Dhanlaxmi Bank Q1 profit at Rs 12 crore despite higher provisions

Dhanlaxmi Bank reported a Rs 12.18 crore profit in the first quarter of this fiscal as compared with a Rs 8 crore loss in the year ago period. The bank had made a net profit of Rs 27.18 crore in the last quarter of FY25.

It made a profit despite higher provisions and contingencies of Rs 21 crore against Rs 4.7 crore earlier, the bank's statement filed with the exchanges showed.

It showed improvement in asset quality with gross non-performing assets falling to 3.22% at the end of June from 4.04% a year back.


The Kerala-headquartered lender's operating profit was at Rs 33.28 crore against Rs 3.29 crore loss in the year ago quarter and Rs 38.68 crore in three-month period ending March 31, 2025.

Total income stood higher at Rs 407 crore as compared with Rs 338 crore in the corresponding quarter last year.