Dhanlaxmi Bank reports 63% rise in Q4 net profit

Dhanlaxmi Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.

The bank has reported 62.98% rise in its net profit at Rs 38.17 crore for the quarter under review as compared to Rs 23.42 crore for the same quarter in the previous year. Total income of the bank increased by 2.61% at Rs 311.49 crore for Q4FY23 as compared to Rs 303.58 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported 37.49% rise in its net profit at Rs 49.36 crore as compared to Rs 35.90 crore for the previous year. Total income of the bank increased by 5.53% at Rs 1145.75 crore for year under review as compared to Rs 1085.76 crore for year ended March 31, 2022.