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Dhanlaxmi Bank reports 74% fall in Q2 net profit

06 Nov 2021 Evaluate

Dhanlaxmi Bank has reported results for second quarter ended September 30, 2021.

The bank has reported 73.88% fall in its net profit of Rs 3.66 crore for the quarter under review as against net profit of Rs 14.01 crore for the same quarter in the previous year. However, total income of the bank increased 6.78% at Rs 266.59 crore for Q2FY22 as compared Rs 249.66 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 8.67%, as compared to 6.36% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 4.92% in Q2FY22.

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