DCB Bank gains on reporting 9% rise in Q4 net profit
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DCB Bank is currently trading at Rs. 138.20, up by 1.75 points or 1.28% from its previous closing of Rs. 136.45 on the BSE.
The scrip opened at Rs. 139.10 and has touched a high and low of Rs. 144.35 and Rs. 133.90 respectively. So far 1580144 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 163.40 on 08-Jan-2024 and a 52 week low of Rs. 101.35 on 27-Apr-2023.
Last one week high and low of the scrip stood at Rs. 144.35 and Rs. 117.40 respectively. The current market cap of the company is Rs. 4315.80 crore.
The promoters holding in the company stood at 14.77%, while Institutions and Non-Institutions held 42.40% and 42.83% respectively.
DCB Bank has reported results for fourth quarter (Q4) and year ended March 31, 2024.
The bank has reported 9.47% rise in its net profit at Rs 155.68 crore for the quarter under review as compared to Rs 142.21 crore for the same quarter in the previous year. Total income of the bank increased by 21.45% at Rs 1,580.82 crore for Q4FY24 as compared Rs 1,301.61 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the bank has reported 15.12% rise in its net profit at Rs 535.97 crore as compared to Rs 465.56 crore for the previous year. Total income of the bank increased by 26.61% at Rs 5,836.28 crore for year under review as compared to Rs 4,609.66 crore for year ended March 31, 2023.
