The shares of a Kerala-Based Smallcap Bank posted an impressive 551% growth in Net Profits for this quarter, and as a result the shares gained as much as 4.7% in today’s morning session.
Share Price Movement
The shares of Dhanlaxmi Bank Ltd, with a market capitalization of ₹1,025.03 Crores, as of noon were trading around ₹ 26.07 per share, 4.7% higher than the previous close of ₹24.91. The shares generated a return of 115% in the past 3 years and 121% in the past 5 years respectively.
Q3FY25 Results
The company reported a 551% increase in Net Profits from ₹3.05 Crores in Q3FY24 to ₹19.85 Crores in Q3FY25. However, on a quarterly basis Net Profits reduced 23% from ₹ 25.8 Crores in Q2FY25.
Its Net Interest Income gave a double digit growth of 12.6% from ₹114 Crores to ₹128.34 Crores over the same period. On a quarterly basis, NII grew 6.2% from ₹120.83 Crores in Q2FY25.
Its Gross NPA reduced from ₹496 Crores in Q3FY24 to ₹401 Crores in Q3FY25 and Net NPA reduced from ₹126 Crores to ₹95 Crores during the same period.
Its Networth increased by 7% from ₹798.8 Crores in Q3FY24 to ₹855.4 Crores in Q3FY25.
The company’s operating margin increased YoY from 3.25% to 7.05% and its Net Profit Margin grew YoY from 0.89% to 5.27% over the same period.
Segment Revenue
Revenue from retail banking increased by 18% from ₹183.5 Crores in Q3FY24 to ₹216.2 Crores in Q3FY25. And Corporate/Wholesale banking revenue grew by 6% YoY from ₹93.3 Crores to ₹99.2 Crores.
However, revenue from Treasury declined by 7% YoY from ₹63.6 Crores to ₹59.2 Crores. Similarly, Revenue from other banking operations declined by 27% YoY from ₹3 Crores to ₹2.2 Crores over the same period.
Total Revenue increased by 10% YoY from ₹343 Crores to ₹377 Crores this quarter.
About Dhanlaxmi Bank
Dhanlaxmi Bank Ltd. is an Indian private sector bank incorporated in 1927 at Thrissur, Kerala engaged in providing various banking and financial services. It consists of 560 touch points including 261 Branches, 282 ATMs, and 17 BCs and is spread over the States of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Delhi and West Bengal.
Written By Adhvaitha Nayani
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