Dhanlaxmi Bank Reports ₹24.91 Crore Net Profit In Q1 FY27, Total Income Rises To ₹484.25 Crore
· Free Press Journal
Mumbai: Dhanlaxmi Bank on Thursday reported a standalone net profit of ₹24.91 crore for the first quarter of the financial year 2026-27 (Q1 FY27), significantly up from ₹12.18 crore recorded in the corresponding quarter of the previous fiscal year. The bank's total income for the quarter ended 30 June 2026 stood at ₹484.25 crore.
Financial Performance Overview
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The bank's interest earned for Q1 FY27 reached ₹449.36 crore, while other income contributed ₹34.89 crore. Total expenses for the quarter amounted to ₹432.80 crore, including interest expended of ₹271.74 crore and operating expenses of ₹161.06 crore.
Dhanlaxmi Bank Reports ₹33,773 Crore Total Business In FY26, Driven By Strong Loan & Gold Portfolio GrowthOperating Profit and Provisions
Dhanlaxmi Bank's operating profit before provisions and contingencies was ₹51.45 crore for the quarter. Provisions (other than tax) and contingencies were ₹15.91 crore, leading to a profit before tax of ₹35.54 crore.
Asset Quality
Gross Non-Performing Assets (NPA) stood at ₹286.57 crore as on 30 June 2026, representing 1.82 per cent of gross advances. Net NPAs were ₹72.61 crore, or 0.47 per cent of net advances. The provision coverage ratio, including technical write-offs, was 92.77 per cent as on 30 June 2026.
Dhanlaxmi Bank Q3 Profit Rises 20 Per Cent To ₹24 Crore, Asset Quality ImprovesKey Ratios
The Capital Adequacy Ratio (Basel III) for the bank was 19.19 per cent as on 30 June 2026. Earnings Per Share (EPS) for the quarter was ₹0.63. The return on assets (annualised) was 0.45 per cent.
Segmental Results
Retail Banking generated the highest segment revenue at ₹296.70 crore, followed by Treasury at ₹75.75 crore and Corporate/Wholesale Banking at ₹108.71 crore. Segment-wise, Retail Banking reported a profit of ₹21.80 crore, while Treasury reported ₹8.90 crore.
Disclaimer: This report is based on the company's filed financial results (standalone or consolidated, as applicable) and is intended solely for informational purposes. It does not constitute investment advice or a recommendation to buy, sell or hold any security.