DCB Bank reports 31% rise in Q1 consolidated net profit

DCB Bank Ltd. | Bank - Private | BFSI | BSE: 532772 | NSE: DCBBANK

29 Jul 2023 Evaluate

DCB Bank has reported results for first quarter ended June 30, 2023 (Q1FY24).

The Bank has reported 30.65% rise in its net profit at Rs 126.93 crore for the quarter under review as compared to Rs 97.15 crore for the same quarter in the previous year. Total income of the bank increased by 29.09% at Rs 1344.68 crore for Q1FY24 as compared Rs 1041.69 crore for the corresponding quarter previous year.

The bank’s gross NPAs to gross Advances for the April-June quarter of the current fiscal improved to 3.26% as compared to 4.21% in the same quarter of the previous year. Its net NPAs to gross Advances stood at 1.19% in Q1FY24.

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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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