Yes Bank Q3 results: Net profit jumps 168 pc to Rs 612 crore

Yes Bank Q3 results: Net profit jumps 168 pc to Rs 612 crore

Yes Bank on Saturday, January 25, reported robust third-quarter earnings for FY25, posting a net profit of ₹612.3 crore for the period, significantly exceeding the CNBC-TV18 poll estimate of ₹538.9 crore. It marks a substantial year-on-year increase in profitability, with the private sector lender’s net profit up by 167.7% compared to ₹231.5 crore in the same quarter last year.

Company Value Change %Change

The bank’s Net Interest Income (NII) came in at ₹2,223.5 crore, a 10.2% growth compared to ₹2,016.9 crore in Q3 FY2024. However, this was slightly below the street’s expectations, with the CNBC-TV18 poll predicting NII at ₹2,258 crore.

Despite the slight miss on NII, Yes Bank reported stable asset quality metrics, with Gross NPA remaining steady at 1.6% and Net NPA at 0.5%, both unchanged compared to the previous quarter.

Yes Bank’s gross and net NPAs showed minor quarterly increases with the Gross NPA rising marginally to ₹3,963.47 crore, compared to ₹3,889.4 crore in Q2 FY2025. The Net NPA stood at ₹1,142.6 crore, a slight decrease from ₹1,168 crore in the previous quarter. The bank maintained its Gross NPA ratio at 1.6% and Net NPA ratio at 0.5%.

The article will be updated with more details shortly

Pakistan vs West Indies, 2nd Test Day 1: Live Cricket Score And Updates Previous post Pakistan vs West Indies, 2nd Test Day 1: Live Cricket Score And Updates
New Zealand Pip Bangladesh To Secure Direct Entry To ICC Women’s World Cup 2025 Next post New Zealand Pip Bangladesh To Secure Direct Entry To ICC Women’s World Cup 2025

Leave a Reply

Your email address will not be published. Required fields are marked *