October 26, 2024
New Delhi, India
Yes Bank Q2 Results
Yes Bank reported steady growth in its Q2FY25 results, showcasing a 10% quarter-on-quarter (QoQ) increase in net profit, rising from ₹502.43 crore to ₹553.04 crore. On a year-over-year (YoY) basis, net profit nearly doubled from ₹225.21 crore in Q2FY24. The bank’s board approved these unaudited standalone results on Saturday.
Key Financial Highlights:
- Net Profit: ₹553.04 crore, up 10% QoQ and nearly double YoY.
- Total Income: ₹9,137.09 crore, a 2.45% sequential increase from ₹8,918.14 crore and up from ₹7,920.68 crore YoY.
- Provisions: ₹297.10 crore in Q2FY25, up from ₹211.77 crore in Q1FY25 but lower than ₹500.38 crore in Q2FY24.
Asset Quality Improvements:
- Gross NPA: Reduced YoY, standing at ₹3,889.43 crore, compared to ₹4,319.03 crore in Q2FY24.
- Net NPA: Improved both QoQ and YoY, at ₹1,168.02 crore in Q2FY25, down from ₹1,246.03 crore in Q1FY25 and ₹1,885.19 crore in Q2FY24.
Yes Bank’s Q2FY25 performance reflects robust income growth and strengthened asset quality, even as the bank increased provisions to address potential risks.
More Q2 Results
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