Development Credit Bank
Limited
NSE Symbol DCB
DEVELOPMENT CREDIT BANK has performed well in the third
quarter (Q3 FY 2012) ending Dec,2011.
Interest on Advances has
risen to Rs.135.35 cr in Q3 (Current Qtr)
– compared to Rs.132.93 in Q2 FY 12, the previous
Qtr (Up by 1.82%); and Rs.104.71 cr (Up by 29.26%) in Q3 FY 11 (corresponding Qtr)
Income
on Investments has grown in current Qtr to Rs.45.58 cr –
compared to Rs.43.65 cr in previous qtr (Up by 4.42%) and Rs.34.83 cr in
corresponding Qtr (Up by 30.89%).
Interest
Earned has gone up in current Qtr to Rs.183.48
cr – from Rs.178.52 cr in previous Qtr (Up by 2.78%) ; and Rs.140.22 Cr in
corresponding Qtr (up by 30.85%).
Total
Income Stands at Rs.209.72 cr in current Qtr –
compared to Rs.201.66 cr in previous qtr (Up by 4%) ; and Rs.166.23 cr in
corresponding Qtr (Up by 26.16%).
Interest
Expended stands at Rs.123.81 cr in current
Qtr – compared to Rs.119.43 in previous qtr (Up by 3.67%) and Rs.90.91 Cr in
corresponding Qtr (Up by 36.19%).
NET Interest
Income (Earned – Expended)
stands at Rs.59.67 Cr in current Qtr – compared to Rs.59.01 Cr (Up by 0.97%) in
previous qtr ; and Rs.49.31 cr (Up by 21.01%) in corresponding Qtr.
Total
Expenditure stands at Rs.187.21 cr in current
Qtr – compared to Rs.180.79 in previous Qtr (Up by 3.55%) – and Rs.145.59 Cr in
corresponding Qtr (Up by 28.59%).
Operating
Profit stands at Rs.22.51 cr in current Qtr
– compared to Rs.20.87 cr in previous qtr (Up by 7.88%) and Rs.20.65 Cr in
corresponding Qtr (Up by 9.03%).
Provisions amount to Rs.6.87 Cr in current Qtr
– compared to Rs.7.54 cr in previous qtr
(down by -8.9%) and Rs.9.38 cr in corresponding Qtr (down by -26.75%).
Profit
before tax amounts to Rs.15.64 Cr in current
Qtr – compared to Rs.13.33 cr (Up by 17.36%)in previous qtr ; and Rs.11.27 cr (Up by 38.79%) in corresponding
Qtr.
Net
Profit stands
at Rs.15.64 Cr in current Qtr – compared to Rs.13.33 Cr (Up by 17.36%) in previous Qtr and Rs.8.17 Cr
(Up by a huge 91.46%) in corresponding Qtr.
Paid-up
Equity is high at Rs.200.31 Cr – for the current
level of operations.
Capital Adequacy Ratio is reasonable at 13.
% of
Gross/Net NPA stands at 1.03 in Q3 FY 12; compared
to 0.97 in Q2 FY 12, the previous Qtr; and 1.3 in Q3 FY 11, the corresponding
Qtr.
Return
on Assets stands at 0.77 – compared to 0.68 in
previous qtr and 0.47 in corresponding qtr (Up by 63.83%).
Basic
EPS stands at Rs.0.78 in Q3 FY 12; Rs.0.67
in Q2 FY 12; Rs.0.44 in Q1 FY 12; Rs.0.57 in Q4 FY 11; and Rs.0.41 in Q3 FY 12.
Thus, there is steady improvement in EPS from quarter to quarter. The total
annual EPS is likely to be around Rs.2.67 on a
Face value of Rs.10.
The current
Market price is Rs.41.70 while the 52 week high price is Rs.66 and the 52
week low price is Rs.30.20.
The PE Ratio is 15.62,. DCB is one of the small Banks but is growing
steadily.
RESULTS TABLE :
|
D C B
|
31-Dec-11
|
30-Sep-11
|
% DIF 1
|
30-Jun-11
|
31-Mar-11
|
31-Dec-10
|
% DIF 2
|
|
Interest on Advances
|
13535.18
|
13292.63
|
1.82
|
12277.97
|
11270.69
|
10471.45
|
29.26
|
|
Income on Investments
|
4558.4
|
4365.37
|
4.42
|
3737.55
|
3539.94
|
3482.58
|
30.89
|
|
Income on Balances With RBI
|
177.39
|
178.71
|
-0.74
|
148.81
|
12.13
|
67.86
|
161.41
|
|
Others
|
77.22
|
15.77
|
389.66
|
-
|
-
|
-
|
|
|
Interest Earned
|
18348.19
|
17852.48
|
2.78
|
16164.33
|
14822.76
|
14021.89
|
30.85
|
|
Other Income
|
2623.9
|
2313.02
|
13.44
|
2344.43
|
2925.47
|
2601.42
|
0.86
|
|
Total Income
|
20972.09
|
20165.5
|
4
|
18508.76
|
17748.23
|
16623.31
|
26.16
|
|
Interest Expended
|
12381.32
|
11942.73
|
3.67
|
10975.97
|
9804.15
|
9091.19
|
36.19
|
|
Employees Cost
|
3168.05
|
3153.54
|
0.46
|
3041.14
|
2920.66
|
2731.89
|
15.97
|
|
Other Operating Expenses
|
3171.81
|
2982.65
|
6.34
|
2839.3
|
2823.67
|
2735.72
|
15.94
|
|
Operating Expenses
|
6339.86
|
6136.19
|
3.32
|
5880.44
|
5744.33
|
5467.61
|
15.95
|
|
Total Expenditure
|
18721.18
|
18078.92
|
3.55
|
16856.41
|
15548.48
|
14558.8
|
28.59
|
|
Operating Profit
|
2250.91
|
2086.58
|
7.88
|
1652.35
|
2199.75
|
2064.51
|
9.03
|
|
Provisions
|
686.81
|
753.88
|
-8.9
|
769.26
|
803.78
|
937.58
|
-26.75
|
|
Profit before tax
|
1564.1
|
1332.7
|
17.36
|
883.09
|
1395.97
|
1126.93
|
38.79
|
|
Tax Expense
|
-
|
-
|
-
|
261.34
|
310
|
||
|
Net Profit
|
1564.1
|
1332.7
|
17.36
|
883.09
|
1134.63
|
816.93
|
91.46
|
|
Face Value (Rs.)
|
10
|
10
|
0
|
10
|
10
|
10
|
0
|
|
Paid-up Equity
|
20030.66
|
20022.75
|
0.04
|
20019.91
|
20017.12
|
20016.1
|
0.07
|
|
Capital Adequacy Ratio
|
13
|
13.1
|
-0.76
|
12.92
|
13.25
|
13.39
|
-2.91
|
|
Basic EPS
|
0.78
|
0.67
|
16.42
|
0.44
|
0.57
|
0.41
|
90.24
|
|
Gross/Net NPA
|
4427
|
4205
|
5.28
|
5044
|
4123
|
5150
|
-14.04
|
|
% of Gross/Net NPA
|
1.03
|
0.97
|
6.19
|
1.19
|
0.97
|
1.3
|
-20.77
|
|
Return on Assets
|
0.77
|
0.68
|
13.24
|
0.47
|
0.63
|
0.47
|
63.83
|
|
Public holding (%)
|
76.94
|
76.93
|
0.01
|
76.92
|
76.92
|
76.92
|
0.03
|
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