Dhanlaxmi Financial institution on Saturday reported that unhealthy loans have elevated considerably within the fourth quarter of FY21, with gross NPA ratio touching 9.23% as in opposition to 5.90% within the year-ago interval.
The Thrissur-based lender reported a 103% year-on-year enhance in its fourth quarter internet revenue to R5.28 crore, totally on decrease provisions for unhealthy loans.
It reported an working lack of R4.10 crore within the fourth quarter of final fiscal.
Provisions and contingencies have been decreased by virtually 74% to R14.82 crore as in opposition to R56.89 crore supplied within the year-ago interval.
For the entire fiscal 2020-21, the lender reported a internet revenue of R37.19 crore, which is a 43.4% y-o-y drop from R54.78 crore reported in FY20.
Complete earnings of the lender for the fourth quarter was R242.18 crore as in opposition to R280.98 crore reported within the fourth quarter of FY20.
Curiosity earnings and different earnings are additionally on the decrease aspect when in comparison with the year-ago interval.
On the asset aspect, the lender reported gross NPA ratio at 9.23% in comparison with 5.78% in Q3 and 5.90% within the year-ago interval.
Web NPA ratio for This autumn FY21 stands at 4.76% as in opposition to 1.11% in Q3 and 1.55% in This autumn FY20.