Dhanlaxmi Bank soars nearly 5% after lender reports strong Q4 YoY results

Dhanlaxmi Bank Share Price: Dhanlaxmi Bank soared nearly five per cent in the morning session on BSE on Wednesday (April 3, 2024) on the back of good fourth-quarter Year-on-Year (YoY) results. The company, however, didn't perform well on a quarter-on-quarter (QoQ) basis.

The stock that opened at Rs 44.91 on Wednesday rose to the day's high of Rs 46.91, a 4.99 per cent jump from its previous close of Rs 44.68.

The stock was trading at Rs 44.91 at 10:43 am on Wednesday.

Dhanlaxmi Bank Q4 Results 

The lender announced its fourth-quarter results on Tuesday, reporting a 6.30 jump YoY in its total business.

The company's gross advances were also up by 5.63 per cent YoY.

The company's gold loan in the same period, meanwhile, soared by 24.85 per cent. 

The lender's total deposits were higher by 6.80 per cent YoY, while they were down by 0.60 per cent QoQ.

The company's Current Account and Savings Account (CASA) was up by 2.84 per cent YoY, but it went down by 1.8 per cent QoQ.