*DCB Bank Ltd. -S* | *CMP* Rs. 181 | *M Cap* Rs. 5622 Cr | *52 W H/L* 245/148
(Nirmal Bang Retail Research)
*Result is in-line with expectations*
Net Interest Income came at Rs. 313.4 Cr vs expectation of Rs. 314.4 Cr, YoY Rs. 281.8 Cr, QoQ Rs. 304.8 Cr
Non Interest Income came at Rs. 101.4 Cr vs expectation of Rs. 95.2 Cr, YoY Rs. 73.5 Cr, QoQ Rs. 86.8 Cr
PBP came at Rs. 184.5 Cr vs expectation of Rs. 173.8 Cr, YoY Rs. 146.1 Cr, QoQ Rs. 166.5 Cr
Provisions came at Rs. 43.3 Cr vs expectation of Rs. 44 Cr, YoY Rs. 31.9 Cr, QoQ Rs. 40.6 Cr
Adj. PAT came at Rs. 91.4 Cr vs expectation of Rs. 90.9 Cr, YoY Rs. 73.4 Cr, QoQ Rs. 81.1 Cr
Gross NPA came at Rs. 523.2 Cr vs QoQ Rs. 476.4 Cr at 2.09% vs QoQ 1.96%
Net NPA came at Rs. 237.9 Cr vs QoQ Rs. 195.8 Cr at 0.96% vs QoQ 0.81%
Quarter EPS is Rs. 2.9
Share is trading at P/E of 14x FY20E EPS & 1.9x trailing P/Adj. BV
Slippages came at Rs. 160.9 Cr vs QoQ Rs. 145.4 Cr with slippage ratio of 2.6% vs QoQ 2.42%