Yes Bank Ltd. reported a strong December-quarter performance, with net profit rising 55.4% year-on-year to Rs 952 crore, compared with Rs 612 crore in the year-ago period.
Net interest income increased 11% annually to Rs 2,466 crore from Rs 2,224 crore, supported by stable core operations.
Asset quality remained steady. Gross non-performing assets stood at 1.5%, improving marginally from 1.6% in the previous quarter, while net NPA was flat at 0.3% sequentially. Provisions declined sharply, falling 91.5% yearly to Rs 21.9 crore from Rs 259 crore a year earlier, aiding profitability.
Yes Bank Q3 Highlights (YoY)
- Profit up 55.4% at Rs 952 crore versus Rs 612 crore
- NII up 11% at Rs 2,466 crore versus Rs 2,224 crore
- Provisions down 91.5% at Rs 21.9 crore versus Rs 259 crore
- Net NPA flat at 0.3% (QoQ)
- Gross NPA at 1.5% versus 1.6% (QoQ)
This is a developing story.
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