Yes Bank gains 5% on posting 63% YoY jump in PAT

Shares of private lender Yes Bank rallied 5% in early trade to their day’s high of Rs 19.01 on the BSE on Monday, April 21, after the bank reported a 63.3% year-on-year (YoY) rise in standalone net profit to Rs 738 crore. Its net interest income (NII) also grew 5.7% YoY to Rs 2,276.3 crore.

During the quarter, interest income rose 2.3% YoY to Rs 7,616 crore, while net non-performing assets (NPA) declined to 0.3%, from 0.5% in the previous quarter.

Gross NPA remained stable sequentially at 1.6% in Q4, while provisions rose 23% quarter-on-quarter (QoQ) to Rs 318.1 crore.

Yes Bank reported an 8.1% YoY increase in advances, reaching Rs 2.46 lakh crore, and its deposit base grew 6.8% to Rs 2.85 lakh crore during the quarter.

“The Bank exited the year with: a) quarterly RoA of 0.7%, b) 100% PSL compliance, c) improved Gross NPA and Net NPA ratios to 1.6% and 0.3%, respectively – the lowest levels since March 2020, and d) brought down the net carrying,” said Prashant Kumar, CEO and MD of Yes Bank.

The bank’s net interest margin (NIM) for Q4 stood at 2.5%, up from 2.4% a year ago. For FY25, NIM stood at 2.4%. The lender’s total balance sheet expanded 4.4% YoY, while its CASA ratio improved to 34.3%, compared to 30.9% in Q4FY24 and 33.1% in the previous quarter.

Gross slippages for Q4 were reported at Rs 1,223 crore, or 2% of advances, compared to Rs 1,348 crore (2.2%) in Q3FY25.

Shares of Yes Bank closed 1.23% higher at Rs 18.09 on the BSE on Thursday.

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