DCB Bank (DCB)|Q2FY15 Result/Concall Update :: IndiaNivesh

Please Share::

�� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->
Result Highlights:
 Advances and Deposits growth were impressive as they grew 32% y-o-y and
24% y-o-y to Rs 87.9 bn and Rs 109.0 bn, respectively.
 NII (adjusted) also grew at a healthy pace of 23% y-o-y to Rs 1.1 bn on the
back of healthy NIM of 3.72%.
 NPA deteriorated slightly as Gross NPA and Net NPA increased 12 bps and
10 bps sequentially to 1.90% and 1.07%, respectively. However, PCR of the
bank stood at 76.79%.
Result Update:
Healthy Credit Growth:
Advances grew at a healthy pace of 32% y-o-y (+6% q-o-q) to Rs 87.9 bn, mainly
driven by 90% y-o-y increased in Agri and Inclusive Banking and 35% y-o-y increased
in Mortgages. Incrementally, y-o-y growth was seen across all the segments except
SME and MSME. Notably, SME and MSME segment reported negative growth of
1% y-o-y to Rs 13.2 bn. The proportion of SME loans in the books has been reducing
gradually to 15% of total loan book (as compared to 20% in Q2FY14) due to cautious
approach of the management towards that segment. The loan growth in Corporate
Banking was at 37% y-o-y to Rs 21.1 bn. Commercial vehicle loan grew 32% y-o-y to
Rs 1.8 bn mainly led by small base effect. The management of the bank expects its
advances to grow by 25%-27% in FY15E. We expect advances to grow at a CAGR of
25% over FY14-16E.

LINK
http://www.indianivesh.in/Admin/Upload/635507752630477500_DCB_Q2FY15%20Result%20Update.pdf