Dhanlaxmi Bank Q4 FY26 Results: Net Profit Rises 50% To ₹43.49 Crore

Dhanlaxmi Bank posted a 50% jump in net profit for the March quarter, with the Thrissur-based lender crossing the ₹100 crore annual profit mark for the first time.

Net profit for Q4 FY26 came in at ₹43.49 crore, up from ₹28.98 crore in the same quarter last year. Operating profit for the quarter nearly tripled to ₹113.67 crore from ₹38.68 crore.

For the full year FY26, net profit rose to ₹102.75 crore from ₹66.64 crore in FY25. Operating profit for FY26 more than doubled to ₹216.28 crore from ₹95.10 crore.

Dhanlaxmi Bank shares were trading at ₹31, down 2%, nearing their 52-week high of ₹33.50 as of 9:30 AM on 29 April.

A day earlier, the stock saw a sharp move. It jumped 15% on 28 April after the results came out. The 52-week low stands at ₹19.45. This shows the stock has moved up well over the past year, even as the bank worked through its turnaround phase.

Important Numbers At A Glance

• Q4 net profit: ₹43.49 crore, up 50% year-on-year (YoY).

• Q4 operating profit: ₹113.67 crore vs ₹38.68 crore in Q4 FY25.

• FY26 net profit: ₹102.75 crore vs ₹66.64 crore in FY25.

• FY26 operating profit: ₹216.28 crore vs ₹95.10 crore in FY25.

• Total deposits: ₹18,643 crore vs ₹16,103 crore in FY25.

• Current Account Savings Account deposits: ₹5,380 crore vs ₹4,647 crore in FY25.

• Gross advances: ₹15,129 crore, up 23.95% YoY from ₹12,206 crore.

• Gross non-performing assets: 1.89%, down 109 basis points YoY.

• Net non-performing assets: 0.51%, down 48 basis points YoY.

Gross advances grew nearly 24% year-on-year, the strongest growth metric on the balance sheet. Asset quality moved in the right direction too, with gross non-performing assets falling 109 basis points and net non-performing assets down 48 basis points on a year-on-year basis.

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Management Comments

Ajith Kumar K K, Managing Director and Chief Executive Officer, said the bank carried its positive momentum through the full year, recording growth across almost all business parameters. He pointed to deposit expansion, strong advances in growth and other income as the key drivers behind crossing the ₹100 crore net profit benchmark for the first time.

Sources:

Businessline

Business Standard