Yes Bank on Saturday, January 25, reported robust third-quarter earnings for FY25, posting a net profit of ₹612.3 crore for the period, significantly exceeding the CNBC-TV18 poll estimate of ₹538.9 crore. It marks a substantial year-on-year increase in profitability, with the private sector lender's net profit up by over 165% compared to ₹231.5 crore in the same quarter last year.
The bank's Net Interest Income (NII) came in at ₹2,223.5 crore, a 10.2% growth compared to ₹2,016.9 crore in Q3 FY2024. However, this was slightly below the street’s expectations, with the CNBC-TV18 poll predicting NII at ₹2,258 crore.
Despite the slight miss on NII, Yes Bank reported stable asset quality metrics, with Gross NPA remaining steady at 1.6% and Net NPA at 0.5%, both unchanged compared to the previous quarter.
Yes Bank's gross and net NPAs showed minor quarterly increases with the Gross NPA rising marginally to ₹3,963.47 crore, compared to ₹3,889.4 crore in Q2 FY2025. The Net NPA stood at ₹1,142.6 crore, a slight decrease from ₹1,168 crore in the previous quarter. The bank maintained its Gross NPA ratio at 1.6% and Net NPA ratio at 0.5%.
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