Jaipur,April 18, 2019: The Board of Directors of DCB Bank Ltd. (BSE: 532772; NSE: DCB) at its meeting in Mumbai on April 18, 2019, took on record the audited financial results of the Fourth Quarter (Q4 FY 2019) and the Year ended March 31, 2019 (FY 2019).

 Q4 FY 2019 Highlights:

1. a) The Bank’s Profit After Tax was at INR 96 Cr. in Q4 FY 2019 as against INR 64 Cr. in Q4 FY 2018, an increase of 50%.
2. b) Profit Before Tax was at INR 151 in Q4 FY 2019 a stable growth as against INR 103 Cr. in Q4 FY 2018, an increase of 46%.
3. c) Operating Profit of INR 185 Cr. over INR 142 Cr. for the same period as compared to last
4. d) The Bank earned Net Interest Income of INR 301 Cr. as against INR 264 Cr. as compared to last
5. e) Non-Interest Income of INR 99 Cr. against INR 85 Cr. for the same period as compared to last
6. f) As compared to Q4 FY 2018, Cost Income Ratio has improved from 59.38% to 53.71% (by 67%).
7. g) Return on Equity (Annualised) was at 13.69% in Q4 FY 2019 as compared to 10.20% in Q4 FY 2019 and 12.64% in Q3FY
8. h) Net Advances grew to INR 23,568 as on March 31, 2019 from INR 20,337 Cr. as on March 31, 2018 a growth rate of 16%.) As on March 31, 2019, the Bank grew Deposits by 18% to INR 28,435 Cr. Retail CASA & Retail Term Deposits continued to provide a stable resource base to the Bank.
9. j) CASA ratio stood at 23.95% as on March 31, 2019 as against 24.33% as on March 31, 2018, Savings Accounts year on year growth rate was 24%.
10. k) Gross NPA ratio stood at 84% as on March 31, 2019 as compared to 1.79% as on March 31, 2018.
11. l) Net NPA ratio stood at 0.65% as on March 31, 2019 as compared to 0.72% as on March 31,
12. m) Capital Adequacy Ratio (CAR) remained strong at 16.81% as on March 31, 2019 with Tier I at 10% and Tier II at 3.71% as per Basel III norms.
13. n) As of March 31, 2019 the Net Restructured Standard Advances was approximately INR 21
14. o) The Bank’s branch network stood at 333 branches as on March 31,

 FY 2019 Highlights:

 

1. a) The Bank’s Profit After Tax was at INR 325 Cr. in FY 2019 as against INR 245 Cr. in FY 2018, an increase of 33%.
2. b) Profit Before Tax was at INR 507 in FY 2019 as against INR 386 Cr. in FY 2018, an increase of 31%.
3. c) Operating Profit of INR 647 Cr. over INR 525 Cr. for the same period as compared to last
4. d) The Bank earned Net Interest Income of INR 1,149 Cr. as against INR 995 Cr. as compared to last
5. e) Non-Interest Income of INR 350 Cr. against INR 310 Cr. for the same period as compared to last
6. f) As compared to FY 2018, Cost Income Ratio has improved from 79% to 56.88% (by 2.91%).
7. g) Return on Equity was at 08% in FY 2019 as compared to 10.31% in FY 2018.
8. h) Net Interest Margin for FY 2019 stands at 83% as against 4.16% for FY 2018.
9. i) As on March 31, 2019, Bank had refinance from NABARD, NHB and SIDBI of INR 2,017 Cr as against INR 1,240 Cr in FY

 DCB Bank Audited Results for the Quarter ended March 31, 2019

 

Rs. Cr.	Q4 FY 2018-19	Q4 FY 2017-18	Inc / Dec %	Q3 FY 2018-19	FY 2018-19	FY 2017-18
Interest Income	827	649	27%	777	3,041	2,413
Interest Expense	(526)	(385)	(37%)	(483)	(1892)	(1418)
Net Interest Income	301	264	14%	294	1,149	995
Non Interest Income	99	85	17%	94	350	310
Total Income	400	349	15%	388	1,499	1306
Operating Expenses	(215)	(207)	(4%)	(214)	(853)	(781)
Operating Profit	185	142	31%	174	647	525
Provisions other than Tax	(34)	(39)	10%	(40)	(140)	(139)
Net Profit Before Tax	151	103	46%	134	507	386
Tax	(54)	(39)	(41%)	(48)	(181)	(141)
Net Profit After Tax	96	64	50%	86	325	245

 

 Key Balance Sheet Parameters

 

Rs. Cr.	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Total Assets	35,792	34,382	32,510	31,178	30,222
Deposits	28,435	27,509	26,169	25,032	24,007
Net Advances	23,568	22,888	22,069	21,243	20,337
Investments	7,844	7,516	7,003	7,053	6,219
Shareholders’ Equity	3,116	3,017	2,931	2,854	2,808
Gross NPA Ratio	1.84%	1.92%	1.84%	1.86%	1.79%
Net NPA Ratio	0.65%	0.71%	0.70%	0.72%	0.72%
Coverage Ratio	78.77%	76.99%	76.82%	76.09%	75.72%
CASA Ratio	23.95%	24.25%	24.30%	24.63%	24.33%
Credit Deposit Ratio	82.88%	83.20%	84.33%	84.86%	84.71%

Speaking about the performance Mr. Murali M. Natrajan, Managing Director & CEO said, “Our aim is to deliver measured and balanced growth while focusing on steady improvement in Cost to Income Ratio, Return on Assets and Return on Equity. We are succeeding in our efforts to improve productivity and capital utilization and the same is reflected in our performance”