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DCB Bank gains on reporting 50% rise in Q4 net profit

Mumbai : DCB Bank is currently trading at Rs. 208.95, up by 6.50 points or 3.21% from its previous closing of Rs. 202.45 on the BSE. The scrip opened at Rs. 200.95 and has touched a high and low of Rs. 210.75 and Rs. 200.25 respectively. So far 531167 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 210.75 on 22-Apr-2019 and a 52 week low of Rs. 139.50 on 01-Oct-2018.

Last one week high and low of the scrip stood at Rs. 210.75 and Rs. 190.55 respectively. The current market cap of the company is Rs. 6482.52 crore. The promoters holding in the company stood at 14.93%, while Institutions and Non-Institutions held 51.08% and 34.00% respectively.

The Bank has reported a rise of 50.02% in its net profit at Rs 96.33 crore for the quarter ended March 31, 2019, as compared to Rs 64.21 crore for the same quarter in the previous year. Total income of the Bank increased by 26.21% at Rs 926.46 crore for the quarter under review as compared Rs 734.05 crore for the quarter ended March 31, 2018.

For the year ended March 31, 2019, the Bank has posted a rise of 32.62% in its net profit at Rs 325.37 crore as compared to Rs 245.34 crore for the same period in the previous year. Total income of Bank increased 24.54% at Rs 3,391.65 crore for year under review as compared to Rs 2,723.26 crore for the period ended March 31, 2018.