DCB Bank Q1 results: Net profit increases 3% to Rs 131 cr; NIM's moderate

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DCB Bank Q1 results: Net profit increases 3% to Rs 131 cr; NIM's moderate - Business Standard

Quick Summary:

The provision coverage ratio (PCR), including written-off accounts, stood at 76 per cent in June 2024 as against 77.

Non-interest income rose to Rs 143 crore in Q1FY25 from Rs 107 crore in Q1FY24.Advances expanded 18.9 per cent Y-o-Y to Rs 42,181 crore in Q1FY25.

The bank had posted a net profit of Rs 127 crore in the same quarter of FY24 (Q1FY24).Its stock closed 1.83 per cent up at Rs 133.35 per share on BSE.