DCB Bank Q3 profit may grow 96% to Rs 71.2 cr: Poll

DCB's profit may be largely supported healthy NII growth and other income. Analysts expect contribution from treasury to improve in December quarter.

Private sector lender DCB Bank , which will announce earnings on Tuesday, is expected to report a whopping 96 percent growth at Rs 71.2 crore for the quarter ended December 2014, according to the average of estimates of analysts polled by CNBC-TV18. Profit in same quarter last fiscal was Rs 36.4 crore.

Profit may be largely supported healthy NII growth and other income. Analysts expect contribution from treasury to improve in December quarter.

Net interest income (NII) may jump 37 percent to Rs 129.2 crore in October-December quarter compared to Rs 94 crore in the year-ago period due to expected loan growth of 25 percent and stable net interest margin.

The expansion in net interest margin may be due to recent capital issuance. DCB raised Rs 250 crore through QIP issue in October 2014. NIM as of Q2FY15 was at 3.72 percent against 3.71 percent in previous quarter.

Key highlight for DCB could be the movement in asset quality. Its gross non-performing assets (GNPA) declined from 4.4 percent in Q3FY13 to 1.9 percent in Q2FY15.

Even, over past three years, the bank has seen consistent growth in profit, margin increase and decline in NPAs.

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