Yes Bank Reports 165% YoY Increase in Q3 Net Profit to Rs 612 Crore
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Synopsis
On January 25, Yes Bank reported a staggering 165% increase in its net profit for Q3 FY25, reaching Rs 612.3 crore, a significant jump from Rs 231.5 crore in the previous year. The bank demonstrated strong liquidity and maintained stable asset quality, with a gross NPA ratio of 1.6%.
Key Takeaways
- Yes Bank's net profit surged 165% YoY.
- Net interest income increased by 10.2%.
- Gross NPA ratio remained stable at 1.6%.
- Capital Adequacy Ratio decreased to 15.2%.
- Liquidity Coverage Ratio was strong at 133.2%.
Mumbai, Jan 25 (NationPress) Private sector lender Yes Bank announced a remarkable 165% increase in net profit (year-on-year) amounting to Rs 612.3 crore for the third quarter of FY25, up from Rs 231.5 crore in the same period last year.
The bank’s net interest income (NII) witnessed a growth of 10.2%, reaching Rs 2,223.5 crore in Q3, as opposed to Rs 2,016.9 crore in Q3 FY24.
Year-on-year, the total interest income climbed 12% to Rs 7,829.13 crore, while interest expenses also saw an increase of 12.8%, totaling Rs 5,605.62 crore, as indicated in its stock exchange filing.
Yes Bank maintained a steady asset quality, with the gross non-performing assets (NPA) ratio holding at 1.6% and the net NPA ratio at 0.5%, consistent with the previous quarter.
In absolute terms, gross NPA was reported at Rs 3,963.47 crore, a slight rise from Rs 3,889.4 crore in the previous quarter, while net NPA saw a slight decrease to Rs 1,142.6 crore, down from Rs 1,168 crore.
On January 25, the bank's shares ended 1.25% lower at Rs 18.24 on the BSE.
During the third quarter of FY25, the bank upheld a robust liquidity position, recording an average quarterly Liquidity Coverage Ratio (LCR) of 133.2% on a consolidated basis.
However, the Capital Adequacy Ratio fell to 15.2%, compared to 16% at the end of the same quarter last year, according to the exchange filing.
“Q3 FY25 marks the fifth consecutive quarter where the bank has shown consistent sequential growth in profitability. The return on asset (RoA) for the bank has also increased to 0.6% from 0.5%, as reported over the last three quarters,” stated Prashant Kumar, Managing Director and CEO of Yes Bank.
“It is encouraging to witness an expansion in our operating profitability,” Kumar added.
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