July 20, 2024
New Delhi, India
YES Bank Q1 Results
YES Bank has reported its Q1FY25 results, showcasing a substantial year-on-year (YoY) growth in net profit and improvements in key financial metrics. The private lender’s robust performance highlights its steady recovery and growth trajectory.
Key Financial Highlights:
- Net Profit: YES Bank reported a standalone net profit of ₹502.43 crore for Q1FY25, marking a 46.4% increase compared to ₹342.52 crore in Q1FY24.
- Net Interest Income (NII): The bank’s NII rose 12.2% YoY to ₹2,243.9 crore from ₹2,000 crore in the same period last year. Sequentially, NII grew by 4.2%.
Interest Income and Advances:
- Interest Earned: The interest earned in Q1FY25 was ₹7,719.15 crore, a 19% increase from ₹6,443.22 crore in Q1FY24.
- Net Advances: Net advances for the quarter were ₹2,29,565 crore, reflecting a YoY growth of 14.7% and a QoQ growth of 0.8%.
Deposits and CASA Ratio:
- Total Deposits: Total deposits grew by 20.8% YoY to ₹2,65,072 crore in Q1FY25.
- CASA Ratio: The CASA (Current Account Savings Account) ratio improved to 30.8% in Q1FY25, up from 29.4% in the same period last year and slightly down from 30.9% in the previous quarter.
Asset Quality:
- Gross NPA: YES Bank’s gross NPA ratio stood at 1.7% in Q1FY25, consistent with the previous quarter.
- Net NPA: The net NPA ratio improved to 0.5% from 0.6% in Q4FY24.
YES Bank’s Q1FY25 results indicate a strong performance, with significant improvements in profitability, interest income, and deposit growth. The increase in the CASA ratio and the stabilization of NPA levels reflect the bank’s ongoing efforts to strengthen its financial position and enhance operational efficiency. As the bank continues to build on this momentum, it is well-positioned for sustained growth in the coming quarters.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
