Dhanlaxmi Bank Reports 50% Increase in Q4 Profit
Dhanlaxmi Bank posts Rs 43.5 crore profit in Q4
The Economic Times
Image: The Economic Times
Dhanlaxmi Bank, based in Kerala, India, reported a net profit of ₹43.5 crore (approximately $5.2 million USD) for the fourth quarter of FY26, marking a 50% increase from the previous year's profit of ₹29 crore. The bank's gross non-performing assets ratio improved to 1.9% from 2.9% a year earlier.
- 01Dhanlaxmi Bank's net profit reached ₹43.5 crore in Q4 FY26.
- 02The profit increased by 50% compared to ₹29 crore in the same quarter last year.
- 03Operating profit rose to ₹113.7 crore from ₹38.7 crore.
- 04The gross non-performing assets ratio improved to 1.9%.
- 05Provisions increased to ₹34.7 crore compared to ₹11.5 crore previously.
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Dhanlaxmi Bank, a private sector bank headquartered in Kerala, India, reported a net profit of ₹43.5 crore (approximately $5.2 million USD) for the fourth quarter of FY26, reflecting a significant 50% increase from ₹29 crore in the same quarter last year. The bank's operating profit also saw a substantial rise, reaching ₹113.7 crore, up from ₹38.7 crore. Additionally, the bank improved its gross non-performing assets (NPA) ratio to 1.9% at the end of March, down from 2.9% a year earlier. In terms of provisions, Dhanlaxmi Bank set aside ₹34.7 crore, a notable increase from ₹11.5 crore in the previous year, indicating a proactive approach to managing potential loan defaults.
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The improved profitability and reduced NPA ratio may enhance Dhanlaxmi Bank's lending capacity, potentially benefiting borrowers with better loan terms.
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