rule the bourses?

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

SHREE RENUKA SUGARS SHARE PRICE


Jun 5, 2020 (Close)

TRACK SHREE RENUKA SUGARS

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

MORE ON SHREE RENUKA SUGARS

SHREE RENUKA SUGARS 5-YR ANALYSIS

COMPARE SHREE RENUKA SUGARS WITH

MARKET STATS