YES Bank Q2 Results: PAT rises 47.4% YoY to Rs 225 crore

MUMBAI – YES Bank Ltd on Saturday reported a 47.4% year-on-year (YoY) growth in net profit for the quarter ended September to Rs 225 crore. Total income from operations increased by 25% on year to Rs 7,921 crore.

Net interest income, the difference between interest earned and interest expended, declined 3.3% on year to Rs 1,925 crore. Provisions and contingencies for the quarter was Rs 500 crore, compared to Rs 583 crore a year ago.

Gross non-performing assets ratio as of September 30, was 2.0%, unchanged from the quarter-ago period, but sharply lower than 12.9% a year ago.

Net non-performing assets ratio as of September end was 0.9%, compared to 3.6% a year ago, and 1.0% a quarter ago.

Operating profit for the quarter rose a mere 1.4% on year to Rs 801 crore. The capital adequacy ratio as of September end was 17.1%, compared to 18.2% a quarter ago.

More to follow

(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Top Trending Stocks: Sensex Today Live, SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Source link

Leave a comment