Dhanlaxmi Bank Q3 Results | Net profit zooms over 6x to ₹20 crore with double-digit NII growth

Thrissur-based private lender Dhanlaxmi Bank Ltd on Tuesday (February 4) reported a 563.33% year-on-year (YoY) spike in net profit at ₹19.9 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Dhanlaxmi Bank posted a net profit of ₹3 crore.CompanyValueChange%ChangeNet interest income (NII) increased 12.5%, coming at ₹128.3 crore against ₹114 crore in the corresponding quarter of FY24. The gross non-performing asset (GNPA) stood at 3.53% in the December quarter against 3.82% in the September quarter. Net NPA (NNPA) came at 0.86% against 1.12% quarter-on-quarter.Also Read: JK Tyre Q3 Results | Net profit plunges 77% on lower margins, rising raw material costsDhanlaxmi Bank announced the allotment of 14,16,86,767 equity shares of face value ₹10 each on a rights basis, as part of its rights issue approved by the board earlier. The shares were allotted at a price of ₹21.00 per share, including a premium of ₹11.00 per share, amounting to a total of ₹297.54 crore.The results came after the close of the market hours. Shares of Dhanlaxmi Bank Ltd ended at ₹24.93, down by ₹0.68, or 2.66%, on the BSE.Also Read: Torrent Power Q3 Results | Net profit surges 31% to ₹489 crore; declares interim dividend

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