The Hindu Bureau

Dhanlaxmi Bank has recorded net profit of ₹24.91 crore in Q1 of FY 2026-27, against the net profit of ₹12.18 crore for the same period of last financial year. Operating Profit for the period was ₹51.45 crore against profit of ₹33.28 crore for the same period of last financial year.

Total business reached ₹35,190 crore as on June 30, 2026, from ₹29,051 crore as on June 30, 2025, recording 21.13 % growth. Total deposits reached ₹19,404 crore as on June 30, 2026 from ₹16,570 crore as on June 30 2025, recording 17.10% growth.

Commenting on the financial results and performance, Ajith Kumar K.K., Managing Director and CEO of the Bank 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.”

“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,” he added.