DCB Bank First Cut– Stable asset quality …Profit beat expectation
· Q3 Net profit Rs96.2cr (down 1% YoY)
· Operating Profit Rs277.3cr (up 46% YoY)
· Total Income Rs1034cr (up 3.3% YoY)
· GNPA 1.96% vs 2.3% (QoQ)- expectation 3.1%
· NPA 0.59% vs 1% - expectation 0.8%
· Provision Rs147.7cr vs Rs59cr – expectation Rs110cr