Private sector Dhanlaxmi Bank Friday reported doubling of its net profit to Rs 12.15 crore for the second quarter ended September 2018.
The bank had posted a net profit of Rs 6.06 crore in the July-September period of 2017-18.
There was a net loss of Rs 45 crore during the first quarter of 2018-19 fiscal.
Total income in the second quarter of the current fiscal year was down to Rs 226.73 crore as against Rs 282.30 crore earlier, the bank said in a regulatory filing.
On the assets front, the bank witnessed year-on-year deterioration as gross non-performing assets (NPAs) rose to 7.81 per cent of gross loans by end of September from 6.11 per cent previously. Sequentially, it improved from 8.94 per cent as at end-June.
In terms of provisions and contingencies, the bank reported a write-back of Rs 18.19 crore in the September quarter, while it had parked aside Rs 23.87 crore for the same quarter of the preceding fiscal.
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Provision coverage ratio as on September 30, 2018 stood at 82.50 per cent.
Stock of bank closed 4.86 per cent higher at Rs 17.25 on BSE.
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