Dhanlaxmi Bank profit jumps 109.3% to Rs 48.55 crore in second quarter
Key Facts
Kerala-based Dhanlaxmi Bank reported net profit of Rs 48.55 crore in the second quarter of fiscal 2027, compared with Rs 23.20 crore in the corresponding period of the previous fiscal year, according to a Press Trust of India report published by Rediff on Monday. The results were announced as the shares traded at Rs 32.73 on the Bombay Stock Exchange, down 8.40% from the previous close on October 26. That put the stock’s performance at odds with quarterly profit growth, with net profit more than doubling from a year earlier. The report reflects the stock’s movement during the results-announcement session, while the comparative figure provides a measure of the year-on-year change in the bank’s earnings. The report did not say the share decline was a direct result of any specific item in the results.
Net profit was Rs 48.55 crore in the second quarter of fiscal 2027, compared with Rs 23.20 crore in the July-to-September quarter of fiscal 2026, according to Press Trust of India. The difference between the figures represents a year-on-year increase of 109.3%, as stated in EL7’s internal headline. This measure compares the same period a year earlier, not the immediately preceding quarter. The results therefore show strong annual profit growth without specifying the quarter-on-quarter trajectory. Net profit remains the primary measure in the bank’s announcement, while interest income and asset-quality figures provide further detail on performance.
The bank’s interest income rose 23% to Rs 471 crore in the second quarter of fiscal 2027, from Rs 384 crore in the corresponding period of fiscal 2026, according to the report. Press Trust of India said, "The bank's interest income rose 23% to Rs 471 crore during the second quarter of fiscal 2027, from Rs 384 crore in the corresponding period of fiscal 2026." The comparison shows an increase of Rs 87 crore in this item between the two periods. Interest income is one of the operating figures reported alongside net profit, but it does not by itself establish that it caused the increase in earnings. The report did not explicitly attribute net profit growth to this rise.
Asset quality improved as measured by gross non-performing assets, which stood at 1.76% of total advances in the quarter under review, compared with 3.10% in the year-earlier period, according to Press Trust of India. The decline indicates a year-on-year reduction in the share of advances classified as non-performing. The report described the ratio as having improved and compared it with the same quarter a year earlier. The agency said, "Gross non-performing assets improved to 1.76% of total advances during the quarter under review, from 3.10% in the year-ago period." This improvement in asset quality accompanied the more than doubling of net profit, while the report did not provide details on the composition of the loans or the reasons for the change in the ratio.
The shares closed at Rs 35.73 on October 23, 2026, down 3.98% in that session, according to historical data from Investing.com. On October 7, they recorded a daily gain of 13.94% before declining in the following days, the same data showed. These moves place the October 26 session within a period of share-price volatility before and after the results announcement. In the latest snapshot cited by Press Trust of India, the price was Rs 32.73, down 8.40% from the previous close. The available information does not specify a later date for reviewing the results or a subsequent event announced by the bank.