Yes Bank is set to announce its Q3 results this week. The bank in an exchange filing on Jan. 7 had confirmed the announcement of results. The private sector lender caters to retail customers, MSMEs, and corporate clients. Established in 2003, Yes Bank has grown to become one of India's leading private banks, with a market capitalisation exceeding Rs 57,000 crore.
Here is everything you need to know about Yes Bank's Q3 results.
Yes Bank Q3 Results Earnings Schedule
Yes Bank in a stock exchange filing said that its board of directors will meet on Saturday, Jan. 25, to consider and approve the financial results for the October-December quarter of the ongoing fiscal year.
“This is to inform that the meeting of the Board of Directors of YES BANK Limited (the "Bank") will be held on Saturday, January 25, 2025, at Mumbai, inter alia, to consider and approve the Un-audited Standalone and Consolidated Financial Results of the Bank for the Quarter (Q3) and nine months ended on December 31, 2024,” the filing read.
The trading window of Yes Bank will be closed for designated people and their immediate family members till two days post-publication of the Q3 results and “such persons shall not be permitted to trade in the securities of the Bank till two days post-publication of results,” the lender added.
Yes Bank Share Price History
Yes Bank's share price has remained nearly flat in the last five trading sessions on the NSE, gaining 0.49%. Over the past month and year, the stock price has tanked significantly. Yes Bank shares have fallen 8.79% in the last month and 28.57% over the past year.
Yes Bank Q2 Performance
Yes Bank Ltd. reported more than a two-fold increase in its net profit for the July-September 2024 quarter at Rs 553 crore as compared to Rs 225 crore in the same period last year. The surge in net profit was driven by lower provisions and improved asset quality. Net interest income grew 14% year-on-year to Rs 2,200 crore, while the net interest margin increased to 2.4%, up from 2.3% in the year-ago period. Provisions fell 41% year-on-year to Rs 297 crore.
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