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Dhanlaxmi Bank jumps 7% on reporting profit in Q4
Gross NPA was down at 7.47% versus 8.11%, while net NPA was down at 2.41% versus 2.93%, QoQ.
Share price of Dhanlaxmi Bank rose more than 7 percent intraday Wednesday after the company reported a net profit in the fourth quarter ended March 2019 (Q4FY19).
The company has reported net profit at Rs 27.6 crore in Q4FY19 against loss of Rs 17.2 crore in a year ago period.
Net interest income of the company rose 1.5 percent at Rs 87 crore against Rs 86 crore.
Gross NPA was down at 7.47% versus 8.11%, while net NPA was down at 2.41% versus 2.93%, QoQ.
Provisions for the quarter was at Rs 16.3 crore against Rs 20.2 crore.
At 14:36 hrs Dhanlaxmi Bank was quoting at Rs 20.25, up to Rs 0.55, or 2.79 percent on the BSE.
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