Yes Bank Q3 results: Net profit jumps 168% to Rs 612.3 crore, asset quality healthy

Yes Bank

Yes Bank on January 25, 2025, reported a net profit of Rs 612.3 crore in the third quarter of fiscal year 2025, 168 percent higher than Rs 231.6 crore in the corresponding quarter last year.

The net interest income of the lender was at Rs 2,223 crore, higher than 10.2 percent from Rs 1,971 crore last year.

Net Interest Margins (NIMs) at 2.4percent flat on both on-year and on-quarter basis, as per press release of the bank.

Non-Interest Income for Q3FY25 at Rs 1,512 crore, which was up 26.6 percent on-year and 7.5 percent on-quarter.

The lender’s gross non-performing assets (GNPA) stood at 1.6 percent in Q3 FY25, versus 2.02 percent last quarter. The net non-performing assets (NNPA) stood at 0.5 percent versus 0.5 percent last quarter.

NPA Provision Coverage Ratio (PCR) at 71.2 percent in October-December quarter, as compared to 56.6 percent in a year ago period and 70.0 percent in a quarter ago period, including Technical Write- offs, PCR at 82.4 percent, as against 71.9 percent in Q3FY24 and 81.5 percent in Q2FY25.

Gross Slippages for Q3FY25 at Rs 1,348 crore, as against Rs 1,233 crore in Q3FY24 and Rs

1,314 crore in Q2FY25, release added. Retail Segment Fresh Slippages for Q3FY25 at Rs 1,174 crore as compared to Rs 1,179 crore in Q2FY25.

Overdue book of 31-90 days at Rs 3,980 crore from Rs 4,379 crore in Q3FY24 and

Rs 3,762 crore in Q2FY25.

Net Advances at Rs 2,44,834 crore, registered growth of 12.6 percent on-year and and 4.1 percent on-quarter.

Diversified loan book – Retail & SME: Mid Corp.: Corp. mix at 58:16:26 vs. 63:14:23

last year and 59:16:25 last quarter, bank said in a release. Fresh Disbursements at Rs 25,256 crore in Q3FY25.

In October-December quarter, CD Ratio of the bank stood at 88.3 percent, as against 89.9 percent in a year ago period and 84.8 percent in a quarter ago period.

Total Deposits at Rs 2.77 lakh crore, up 14.6 percent on-year. Average deposit Balances up 15.7 percent on-year and 2.3 percent on-quarter.

Retail & Branch Banking led Deposits growth at 21.8 percent on-year and 5.3 percent on-quarter. CASA ratio at 33.1 percent as compared to 29.7 percent in Q3FY24 and 32.0 percent in Q2FY25.

Current Account balances grew 21.1 percent on-year, with average current account growth at 22.1 percent on-year.

Savings Account balances growth at 33.3 percent on-year and 9.2 percent on-quarter. Average savings account balances growth at 32.1 percent on-year and 9.0 percent on-quarter.

The shares of the bank closed for trading at Rs 18.24 on January 25, 2025, 1.25 percent down on BSE.