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Dhanlaxmi Bank slips despite reporting net profit of Rs 20 crore in Q1

17 Jul 2019 Evaluate

Dhanlaxmi Bank is currently trading at Rs. 18.20, down by 0.25 points or 1.36% from its previous closing of Rs. 18.45 on the BSE.

The scrip opened at Rs. 18.70 and has touched a high and low of Rs. 19.40 and Rs. 17.90 respectively. So far 374393 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 21.25 on 26-Apr-2019 and a 52 week low of Rs. 10.80 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 19.40 and Rs. 17.60 respectively. The current market cap of the company is Rs. 456.69 crore.

The Institutions and Non-Institutions holding in company stood at 13.71% and 86.29% stake respectively in the company.

Dhanlaxmi Bank has reported net profit of Rs 19.84 crore for the quarter ended June 30, 2019 against net loss of Rs 44.99 crore for the same quarter in the previous year. Total income of the Bank increased by 0.15% at Rs 256.75 crore for Q1FY20 as compared Rs 256.36 crore for the corresponding quarter previous year.  

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 7.61%, as compared to 8.94% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.35% in Q1FY20.

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