Dhanlaxmi Bank reports 69% fall in Q1 net profit
4th Aug 2020

Dhanlaxmi Bank has reported results for first quarter ended June 30, 2020.

The Bank has reported 69.30% fall in its net profit at Rs 6.09 crore for the quarter under review as compared to Rs 19.84 crore for the same quarter in the previous year. However, total income of the Bank increased by 8.52% at Rs 278.62 crore for Q1FY20 as compared Rs 256.75 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 6.89%, as compared to 7.61% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.18% in Q1FY21.