Yes Bank’s shares climbed more than 2% following the release of its Q3 FY25 financial results, which demonstrated good performance across key metrics.
The bank’s net profit increased by 165% year on year (YoY) to ₹612.27 crore, up from ₹231.46 crore in the same period last year. Operating profit increased by 25% YoY to ₹1,079.02 crore, up from ₹863.45 crore in Q3 FY24.
Net Interest Income (NII), a vital indicator of profitability for banks, increased by 10.3% to ₹2,224 crore from ₹2,016 crore in Q3 FY24. This expansion was fueled by increasing interest earnings and increased operational efficiency. Yes Bank’s asset quality continues to improve, with both Gross Non-Performing Assets (GNPA) and Net Non-Performing Assets (NNPA) falling quarter on quarter.
In comparison to ₹8,174.95 crore in the same quarter previous year, the bank’s overall income increased to ₹9,341.15 crore. Additionally, interest generated increased by 12% year over year to ₹7,829.14 crore. Advances for SME and corporate purposes increased significantly, totaling ₹2,44,834 crore, a 12.6% YoY jump. Additionally, due to robust growth in current and savings accounts, the CASA ratio rose to 33.1%.
With a liquidity coverage ratio (LCR) of 133.2%, Yes Bank’s liquidity situation remained strong, and the credit-deposit ratio increased to 88.3%. With a total CRAR of 15.9% and a CET 1 ratio of 13.3%, the bank’s capital adequacy ratios stayed strong. All things considered, Yes Bank’s Q3 result shows that it is still making progress in strengthening its balance sheet and following its plans for growth.
Yes Bank’s shares opened at ₹18.63, reaching a high of ₹18.86 and a low of ₹18.36. Over the past 52 weeks, the stock has fluctuated between a high of ₹32.85 and a low of ₹17.06.
Prashant Kumar, Managing Director and CEO of Yes Bank, expressed confidence in the bank’s continued growth. In Q3FY25, the bank reported sustained profitability expansion for the fifth consecutive quarter, with Return on Assets (RoA) rising to 0.6% from 0.5%. Kumar noted two key trends: a reduction in PSL shortfall-related deposits, which could improve net interest margins, and stable retail segment slippages, aligning with earlier guidance. These factors contribute to the bank’s strong operating profitability and set a positive outlook for the future.
