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Saturday, May 18, 2013

Dhanlaxmi Bank Jan-Mar quarter net at Rs 28.66 cr

Private sector lender Dhanlaxmi Bank posted net profit of Rs 28.66 crore for the last quarter ended March 31 of 2012-13.

The South-India based bank had reported a net loss of Rs 86.51 crore over the same quarter (January-March) in the previous fiscal.

Total income of the bank during the fourth quarter of 2012-13 was marginally higher at Rs 369.25 crore, from Rs 365.42 crore a year ago, it said in a filing to the BSE.

For the full year 2012-13, the bank posted net profit of Rs 2.62 crore. The lender had made a loss of Rs 115.63 crore in 2011-12 fiscal year.

Total income in the FY13 fell to Rs 1,422.30 crore from Rs 1,537.30 crore in FY12.

Bank’s net non-performing assets (NPAs) or bad loans rose to 3.36 per cent in the fourth quarter 2012-13, from 0.66 per cent a year earlier.

Gross NPAs increased to 4.82 per cent during the quarter under review, from 1.18 per cent a year ago.

In absolute terms, net NPAs stood at Rs 261.02 crore during January-March from Rs 58 crore a year ago. Gross NPAs during this period were at Rs 380.27 crore versus Rs 104.27 crore.

Shares of the bank today closed at Rs 46.45 apiece on the BSE, up 0.11 per cent from the previous close.

Source: thehindubusinessline


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