Yes Bank’s shares will see a jump on Monday! Net profit of so many crores
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There is good news for investors. Yes Bank has released the results for the fourth quarter of the financial year 2024-25 i.e. January to March. This time the bank has performed beyond expectations. The net profit of the bank has jumped 63% to Rs 738 crore. Which was Rs 452 crore in the same quarter last year. These figures clearly show that the bank is slowly coming back on track.
Yes Bank CEO issued a statement
Yes Bank MD and CEO Prashant Kumar has called it another strong quarter. He said that all the important indicators of the bank have improved in this quarter. The continuously increasing profit shows that their strategy is working in the right direction.
Let’s take a look at the figures
- Net Profit: Rs 738 crore (63% increase)
- Net Interest Income (NII): Rs 2,276 crore (5.7% growth)
- Net Interest Margin (NIM): 2.5%
- Provisioning: Rs 318 crore (32.5% decrease)
- Gross NPA: 1.6% (10 basis point decrease)
- Net NPA: 0.3% (30 basis point decrease)
Major reasons behind the increase in profit
The biggest reason behind the better performance of Yes Bank is the increase in interest income i.e. income from loans. Also, the provisioning that the bank had kept for bad loans has also been reduced. This has helped in increasing profits. The bank has controlled its NPA level to a great extent. Gross NPA has now come down to 1.6% and net NPA to 0.3%. This is a clear indication that the bank’s balance sheet is now getting stronger than before and there are good signs of improvement in loan recovery.
Stock market movement
Although the market was closed on 18 April due to Good Friday. But on 17 April i.e. Thursday, Yes Bank shares saw a slight rise. On that day, the stock rose by about 1.23% and closed at Rs 18.90 (Yes Bank share price). Which was above the previous close of Rs 17.87.
Disclaimer: This news is written for informational purposes only. Investing in the stock market comes with risk. Before making any kind of investment, consult a financial advisor. No one is being advised to invest in this news.
