Dhanlaxmi Bank Q1 net profit doubles to ₹24.91 crore, total business grows 21%

Dhanlaxmi Bank has reported a net profit of ₹24.91 crore for the first quarter of the financial year 2026-27, doubling from ₹12.18 crore in the same period last year. The operating profit for the quarter stood at ₹51.45 crore, compared to ₹33.28 crore in the corresponding quarter of the previous fiscal.

The bank's total business reached ₹35,190 crore as of June 30, 2026, a growth of 21.13% from ₹29,051 crore as of June 30, 2025. Total deposits increased by 17.10% to ₹19,404 crore from ₹16,570 crore over the same period.

Commenting on the results, Managing Director and CEO Ajith Kumar K.K. said: “The Q1 results are encouraging and reflect the sustained efforts made by the Bank over the past few years. I am confident that the total business growth of over 21% achieved during the first quarter will support the Bank’s strategy of sustainable growth throughout the year. Our Capital to Risk-Weighted Assets Ratio (CRAR) of 19.19% and Provision Coverage Ratio (PCR) of 92.77% have shown significant improvement over the position as on 31 March 2026, reflecting our continued focus on prudent business growth while maintaining strong regulatory compliance.”

He added: “We remain committed to building on this encouraging start and look forward to sustaining this momentum in the coming quarters, especially as we prepare to enter our centenary year in November 2026. I sincerely thank our valued customers and stakeholders for their continued trust and support, which have been instrumental in all our endeavours.”