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17-May2017

Dhanlaxmi Bank reports net profit of Rs 8.81 crore for Q4FY17

Dhanlaxmi Bank has reported results for fourth quarter and year ended March 31, 2017.  

The bank has reported net profit of Rs 8.81 crore for the quarter ended March 31, 2017, as compared to net loss of Rs 131.60 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.53% at Rs 296.34 crore for quarter under review as compared to Rs 323.98 crore for the quarter ended March 31, 2016. 

For the year ended March 31, 2017, the bank has posted net profit at Rs 12.38 crore as compared to net loss of Rs 209.45 crore in FY16. However, total income of the bank decreased by 6.32% at Rs 1200.07 crore for year under review as compared to Rs 1281.00 crore for the year ended March 31, 2016.


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