Yes Bank Q1 Results: Yes Bank has announced its Q1FY25 results today. The bank has reported a standalone net profit of ₹502.43 crore for Q1FY25 (quarter ended June 30). According to information given to the exchanges, this is 46.4 per cent higher than the profit after tax (PAT) of ₹342.52 crore earned by the bank in the first quarter of the previous financial year i.e. Q1FY24. Market experts say that the impact of Yes Bank’s increasing profits can be seen on the bank’s stock. The stock can register a rise. In the last one year, the bank’s stock has given a return of more than 40 per cent to its investors.
Bank’s profit and loss in Q1FY25
According to the information given by the bank, interest earned in the first quarter of the current financial year i.e. Q1FY25 was ₹7,719.15 crore, which is 19 per cent higher than ₹6,443.22 crore in Q1FY24. The lender’s standalone net interest income (NII) grew 12.2 per cent year-on-year to ₹2,243.9 crore compared to ₹2,000 crore in the same period last year. However, there has been no reduction in NPA. Yes Bank’s gross NPA in Q1FY25 was 1.7 per cent compared to 1.7 per cent in Q4FY24, and net NPA was 0.5 per cent compared to 0.6 per cent. In Q1FY25, Yes Bank’s net interest income (NII) grew 12.20 per cent year-on-year to ₹2,244 crore. Yes Bank’s NII has increased by 4.20 percent on a quarterly basis.
financial position of yes bank
In the recently ended June 2024 quarter, Yes Bank recorded net advances of ₹2,29,565 crore, registering a growth of 14.70 per cent year-on-year and 0.80 per cent quarter-on-quarter. The private lender’s total deposits grew 20.80 per cent to ₹2,65,072 crore from April to June 2024. Yes Bank’s CASA ratio stood at 30.80 per cent in Q1FY25 as against 29.40 per cent in the same period of the previous fiscal and 30.90 per cent in the previous quarter.
Management’s response to the results
Commenting on the results and financial performances, Prashant Kumar, Managing Director and CEO, Yes Bank said that the Bank has started the financial year on a strong footing, with RoA remaining at 0.5% quarter-on-quarter despite the first quarter being seasonal and zero PSL delinquencies. The Bank has been able to contain operating cost growth at 8.0% year-on-year (excluding PSLCs). Also, the pace of resolution remains strong, reducing net credit costs, which is also aiding RoA expansion.
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