Public Sector lender, Dena Bank today reported a fall of 81.40% in the first quarter profit. The bank has reported a profit of Rs 151.60 billion for the quarter ended Jun. 30, 2015, compared with Rs 815.20 billion, a year ago.
Quarterly income totalled at Rs 29.14 billion, an increase of 3.20% over Rs 28.24 billion in the same period a year ago.
The bank has made provision of Rs 3.24 billion, which was higher by 42.11% from prior year period to Rs 2.28 billion.
Net NPA was at Rs 32.31 billion on as Jun. 30, 2015, as compared to Rs 21.74 billion on Jun. 30, 2014, representing an increase of 48.61%. In percentage term, net NPAs were at 4.24% at the end of the quarter higher than 2.94% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 10.81% as on Jun. 30, 2015.
Shares of the bank gained Rs 1.65, or 3.88%, to settle at Rs 44.15. The total volume of shares traded was 775,233 at the BSE (Thursday).