Yes Bank Q3: Analysts see profit to grow 29% to Rs 327 cr

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26 Aug, 2025 12:21

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Private sector lender Yes Bank is set to declare its results for the third quarter of current financial year 2012-13 on Wednesday. Analysts on an average expect profit after tax to grow by 29 percent year-on-year to Rs 327 crore in the quarter.

Net interest income is likely to rise by 32 percent to Rs 566 crore from Rs 428 crore during the same period.

In the September quarter, the bank had recorded a growth of 36 percent in net interest income at Rs 524 crore and 30 percent in profit after tax at Rs 306 crore.

Analysts expect net interest margin to be in the range of 2.8 percent to 2.9 percent, which it has been since FY12.

Asset quality and net interest margin of the bank have improved in previous quarter.

In second quarter of FY13, cost of funds had fallen by 30 basis points QoQ to 8.7 percent, resulting in 10 basis points QoQ improvement in net interest margin.

Additionally wholesale rates have declined by 250 basis points from March 2012, hence that is expected to help net interest margin.

Asset Quality for Yes Bank has always been healthy even in a challenging environment. In previous quarter, the bank had surprised due to an improvement as against analysts being cautious on it.

Restructured assets fell from Rs 197 crore to Rs 192 crore QoQ and slippages were at Rs 30 crore.

Gross non-performing liabilities went down to Rs 103 crore from Rs 110 crore while net non-performing liabilities fell to Rs 20 crore from Rs 24 crore QoQ.

Analysts see loan growth at 21 percent and deposits at 16 percent YoY. In second quarter, advances grew 23 percent and deposits 19 percent.

Increasing the CASA base remains a key focus area for the bank, say analysts. In July-September quarter, CASA improved to 17.3 percent as against 11 percent YoY and saving account deposits remained strong at 29 percent QoQ.

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