The Thrissur-based Dhanlaxmi Bank has registered a net profit of ₹19.85 crore in Q3 of FY25 against ₹3.05 crore for the same period of last fiscal. Operating profit for the period was ₹26.58 crore against ₹11.16 crore for the same period of last financial year.
The bank’s total business reached ₹26,443 crore as of December 31, 2024, up from ₹24,654 crore, registering 7.26 per cent growth. Total deposits increased to ₹15,068 crore from ₹14,340 crore, up 5.08 per cent. CASA deposits increased to ₹4,602 crore from ₹4,460 crore.
Ajith Kumar K K, Managing Director and CEO said, “The financial results are encouraging, and the bank could achieve progress in all fundamental indicators. We remain committed to maintaining this positive momentum as we look toward future opportunities for growth and advancement with the continued support from our valued customers and stakeholders.”
Retail term deposits reached ₹8,010 crore from ₹7,126 crore. Gross advances improved to ₹11,375 crore from ₹10,314 crore. Asset quality improved significantly, with gross NPA falling by 128 bps and net NPA falling by 41 bps on a year-over-year basis to 3.53 and 0.86 per cent, respectively.
Provision Coverage Ratio is 90.96 per cent, while Return on Assets and Return on Equity was 0.48 and 7.34 per cent, respectively. The book Value of shares was ₹42.43, and market capitalisation improved from ₹777 crore to ₹791.17 crore on a Y-o-Y basis, a press release said.
