DCB Bank surges on reporting 46% rise in Q4 net profit
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DCB Bank is currently trading at Rs. 84.40, up by 6.35 points or 8.14% from its previous closing of Rs. 78.05 on the BSE.
The scrip opened at Rs. 81.50 and has touched a high and low of Rs. 84.95 and Rs. 80.15 respectively. So far 186925 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.45 on 17-Jun-2021 and a 52 week low of Rs. 68.05 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 81.20 and Rs. 76.30 respectively. The current market cap of the company is Rs. 2542.54 crore.
The promoters holding in the company stood at 14.86 % while Institutions and Non-Institutions held 47.52 % and 37.63 % respectively.
DCB Bank has reported a rise of 45.60% in its net profit at Rs 113.44 crore for the quarter under review as compared to Rs 77.91 crore for the same quarter in the previous year. Total income of the bank increased by 7% at Rs 1034.71 crore for Q4FY22 as compared Rs 967.04 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a fall of 14.38 % in its net profit at Rs 287.5 crore as compared to Rs 335.79 crore for the previous year. However, total income of the bank increased by 1.56% at Rs 3,964.81 crore for year under review as compared to Rs 3,904.04 crore for year ended March 31, 2021.
