Dhanlaxmi Bank Reports Rs 8 Crore Loss in Q1 FY24

By By Rediff Money Desk, New Delhi
Aug 12, 2024 15:02
Dhanlaxmi Bank reported a Rs 8 crore loss in Q1 FY24, a decline from Rs 28 crore profit in the previous quarter. Total income decreased, but interest income rose. Gross NPAs declined, but net NPAs increased.
New Delhi, Aug 12 (PTI) Dhanlaxmi Bank on Monday reported a loss of Rs 8 crore for the first quarter of the current financial year.

Against this, the bank had earned a net profit of Rs 28 crore in the April-June quarter of FY24.

The bank's total income declined to Rs 338 crore in the first quarter as against Rs 341 crore in the same period a year ago, Dhanlaxmi Bank said in a regulatory filing.

During the quarter the bank earned interest income of Rs 306 crore as against Rs 289 crore in the same period a year ago.

The bank's gross non-performing assets (NPA) of the total advances declined to 4.04 per cent in the first quarter from 5.21 per cent at June-end last year.

However, net NPAs rose to 1.26 per cent in June 2024 against 1.09 per cent same period a year ago.
Source: PTI
Read More On:
financial resultsnpadhanlaxmi banklossq1 fy24
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Amazon Web...
Amazon Web Services to Invest Rs 60,000 Cr in...

Amazon Web Services (AWS) will invest Rs 60,000 crore to expand its data center...

Adani Infra to...
Adani Infra to Acquire Majority Stake in PSP...

Adani Infra, led by Gautam Adani, seeks CCI approval to acquire a majority stake in PSP...

Crude Oil Futures...
Crude Oil Futures Fall on Weak Global Demand

Crude oil futures declined on the Multi Commodity Exchange (MCX) due to weak global...

Budget 2026:...
Budget 2026: Barclays Urges Tax Cuts for...

Barclays recommends a personal income tax cut in India's FY26 budget to stimulate...

Coforge Q3 Profit Up 10.3% to Rs 268 Cr |...

Coforge's adjusted PAT surged 10.3% to Rs 268 crore in Q3, driven by strong revenue...

Paras Defence to Invest Rs 12,000 Cr in India's...

Paras Defence will invest Rs 12,000 crore to build India's first optics park in...

Ayushmann Khurrana: FICCI Frames Brand...

Bollywood star Ayushmann Khurrana has been appointed as the brand ambassador for FICCI...

India Employers Face Talent Shortage in Q1...

A new survey reveals Indian employers are anticipating cautious hiring in Q1 2025 due...

NRAI to Challenge Zomato, Swiggy 'Private...

The National Restaurant Association of India (NRAI) plans to file a complaint with the...

Alchemy Capital Launches Smart Alpha 250 AIF

Alchemy Capital Management launches Alchemy Smart Alpha 250 Fund, an alternative...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com