DCB bank gains on good Q4 numbers

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DCB bank gains on good Q4 numbers
Shares of the DCB Bank gained more than 1% on Friday after the bank posted better than expected Q4 numbers.

DCB Bank reported full year net profit of Rs. 102 Cr. in FY 2013 as against full year net profit of Rs. 55 Cr. in FY 2012.

The Bank's net profit for Q4 FY 2013 was Rs. 34 Cr. as against net profit of Rs. 17 Cr. in Q4 FY 2012.

The bank's net advances grew to Rs. 6,586 Cr. as on March 31, 2013 from Rs. 5,284 Cr. as on March 31, 2012 a growth rate of 25%.

Net Interest Margin for FY 2013 stands at 3.34% as against 3.25% for FY 2012. Q4 FY 2013 NIM was at 3.52% as against 3.12% for Q4 FY 2012

Shares of the bank were seen trading at Rs 43.50 higher by 0.81% on BSE. It touched an intraday high of Rs 45.45.


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