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YES BANK Q3 Results: Its total income increases to Rs 9,341 crore during the third quarter of the ongoing fiscal from Rs 8,179 crore a year ago.
YES BANK has declared its Q3 financial results.
YES BANK on Saturday reported nearly threefold surge (2.6 times) on a year-on-year basis in its net profit to Rs 612 crore for the third quarter ended December 2024, boosted by a decline in provisions for bad loans. Its net interest income (NII) — interest earned minus interest expended — grew 10.2 per cent YoY to Rs 2,224 crore as against Rs 2,017 crore in the third quarter last fiscal year.
On a quarterly basis, the net profit jumped 10.7 per cent in the December 2024 quarter.
The private sector bank had posted a net profit of Rs 231 crore in the corresponding quarter of the previous financial year.
YES BANK’s total income increased to Rs 9,341 crore during the third quarter of the ongoing fiscal from Rs 8,179 crore a year ago, according to a regulatory filing.
Its interest income increased to Rs 7,829 crore from Rs 6,984 crore.
The private sector lender’s net interest margin (NIM) remained flat at 2.4 per cent. Its operating profit rose to Rs 1,079 crore from Rs 864 crore.
On the asset quality front, the bank’s gross non-performing assets ratio improved to 1.6 per cent against 2 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.5 per cent from 0.9 per cent at the end of the third quarter last fiscal year.
As a result, overall provisions, excluding tax halved to Rs 259 crore from Rs 555 crore in the same quarter a year ago. The bank’s provision coverage ratio stood at 71.2 per cent at the end of December 2024 quarter.
Average quarterly Liquidity Coverage Ratio (LCR) on consolidated basis during the quarter remained healthy at 133.2 per cent. Capital Adequacy Ratio declined to 15.2 per cent from 16 per cent at the end of third quarter of previous financial year.
