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Mr. Praveen Kutty, Managing Director & CEO DCB Bank
The Board of Directors of DCB Bank Ltd. at its meeting in Mumbai on January 24, 2025, approved the unaudited financial results for the quarter ended December 31, 2024 (Q3 FY 2025) along with limited review report by statutory auditors ‘Varma & Varma, Chartered Accountants’ and ‘B S R & Co. LLP, Chartered Accountants’.
Highlights:
1) The Bank’s Profit After Tax (PAT) for Q3 FY 2025 was at INR 151 Cr. In comparison Profit After Tax for Q3 FY 2024 was at INR 127 Cr., growth of 20%.
2) Advances growth year-on-year was at 23% and Deposits growth year-on-year was at 20%.
3) The Gross NPA as on December 31, 2024 was at 3.11%. Net NPA was at 1.18% as on December 31, 2024.
The Provision Coverage Ratio (PCR) as on December 31, 2024 was at 74.76% and PCR without considering Gold Loans NPAs was at 75.56%.
4) Capital Adequacy continues to be strong and as on December 31, 2024, the Capital Adequacy Ratio was at 16.29% (with Tier I at 13.54% and Tier II at 2.75% as per Basel III norms).
Speaking on the Q3 FY 2025 results Mr. Praveen Kutty, Managing Director & CEO said,
“We are happy to see the consistency of growth momentum both on advances and deposits. NIM has shown an uptick and fee momentum remains robust. While there are headwinds in the microfinance and unsecured space, we are able to improve the overall asset quality. The focus on productivity is improving the cost income ratio. We expect these positive trends to continue in the times ahead”.
Key Balance Sheet Parameters
INR Cr. |
Dec 31, 2025 |
Sep 30, 2024 |
Jun 30, 2024 |
Mar 31, 2024 |
Dec 31, 2023 |
Total Assets |
71,567 |
68,955 |
64,516 |
63,037 |
59,804 |
Deposits |
56,678 |
54,532 |
51,690 |
49,353 |
47,120 |
Net Advances |
47,780 |
44,465 |
42,181 |
40,925 |
38,951 |
Investments |
17,963 |
18,205 |
16,652 |
16,211 |
15,443 |
Shareholders’ Equity |
5,489 |
5,351 |
5,185 |
5,071 |
4,912 |
Gross NPA Ratio |
3.11% |
3.29% |
3.33% |
3.23% |
3.43% |
Net NPA Ratio |
1.18% |
1.17% |
1.18% |
1.11% |
1.22% |
Coverage Ratio |
74.76% |
75.62% |
76.00% |
77.30% |
76.42% |
CASA Ratio |
25.09% |
25.61% |
25.41% |
26.02% |
26.13% |
Credit Deposit Ratio |
84.30% |
81.54% |
81.60% |
82.92% |
82.66% |
DCB Bank Unaudited Results for the Quarter ended December 31, 2024
INR Cr. |
Q3 FY 2024-25 |
Q2 FY 2024-25 |
Q1 FY 2024-25 |
Q4 FY 2023-24 |
Q3 FY 2023-24 |
FY 2023-24 |
Interest Income |
1,671 |
1,568 |
1,489 |
1,445 |
1,374 |
5,362 |
Interest Expense |
(1,128) |
(1,059) |
(992) |
(937) |
(900) |
(3,434) |
Net Interest Income |
543 |
509 |
497 |
508 |
474 |
1,928 |
Non-Interest Income |
184 |
205 |
143 |
136 |
124 |
474 |
Total Income |
727 |
714 |
640 |
644 |
598 |
2,402 |
Operating Expenses |
(456) |
(459) |
(435) |
(410) |
(386) |
(1,538) |
Operating Profit |
271 |
255 |
205 |
234 |
212 |
864 |
Provisions other than Tax |
(67) |
(46) |
(28) |
(24) |
(41) |
(142) |
Net Profit Before Tax |
204 |
209 |
177 |
210 |
171 |
722 |
Tax |
(53) |
(54) |
(46) |
(54) |
(44) |
(186) |
Net Profit After Tax |
151 |
155 |
131 |
156 |
127 |
536 |