Earnings Review
Dhanlaxmi Bk PAT at INR 121.8 mln vs INR-80-mln loss yr ago
This story was originally published at 21:23 IST on 21 July 2025
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--Dhanlaxmi Bank Apr-Jun PAT INR 121.8 mln vs INR 80.0 mln loss year ago
--Dhanlaxmi Bank Apr-Jun total income INR 4.07 bln vs INR 3.38 bln year ago
--Dhanlaxmi Bank Apr-Jun provisions INR 211.0 mln vs INR 47.1 mln year ago
--Dhanlaxmi Bank gross NPA ratio 3.22% as on Jun 30 vs 2.98% qtr ago
--Dhanlaxmi Bank net NPA ratio 1.13% as on Jun 30 vs 0.99% qtr ago
--Dhanlaxmi Bank Basel III capital adequacy ratio 18.26% as on Jun 30
--Dhanlaxmi Bank provision coverage ratio at 87.31% as on Jun 30
By Kabir Sharma
MUMBAI – Dhanlaxmi Bank reported a net profit of INR 121.8 million for Apr-Jun against an INR-80-million loss reported in the year-ago period on the back of strong growth in the bank's interest income. However, sequentially, the bank's bottom line fell nearly 60% as employee cost rose nearly 18% compared to a quarter ago.
Interest income of the bank rose to INR 3.68 billion in Apr-Jun from INR 3.06 billion a year ago. Sequentially, the interest income of the bank was largely unchanged from INR 3.51 billion in Jan-Mar. The bank's income on investments rose to INR 640.6 million in Apr-Jun from INR 581.1 million a year ago. Total income of the bank rose 20.5% on year to INR 4.07 billion in the quarter ended June.
Dhanlaxmi Bank's gross advances rose 17.3% on year to INR 124.84 billion as of Jun. 30, according to provisional figures released by the lender earlier this month. Gold loans by the private sector bank saw a sharp on-year rise of 28.1% to INR 40.39 billion as of Jun. 30.
The lender's total deposits rose 14.7% on year to INR 165.70 billion as on Jun. 30. The current account savings account deposits increased 3.8% on year to INR 46.75 billion. The bank's total business rose by 15.8% on year to INR 290.54 billion.
Segment wise, the retail banking revenue rose to INR 2.19 billion from INR 1.87 billion a year ago and the bank's treasury income also rose to INR 763.8 million from INR 600.1 million a year ago.
On the expenses side, employee cost of the bank rose to INR 836.7 million from INR 710.5 million a quarter ago. Total expenses of the bank rose almost 10% on year to INR 3.74 billion in the June quarter from INR 3.41 billion a year ago.
Provisions of the bank rose more than four times, weighing on the bottom line. Provisions in Apr-Jun rose to INR 211 million from INR 47.1 million a year ago. Sequentially, the provisions almost doubled from INR 115 million a quarter ago. Provision coverage ratio of the bank was at 87.31% as on Jun. 30.
In terms of asset quality, the gross non-performing asset ratio of the bank rose to 3.22% from 2.98% in the previous quarter. The net non-performing asset ratio of the bank also rose, hinting at a worsening asset quality, to 1.13% from 0.99% a quarter ago.
The Basel-III capital adequacy ratio of the bank was at 18.26% as on Jun. 30. On Monday, shares of the bank closed 3.2% lower at INR 29.13 on the National Stock Exchange. End
Edited by Deepshikha Bhardwaj
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