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Informist, Monday, Apr. 20, 2026

 

By Durgesh Nandan

 

MUMBAI – DCB Bank Ltd. is expected to report a moderate growth in its net profit for the March quarter supported by a decent growth in loans and stable operating expenses, according to brokerages tracking the bank. Its net interest income is also expected to increase substantially from a year-ago period, the brokerages added.  

 

The private sector bank is likely to report a net profit of nearly INR 2.0 billion, up nearly 12% on year and almost 7% on quarter, according to the average of estimates from 10 brokerages. The highest estimate for DCB Bank's net profit for the March quarter is INR 2.08 billion by SMIFS while the lowest estimate is INR 1.85 billion by Prabhudas Lilladher Pvt. Ltd.

 

The bank's net interest income is expected to be over INR 6.54 billion for the reporting quarter, a more than 17% increase on year, according to the average of estimates. On a sequential basis, it is likely to rise nearly 5%. Estimates for the bank's net interest income range from a high of INR 6.69 billion by Motilal Oswal Financial Services Ltd. to a low of INR 6.38 billion by JM Financial Institutional Securities Pvt. Ltd.  

 

Most of the brokerages expect the bank's net interest margin to remain flat or decline marginally on quarter. However, a few see it up slightly on quarter.  Overall, net interest margin is expected to be in the range of 3.0-3.31%, reflecting a cut in lending rates, which is likely to be partially offset by a re-pricing of deposits, brokerages said. The brokerages see deposits growing by nearly 20% on year.

 

Operating expenses are expected to have risen 10% in the March quarter, compared with 15% in the year-ago period. "We expect operating profits to grow ~12% yoy led by healthy loan growth and stable opex (operating expenditure) growth," Kotak Securities said in its brokerage report. 

 

DCB Bank's growth momentum, net interest margin and asset quality will be the key metrics to monitor when the lender releases its earnings on Friday.

 

Last week, DCB Bank said it will consider raising funds by issuing debt securities and equity shares through qualified institutional placement. Earlier this month, DCB Bank was fined INR 2.96 million for neglecting to maintain the prescribed loan-to-value ratio in certain non-agricultural gold loan accounts during the tenure of these loans.

 

The ongoing West Asia conflict will have limited impact on the banking sector's March quarter earnings with continued pickup in loan growth, varied NIMs' trajectories and stable asset quality trends, JM financial said in its report. 

 

At 1100 IST, shares of DCB Bank were trading 1.27% higher at INR 192. 25 apiece on the National Stock Exchange. The stock is down nearly 5% from Jan. 27, a day after the company had reported its earnings for the December quarter. 

 

Of the 10 brokerage reports on the bank available with Informist, all have a 'buy' or equivalent recommendation on the stock with an average target price of INR 207 per share. This is 9% higher than the current market price.  

 

Following are the March quarter earnings estimates for DCB Bank from 10 brokerages in descending order of the estimates of net profit in INR billion:

 

BROKERAGE	NET PROFIT	NII
SMIFS Ltd.	2.08	6.62
JM Financial Institutional Securities Pvt Ltd	2.05	6.38
ICICI Securities Ltd	2.05	6.50
Motilal Oswal Financial Services Ltd	2.02	6.69
Equirus Securities Pvt Ltd	1.99	6.50
Anand Rathi Share and Stock Brokers Ltd	1.94	6.52
YES Securities (India) Ltd	1.94	6.68
Kotak Securities Ltd	1.93	6.55
Elara Securities (India) Pvt Ltd	1.92	6.45
Prabhudas Lilladher Pvt Ltd	1.85	6.50
Average	1.98	6.54

 

 

End

 

Edited by Deepshikha Bhardwaj

 

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