DCB Bank and Go Fashion released the quarterly results, know how was the performance of Q4

DCB Bank and Go Fashion profit jump

DCB Bank’s profit in the March quarter stood at Rs 113 crore with a growth of 45 percent. On the other hand, Go Fashion’s profit in the fourth quarter increased by 72.75 percent to Rs 12.3 crore.

fourth quarter (Quarterly ResultsThe process of declaring the results for ) is going on. private sector today DCB Bank ,DCB Bank) and Go Fashion has released its March quarter and last financial year results. Both DCB Bank and Go Fashion have reported their profits (Profit) has given information about a sharp increase. DCB Bank’s profit in the March quarter stood at Rs 113 crore with a growth of 45 percent. At the same time, the profit of Go Fashion has increased by 73 percent in the fourth quarter. However, there has been a weakness in the asset quality of DCB Bank. The gross NPAs of the bank have increased slightly as compared to last year. At the same time, the bank has also announced dividend for its investors.

How were the results of DCB Bank

Private sector bank DCB Bank’s profit in the March quarter increased by 45 percent to Rs 113 crore. The profit of the bank was Rs 78 crore in the same quarter last year. At the same time, the total income of the bank has increased from Rs 967 crore to Rs 1,035 crore as compared to last year. The net interest income of the bank has also increased from Rs 311 crore to Rs 380 crore. However, there has been pressure on the asset quality of the bank in the March quarter and gross NPAs have increased to 4.32 percent from 4.13 percent last year. However, there has been a relief in NPAs as compared to the December quarter when gross NPAs were at 4.78 per cent. On the other hand, Net NPAs came down from 2.31 percent to 1.97 percent as compared to last year. For the full year, the bank’s profit declined by 14.3 percent to Rs 288 crore. Along with this, the bank has also announced a dividend of Re 1 per share for its shareholders.

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How Go Fashion’s results were

Go Fashion has also released its March quarter results today. According to the results, the company’s profit in the fourth quarter has increased by 72.75 percent to Rs 12.3 crore. The company had made a profit of Rs 7.12 crore in the same quarter last year. At the same time, the company’s income through business has increased by 29.41 percent to Rs 116.24 crore, which was at the level of Rs 89.82 crore in the same quarter last year. The company’s CEO Gautam Saraogi said that due to further control on cost by the company, there has been a jump in EBITDA and profit. The total expenditure of Go Fashion has increased by about 21 percent to Rs 104.27 crore. Go Fashion’s business income for the whole year has reached the level of Rs 401 crore with a growth of 60 percent. The company has informed that it has launched 54 exclusive brand outlets in the last financial year.

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