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    HomeNewsBusinessMoneycontrol ResearchYes Bank: A no despite likely earnings traction

    Yes Bank: A no despite likely earnings traction

    Business growth of Yes Bank and margin performance will take long to catch up with peers; costs will also remain elevated

    Madhuchanda Dey
    April 25, 2023 / 10:48 IST
    Yes Bank | CMP: Rs 15.70 | Shares ended over 3 percent lower as the company on Saturday reported a near 45% drop in net profit year-on-year for the January-March quarter as provisions for bad loans increased. Net profit fell to RS 202 crores ($24.63 million) for the reporting quarter from Rs 367 crores in the same period a year earlier. Analysts had expected profit to drop to Rs 288 crores, according to Refinitiv data.
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    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More