Yes Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

Yes Bank has allotted 14,86,408 equity shares under ESOP on 13 November 2024. Consequent to the allotment, the paid-up share capital of the Bank stands increased from Rs. 62,69,67,99,314/- consisting of 31,34,83,99,657 equity shares of Rs. 2/- each to Rs. 62,69,97,72,130/- consisting of 31,34,98,86,065 equity shares of Rs. 2/- each.

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Profit before tax surged 125.34% to Rs 678.17 crore in Q2 FY25 as against Rs 300.95 crore recorded in the corresponding quarter last year.

Net interest income (NII) stood at Rs 2,200 crore in Q2 FY25, up 14.3% YoY. Net interest margin (NIM) improved to 2.4% in Q2 FY25 as compared to 2.3% registered in Q2 FY24.

During the quarter, operating profit was at Rs 975 crore, up 21.7% from Rs 801 crore posted in the same period a year ago.

Provisions (other than tax) and contingencies dropped 40.62% YoY to Rs 297.1 crore in quarter ended September 2024.

On asset quality front, the bank's gross non-performing assets (NPAs) slipped 9.94% to Rs 3,889.43 crore as on 30 September 2024 as against Rs 4,319.03 crore as on 30 September 2023.

The gross NPA ratio reduced to 1.6% as on 30 September 2024 as compared to 2% as on 30 September 2023. The net NPA ratio shed to 0.5% as on 30 September 2024 as against 0.9% as on 30 September 2023.

Gross slippages for Q2 FY25 stood at Rs 1,314 crore as against Rs 1,263 crore posted in corresponding quarter previous year.

On half year basis, the company’s net profit soared 85.91% to Rs 1,055.47 crore on 16.44% rise in total income to Rs 18,055.23 crore in H1 FY25 over H1 FY24.

Prashant Kumar, MD & CEO, YES BANK said, “Q2FY25 performance has been encouraging, esp. if seen in the context of Industry headwinds. Deposit momentum has been maintained with 18% YoY growth, along with healthy CASA ratio (now at 32%) expansion on both YoY & QoQ basis, on the back of CA growth at 26% YoY & 11% QoQ and SA growth at 30% YoY & 7% QoQ. At same time, the slippage ratio (at 2.2% of Advances) remains range-bound within the guidance range. Other Asset Quality parameters such as GNPA ratio, PCR and O/S Restructured loans have all improved on QoQ basis.

The Bank continues to deliver as per the stated strategic objectives, with superior growth in SME and Mid Corporate segments, growth resumption in the Corporate segment and calibration of growth in Retail segment, aimed at profitability improvement. Bank also continues to maintain NIL PSL shortfalls. These along with other drivers have enabled the Bank to deliver healthy Operating Profit and Net profit growth.

The RoA of the Bank has been consistently at 0.5% over last 3 quarters. The Bank has also strengthened its management team with key senior hires in Retail Assets and Financial Markets Team. We have received external validation in the form of Credit Rating upgrades over the last 2 quarters. While we navigate the challenges in the operating environment, we remain confident of our progress towards building a franchise which delivers superior returns to our stakeholders.”

Yes Bank is a full service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.

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Yes Bank Ltd gained 7.42% today to trade at Rs 20.84. The BSE BANKEX index is up 0.89% to quote at 58486.26. The index is down 4.36 % over last one month. Among the other constituents of the index, ICICI Bank Ltd increased 2.19% and Bank of Baroda added 1.82% on the day. The BSE BANKEX index went up 20.98 % over last one year compared to the 25.02% surge in benchmark SENSEX.

Yes Bank Ltd has lost 8.4% over last one month compared to 4.36% fall in BSE BANKEX index and 6.82% drop in the SENSEX. On the BSE, 32.17 lakh shares were traded in the counter so far compared with average daily volumes of 110.42 lakh shares in the past one month. The stock hit a record high of Rs 32.81 on 09 Feb 2024. The stock hit a 52-week low of Rs 15.7 on 26 Oct 2023.

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Total income stood at Rs 9,137.09 in the second quarter of FY25, up 15.35% as against Rs 7,920.68 crore posted in same quarter last year.

Profit before tax surged 125.34% to Rs 678.17 crore in Q2 FY25 as against Rs 300.95 crore recorded in the corresponding quarter last year.

Net interest income (NII) stood at Rs 2,200 crore in Q2 FY25, up 14.3% YoY. Net interest margin (NIM) improved to 2.4% in Q2 FY25 as compared to 2.3% registered in Q2 FY24.

During the quarter, operating profit was at Rs 975 crore, up 21.7% from Rs 801 crore posted in the same period a year ago.

Provisions (other than tax) and contingencies dropped 40.62% YoY to Rs 297.1 crore in quarter ended September 2024.

On asset quality front, the bank's gross non-performing assets (NPAs) slipped 9.94% to Rs 3,889.43 crore as on 30 September 2024 as against Rs 4,319.03 crore as on 30 September 2023.

The gross NPA ratio reduced to 1.6% as on 30 September 2024 as compared to 2% as on 30 September 2023. The net NPA ratio shed to 0.5% as on 30 September 2024 as against 0.9% as on 30 September 2023.

Gross slippages for Q2 FY25 stood at Rs 1,314 crore as against Rs 1,263 crore posted in corresponding quarter previous year.

On half year basis, the company’s net profit soared 85.91% to Rs 1,055.47 crore on 16.44% rise in total income to Rs 18,055.23 crore in H1 FY25 over H1 FY24.

Prashant Kumar, MD & CEO, YES BANK said, “Q2FY25 performance has been encouraging, esp. if seen in the context of Industry headwinds. Deposit momentum has been maintained with 18% YoY growth, along with healthy CASA ratio (now at 32%) expansion on both YoY & QoQ basis, on the back of CA growth at 26% YoY & 11% QoQ and SA growth at 30% YoY & 7% QoQ. At same time, the slippage ratio (at 2.2% of Advances) remains range-bound within the guidance range. Other Asset Quality parameters such as GNPA ratio, PCR and O/S Restructured loans have all improved on QoQ basis.

The Bank continues to deliver as per the stated strategic objectives, with superior growth in SME and Mid Corporate segments, growth resumption in the Corporate segment and calibration of growth in Retail segment, aimed at profitability improvement. Bank also continues to maintain NIL PSL shortfalls. These along with other drivers have enabled the Bank to deliver healthy Operating Profit and Net profit growth.

The RoA of the Bank has been consistently at 0.5% over last 3 quarters. The Bank has also strengthened its management team with key senior hires in Retail Assets and Financial Markets Team. We have received external validation in the form of Credit Rating upgrades over the last 2 quarters. While we navigate the challenges in the operating environment, we remain confident of our progress towards building a franchise which delivers superior returns to our stakeholders.”

Yes Bank is a full service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to Retail, MSME as well as corporate clients.

Shares of Yes Bank slipped 3.05% to close at Rs 19.40 on Friday, 25 October 2024.

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