DCB Bank rose 4.66% to Rs 92 at 10:32 IST on BSE, extending recent gains triggered by good Q4 results.
The result was announced after market hours on Friday, 15 April 2016. Shares of DCB Bank jumped 5.52% to Rs 87.90 on Monday, 18 April 2016. The stock has risen 10:44% in two trading sessions from Rs 83.30 on Friday, 15 April 2016.
Meanwhile, the BSE Sensex was up 45.01 points, or 0.17%, to 25,861.37 .
On BSE, so far 2.70 lakh shares were traded in the counter, compared with an average volume of 1.57 lakh shares in the past one quarter. The stock hit a high of Rs 92.75 and a low of Rs 88.15 so far during the day. The stock hit a 52-week high of Rs 150.90 on 14 July 2015. The stock hit a 52-week low of Rs 68.50 on 21 January 2016. The stock had outperformed the market over the past one month till 18 April 2016, rising 13.49% compared with 3.46% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.33% as against Sensex's 6.73% rise.
The small-cap private sector bank has an equity capital of Rs 284.55 crore. Face value per share is Rs 10.
DCB Bank's net profit rose 10.45% to Rs 69.53 crore on 19.9% increase in total income to Rs 509.56 crore in Q4 March 2016 over Q4 March 2015.
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The bank's gross non-performing assets (NPAs) stood at Rs 197.38 crore as on 31 March 2016 as against Rs 234.88 crore as on 31 December 2015 and Rs 186.07 crore as on 31 March 2015. The ratio of gross NPAs to gross advances stood at 1.51% as on 31 March 2016 as against 1.98% as on 31 December 2015 and 1.76% as on 31 March 2015. The ratio of net NPAs to net advances stood at 0.75% as on 31 March 2016 as against 1.12% as on 31 December 2015 and 1.01% as on 31 March 2015. The bank's provisions and contingencies (excluding tax provisions) rose 90.3% to Rs 27.25 crore in Q4 March 2016 over Q4 March 2015.
There was a tax expense of Rs 23 lakh in Q4 March 2016 as against a tax reversal of Rs 9.26 crore in Q4 March 2015.
The bank's net profit rose 1.75% to Rs 194.52 crore on 20.8% increase in total income to Rs 1918.92 crore in the year ended March 2016 over the year ended March 2015.
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