Mumbai, 19 April (IANS). Yes Bank on Saturday reported a strong performance in the January-March 2025 quarter, with the bank’s net profit increased by 63.7 percent to Rs 738.12 crore on an annual basis.
In the same quarter last year, the bank recorded a profit of Rs 451.9 crore. Increase in profits was recorded due to high interest income, low provisions and better asset quality.
The total income of the bank increased from Rs 9,015.8 crore in the same period last year to Rs 9,355.4 crore in the March 2025 quarter.
Interest income increased to Rs 7,616.1 crore in the March 2025 quarter as compared to Rs 7,447.2 crore in March 2024 quarter. The second income also saw an increase, which increased from Rs 1,568.6 crore to Rs 1,739.3 crore a year ago.
The company’s operational benefit before provision was Rs 1,314.4 crore in the fourth quarter of FY 2025, which was Rs 902.5 crore in the quarter a year ago.
Yes Bank also recorded its asset quality. The bank’s gross non-performing assets (NPAs) declined to Rs 3,935.6 crore, while the gross NPA ratio improved to 1.6 percent compared to 1.7 percent of a year ago.
The net NPA declined to Rs 800 crore and the net NPA ratio improved from 0.6 percent to 0.3 percent on an annual basis.
Yes Bank said in the regulatory filing, “During the quarter ended March 31 and the year, the bank has allocated 3,257,773 and 26,471,398 equity of Rs 2 per share as per the use of stock options of employees under the approved employee stock option scheme, according to the use of stock options of employees.
For the entire financial year 2025, the net profit of Yes Bank increased by more than doubled to Rs 24,058.6 crore, compared to Rs 12,510.8 crore in FY 2024.
On 17 April, Yes Bank shares on the Bombay Stock Exchange (BSE) rose by 1.1 percent to close at Rs 18. However, according to stock exchange data, the stocks saw a decline of about 12.75 percent during the fourth quarter of FY 2025.
-IANS
SKT/ABM