YES Bank reported a standalone net profit of Rs 738.12 crore for the quarter ended March 31, 2025, marking a 63.7 percent year-over-year growth compared to Rs 451.9 crore in the corresponding quarter last year. The strong performance was supported by higher interest income, reduced provisions, and an improvement in asset quality.
Total income during the quarter rose to Rs 9,355.4 crore, slightly up from Rs 9,015.8 crore in the same period last year. Interest income stood at Rs 7,616.1 crore, compared to Rs 7,447.2 crore a year ago. Other income also saw an increase, reaching Rs 1,739.3 crore from Rs 1,568.6 crore year-over-year.
The bank’s operating profit before provisions grew to Rs 1,314.4 crore, up from Rs 902.5 crore in the year-ago quarter. Provisions and contingencies declined significantly to Rs 318.1 crore, down from Rs 470.9 crore last year, contributing to the strong bottom-line performance.
On the asset quality front, YES Bank reported gross non-performing assets (NPAs) of Rs 3,935.6 crore, with a gross NPA ratio of 1.6 percent, improving from 1.7 percent in the same quarter last year. Net NPAs stood at Rs 800 crore, with the net NPA ratio improving to 0.3 percent from 0.6 percent year-over-year.
For the full financial year FY25, the bank posted a net profit of Rs 24,058.6 crore, a sharp increase from Rs 12,510.8 crore reported in FY24.
On April 17, Yes Bank's shares on BSE closed 1.1% higher at Rs 18 apiece.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
