DCB Bank stock falls 9% after Q1FY19 numbers

Shares of DCB Bank Ltd fell 9% after the bank reported its Q1FY19 numbers on Saturday, June 14. The bank’s Q1FY19 NII has improved 17.1% yoy to Rs273cr against Rs233.2cr reported in the same period of the previous fiscal. Its net profit was also in-line with estimates and has improved 6.6% yoy to Rs69.5cr as against Rs65.2cr reported last year. DCB Bank share price is currently at Rs165.25, down Rs14.2, or 7.91%, from its previous close of Rs179.45 on the BSE. GNPA for Q1FY19 came at 1.86% against 1.79% qoq, which has increased by 7bps. NNPA for the quarter were flat qoq at 0.72%. Net interest margin for Q1FY19 was at 3.90% as against 4.23% for Q1FY18 and 4.09% for Q4FY18. The management stated that margins are under pressure, especially in the mortgage and corporate loan book.

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