Synopsis: In provisional business update disclosures filed on April 2, 2026, Dhanlaxmi Bank reported total business of Rs. 33,773 crore for the year ended March 31, 2026 up 19.68 percent year-on-year driven primarily by a 71.41 percent surge in gold loan disbursals to Rs. 6,512 crore; the outsized gold book, now accounting for over 43 percent of gross advances, sets up a strong headline but raises portfolio concentration questions ahead of the audited results
Provisional year-end numbers from a Thrissur-headquartered private sector bank showed broad-based business momentum for FY26, with gross advances growing at roughly twice the pace of deposits and gold loans delivering the standout performance across all tracked segments.
With a market capitalization of Rs. 867.94 crore, the shares of Dhanlaxmi Bank Limited were trading at 22.02 per share, down 2.09 percent from its previous close of Rs 22.51. It is trading at a P/E of 10.07.
Business Update
Total business deposits plus advances stood at Rs. 33,773 crore as of March 31, 2026, against Rs. 28,219 crore a year earlier, a 19.68 percent improvement. Deposits reached Rs. 18,643 crore, up 16.42 percent from Rs. 16,013 crore, while gross advances rose a sharper 23.96 percent to Rs. 15,130 crore from Rs. 12,206 crore.
CASA balances grew 15.77 percent to Rs. 5,380 crore, though the CASA ratio on total deposits is approximately 28.9 percent roughly flat compared with the 29.0 percent recorded at end-FY25. Deposit growth is accelerating, but the liability mix has not materially shifted.
MSME advances crossed Rs. 2,135 crore, up 30.90 percent from Rs. 1,631 crore, a segment where the bank has been deliberately building out. At Rs. 2,135 crore, MSME now accounts for roughly 14 percent of the gross loan book.
Business Overview
Dhanlaxmi Bank Limited, incorporated in 1927 and listed on both BSE and NSE, is a small private sector bank headquartered in Thrissur, Kerala, with a predominantly South India-focused franchise (~58 percent Kerala exposure) operating approximately 261 branches and 282 ATMs.
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