YES Bank Q4 results: Net profit jumps 63% YoY, NII up 6%

Private sector lender YES Bank on Saturday reported that its March quarter standalone profit rose 63.3% year-on-year (YoY) to Rs 738 crore while its net interest income (NII) surged 5.7% YoY to Rs 2,276.3 crore.

Both the net profit and NII figures were above Street estimates. During the quarter, the bank's interest income rose 2.3% YoY to Rs 7,616 crore while net NPA (non-performing asset) came at 0.3% against 0.5% quarter-on-quarter.

YES Bank's gross NPA was flat sequentially at 1.6% while provisions came in at Rs 318.1 crore, up 23% sequentially.

The bank's advances rose 8.1% YoY to Rs 2.46 lakh crore while the deposit book rose 6.8% to Rs 2.85 lakh crore in Q4.

"The Bank exited the year with quarterly RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its Gross NPA and Net NPA ratios to 1.6% and 0.3% respectively – lowest levels since Mar’20, d) Brought down the net carrying
value of Security Receipts to ‘NIL’ and e) Furthered expanded the CASA ratio by 340 bps Y-o-Y to 34.3% in FY25," YES Bank MD and CEO Prashant Kumar said.

Agencies

The lender's Q4 net interest margin (NIM) came in at 2.5% vs 2.4% in the year-ago period. NIM for FY25 stood at 2.4%. Its total balance sheet grew 4.4% YoY while CASA ratio stood at 34.3% vs 30.9% in Q4FY24 and 33.1% QoQ.

Gross slippages for Q4 came in at Rs 1,223 crore (2% of advances) vs Rs 1,348 crore (2.2% of advances) in Q3FY25.

Kumar said YES BANK’s core franchise has gained significant momentum and is quite well placed to continue to thrive.

The Bank remains disciplined and focused on its execution with its strategy and actions remain fully anchored around further improving its Positioning and Profitability, he said, adding that e Q4FY25 marked yet another important quarter for YES BANK as it continued to make steady improvements across several key metrics and progressed well on the strategic objective of improving its profitability.

The last trading session on Thursday saw YES Bank shares ending 1.2% higher at Rs 18.09. The stock is down 24.5% in the last one year.