DCB Bank announces Full Year FY 2018 Results

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Mumbai: The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in Bengaluru on April 14, 2018, took on record the audited financial of the Fourth Quarter (Q4 FY 2018) and the Year ended March 31, 2018 (FY 2018).

FY 2018 Highlights:

  1. a) The Bank’s branch network stood at 318 branches as on March 31, 2018.
  2. b) The Bank’s Profit After Tax was INR 245 Cr. in FY 2018 as against INR 200 Cr. in FY 2017, an increase of 23%.
  3. c) Profit Before Tax was INR 386 Cr. in FY 2018 as against INR 307 Cr. in FY 2017, an increase of 26%.
  4. d) Operating Profit of INR 525 Cr. over INR 418 Cr. as compared to last year, an increase of 26%.
  5. e) The Bank earned Net Interest Income of INR 995 Cr. as against INR 797 Cr. for the same period as compared to last year, an increase of 25%.
  6. f) Non-Interest Income was INR 310 Cr. against INR 249 Cr. for the same period last year, an increase of 25%. Core Fee Income (Commission, Exchange & Brokerage) grew by 33% as compared to same period last year.
  7. g) Net Advances grew to INR 20,337 Cr. as on March 31, 2018 from INR 15,818 Cr. as on March 31, 2017 a growth rate of 29%.
  8. h) As on March 31, 2018, the Bank grew Deposits by 24% to INR 24,007 Cr. Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Retail Deposits (including Agri and Inclusive Banking) were 74% of Total Deposits.
  9. i) CASA ratio stood at 24.33% as on March 31, 2018 as against 24.31% as on March 31, 2017, with Savings Accounts year on year growth rate of 27%.
  10. j) Net Interest Margin (NIM) for FY 2018 stands at 4.16% as against 4.04% for FY
  11. k) Gross NPA ratio remained at 1.79% as on March 31, 2018 as compared to 1.59% as on March 31, 2017. As of March 31, 2018 the Net Restructured Standard Advances was approximately INR 34 Cr. comprising of 5 accounts only.
  12. l) Net NPA ratio remained at 0.72% as on March 31, 2018 as compared to 0.79% as on March 31, 2017. Provision Coverage was at 75.72% as on March 31, 2018.
  13. m) Capital Adequacy Ratio (CAR) was at 16.47% as on March 31, 2018 with Tier I at 72% and Tier II at 3.75% as per Basel III norms. Year-to-date Profit After Tax has been considered in CAR.

Q4 FY 2018 Highlights:

  1. a) The Bank’s Profit After Tax was at INR 64 Cr. in Q4 FY 2018 as against INR 53 Cr. in Q4 FY 2017.
  2. b) Profit Before Tax was at INR 103 Cr. in Q4 FY 2018, an increase of 26% as against INR 81 Cr. in FY 2017.
  3. c) Operating Profit of INR 142 Cr. over INR 115 Cr. as compared to last year, an increase by 23%.
  4. d) The Bank earned Net Interest Income of INR 264 Cr. as against INR 220 Cr. for the same period as compared to last year, a growth rate of 20%.
  5. e) Non-Interest Income of INR 85 Cr. against INR 63 Cr. for the same period as compared to last year, an increase of 34%.

Speaking about the FY 2018 performance Mr. Murali M. Natrajan, Managing Director & CEO said, “Branch expansion strategy seems to be delivering expected outcomes, so far we are making satisfactory progress. Our intention is to achieve steady, consistent and profitable growth while ensuring low NPAs.”

DCB Bank Unaudited Results for the Quarter ended March 31, 2018

INR. Cr. Q4 FY Q4 FY Inc / Dec Q3 FY FY FY
2017-18 2016-17 % 2017-18 2017-18 2016-17
Interest Income 649 549 18% 610 2,413 2,076
Interest Expense (385) (329) (17%) (360) (1,418) (1,279)
Net Interest Income 264 220 20% 250 995 797
Non Interest Income 85 63 34% 75 310 249
Total Income 349 284 23% 325 1,306 1,046
Operating Expenses (207) (168) (23%) (203) (781) (628)
Operating Profit 142 115 23% 123 525 418
Provisions other than Tax (39) (34) (14%) (34) (139) (111)
Net Profit Before Tax 103 81 26% 88 386 307
Tax (39) (28) (35%) (31) (141) (107)
Net Profit After Tax 64 53 21% 57 245 200

 

INR. Cr. Mar 31, Dec 31, Sep 30, Jun 30, Mar 31,
2018 2017 2017 2017 2017
Total Assets 30,222 27,151 25,908 24,345 24,046
Deposits 24,007 21,296 20,567 19,155 19,289
Net Advances 20,337 18,595 17,395 16,266 15,818
Investments 6,219 5,714 5,711 5,584 5,818
Shareholders’ Equity 2,808 2,743 2,685 2,625 2,205
Gross NPA Ratio 1.79% 1.89% 1.80% 1.74% 1.59%
Net NPA Ratio 0.72% 0.87% 0.90% 0.92% 0.79%
Coverage Ratio 75.72% 73.36% 71.96% 71.83% 73.80%
CASA Ratio 24.33% 25.67% 25.88% 26.85% 24.31%
Credit Deposit Ratio 84.71% 87.32% 84.58% 84.92% 82.00%

 

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