Dhanlaxmi Bank Q1 profit at Rs 12 crore despite higher provisions
reported a Rs 12.18 crore profit in the first quarter of this fiscal as compared with a Rs 8 crore loss in the year ago period. The bank had made a net profit of Rs 27.18 crore in the last quarter of FY25.
It made a profit despite higher provisions and contingencies of Rs 21 crore against Rs 4.7 crore earlier, the bank's statement filed with the exchanges showed.
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It showed improvement in asset quality with gross non-performing assets falling to 3.22% at the end of June from 4.04% a year back.
The Kerala-headquartered lender's operating profit was at Rs 33.28 crore against Rs 3.29 crore loss in the year ago quarter and Rs 38.68 crore in three-month period ending March 31, 2025.
Total income stood higher at Rs 407 crore as compared with Rs 338 crore in the corresponding quarter last year.
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