Yes Bank Reports Q4 Profit Surge of 64% to Rs 738 Crore, Sees Decline in Net NPA
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Synopsis
Yes Bank has reported a significant increase in its net profit for the January-March 2025 quarter, rising 63.7% year-on-year to Rs 738.12 crore. The growth is attributed to improved interest income and asset quality.
Key Takeaways
- Net profit rose by 63.7% to Rs 738.12 crore.
- Total income increased to Rs 9,355.4 crore.
- Interest income grew to Rs 7,616.1 crore.
- Net NPA ratio improved to 0.3%.
- Provisions dropped significantly to Rs 318.1 crore.
Mumbai, April 19 (NationPress) Yes Bank has showcased a remarkable performance for the January-March 2025 quarter (Q4), with its net profit soaring by 63.7% year-on-year to Rs 738.12 crore.
In the corresponding quarter last year, the bank recorded a profit of Rs 451.9 crore. This profit growth was fueled by an increase in interest income, lowered provisions, and enhanced asset quality.
The bank's total income for the March 2025 quarter rose slightly to Rs 9,355.4 crore, compared to Rs 9,015.8 crore during the same time last year.
Interest income climbed to Rs 7,616.1 crore, up from Rs 7,447.2 crore in the March 2024 quarter. Additionally, other income grew to Rs 1,739.3 crore, an increase from Rs 1,568.6 crore a year prior.
The operating profit before provisions reached Rs 1,314.4 crore in Q4 FY25, up from Rs 902.5 crore in the same quarter last year.
Concurrently, provisions and contingencies saw a significant drop to Rs 318.1 crore, down from Rs 470.9 crore last year, which substantially supported the bank’s profit growth.
Yes Bank also demonstrated progress in its asset quality, with gross non-performing assets (NPAs) decreasing to Rs 3,935.6 crore. The gross NPA ratio improved to 1.6%, compared to 1.7% a year earlier.
Net NPAs reduced to Rs 800 crore, with the net NPA ratio improving to 0.3%, down from 0.6% year-on-year.
“During the quarter and year ending March 31, the Bank issued 3,257,773 and 26,471,398 equity shares of Rs 2 each respectively, following the exercise of stock options by employees under the approved employee stock option schemes,” Yes Bank stated in a regulatory filing.
For the complete financial year FY25, Yes Bank’s net profit more than doubled to Rs 24,058.6 crore, in contrast to Rs 12,510.8 crore in FY24.
On April 17, Yes Bank shares closed 1.1% higher at Rs 18 on the Bombay Stock Exchange (BSE). However, shares experienced a decline of approximately 12.75% during the fourth quarter of FY25, according to stock exchange data.
