Small-time private sector lender DCB Bank today reported a 25 per cent surge in December quarter net at Rs 51 crore, driven primarily by a surge in the core interest income.
The New Delhi-headquartered company had posted a post tax profit of Rs 21.80 crore in the year ago period. Its overall income from operations grew to Rs 76.99 crore from Rs 68.20 crore in the year ago period.
Essar Oil Managing director and Chief Executive L K Gupta attributed the jump in GRM to higher complexity benefits of its refineries, wherein it was able to use more of the low cost but heavy crude and yet refine it to deliver lighter products