Quarterly results for Dhanlaxmi Bank Ltd
Dhanlaxmi Bank Limited – Q2 & H1 FY26 Results Summary
Announcement Date: October 29, 2025
Key Financial Metrics:
- Total Income: Rs. 418.16 crore in Q2 FY26, up 9.9% QoQ and YoY; Rs. 825.22 crore in H1 FY26, up 14.8% YoY.
- Net Profit: Rs. 23.20 crore in Q2 FY26 (vs. Rs. 25.81 crore Q2 FY25); Rs. 35.38 crore in H1 FY26, doubling from Rs. 17.81 crore in H1 FY25.
- EPS (Basic & Diluted): Rs. 0.59 in Q2 FY26; Rs. 0.90 in H1 FY26.
- Operating Margin: 6.74% in Q2 FY26; 7.45% in H1 FY26.
- Net Profit Margin: 5.55% in Q2 FY26; 4.29% in H1 FY26.
- Capital Adequacy Ratio: 17.81% as of September 30, 2025, up from 13.06% YoY.
- Gross NPA Ratio: Improved to 3.10% from 3.82% YoY; Net NPA stable at 1.12%.
- Return on Assets (Annualized): 0.49% in Q2 FY26, up from 0.22% in Q2 FY25.
Balance Sheet Highlights:
- Deposits: Rs. 1,46,31,48 lakh as of September 30, 2025 (down from Rs. 1,60,13,45 lakh on March 31, 2025).
- Advances: Rs. 1,07,17,42 lakh as of September 30, 2025 (down from Rs. 1,19,59,49 lakh on March 31, 2025).
- Borrowings: Rs. 15,000 lakh as of September 30, 2025 (down from Rs. 20,000 lakh on March 31, 2025).
- Net Worth: Rs. 1,19,715 lakh as of September 30, 2025 (up from Rs. 1,17,950 lakh on March 31, 2025).
- Cash & Balances with RBI: Rs. 78,174 lakh as of September 30, 2025.
Segment Performance:
- Retail Banking: Largest revenue contributor at Rs. 237.91 crore in Q2 FY26, with segment profit rising to Rs. 18.06 crore (Q2 FY26) from Rs. 1.41 crore (Q1 FY26).
- Treasury: Revenue at Rs. 74.13 crore in Q2 FY26; segment profit declined QoQ and YoY to Rs. 5.31 crore.
- Corporate/Wholesale Banking: Revenue Rs. 102.83 crore in Q2 FY26; segment reported losses of Rs. 3.46 crore.
- Other Banking Operations: Revenue Rs. 3.29 crore; segment profit Rs. 3.29 crore in Q2 FY26.
Capital Expenditure & Corporate Activity:
- Capex of Rs. 11.91 crore incurred in H1 FY26, consistent with prior year.
- Rs. 150 crore Tier II capital raised in H1 FY26; no fresh equity issuance.
- No acquisitions, disposals, restructuring, or loan transfers reported.
Management Commentary & Other Notes:
- Auditor’s limited review report is unqualified with no qualifications or concerns.
- Provision coverage ratio strong at 86.94%.
- Exposure under COVID-19 Resolution Framework reduced to Rs. 18.27 crore.
- Deferred Tax Assets at Rs. 5.1 crore as of September 30, 2025.
- No change in accounting policies; financials prepared as per Indian GAAP and RBI guidelines.
Outlook:
- No explicit forward guidance provided in the announcement.
This summary encapsulates Dhanlaxmi Bank’s financial and operational performance for Q2 and H1 FY26, highlighting key metrics, segment results, and capital position for investment analysis.