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EQUITY - MARKET SCREENER

Yes Bank
19-Apr-25   21:23 Hrs IST
Yes Bank has reported strong 63% growth in net profit at Rs 738.12 crore for the quarter ended March 2025 (Q4FY2025). The bank has posted 6% growth in net interest income (NII), while the core fee income of the bank improved 6% in Q4FY2025. The Net Interest Margin (NIM) of the bank expanded to 2.50% in Q4FY2025 compared to 2.40% in the corresponding quarter of previous year.
On business front, the bank as has posted 7% growth in business with 8% rise in loan book. The asset quality of the bank has further improved in Q4FY2025. Bank has raised the credit to deposit ratio to 86.5% at end March 2025 from 85.5% at end March 2024. The CASA ratio of the bank has jumped to 34.3% at end March 2025 from 30.9% at end March 2024.

Asset quality improves: The bank has continued to improve asset quality in Q4FY2025.

The fresh slippages of loans stood at Rs 1223 crore in Q4FY2025 compared with 1348 crore in previous quarter and Rs 1356 crore in the corresponding quarter last year.

The recoveries of NPAs stood at Rs 275 crore, upgradations at Rs 253 crore and the write-off of loans was at Rs 724 crore in Q4FY2025.

The standard restructured loan book of the bank declined to Rs 424 crore end March 2025.

Provision coverage ratio has improved to 87.60% at end March 2025 compared to 82.40% a quarter ago and 79.30% a year ago.

The capital adequacy ratio of the bank stood at 15.6% with Tier I ratio at 13.5% at end March 2025.

The risk weighted assets of the bank has increased 6% YoY to Rs 301900 crore end March 2025,

Asset Quality Indicators: Yes Bank

'

Mar-25

Dec-24

Sep-24

Jun-24

Mar-24

Variation

QoQ

YoY
Gross NPA (Rs Crore)

 3935.61

 3963.47

 3889.43

 3844.90

 3982.56

 -1

 -1
Net NPA (Rs Crore)

 800.14

 1142.62

 1168.02

 1246.03

 1329.73

 -30

 -40
% Gross NPA

 1.60

 1.60

 1.60

 1.70

 1.70

 0

 -10
% Net NPA

 0.30

 0.50

 0.50

 0.50

 0.60

 -20

 -30
% PCR

 87.60

 82.40

 81.50

 80.10

 79.30

 520

 830
% CRAR - Basel III

 15.60

 15.20

 15.60

 16.30

 15.40

 40

 20
% CRAR - Tier I - Basel III

 13.50

 12.59

 13.20

 13.30

 12.20

 91

 130

Variation in basis points for figures given in percentages and in % for figures in Rs crore

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Business Highlights:

Business growth ease: The business of the bank has increased 7% YoY to Rs 530714 crore end March 2025, driven by 8% rise in advances to Rs 246188 crore. Deposits rose 7% to Rs 284525 crore at end March 2025.

CASA deposits ratio jumps: The CASA deposits of the bank increased 18% YoY to Rs 97480 crore at end March 2025. The current account deposits increased 5% to Rs 43304 crore, while saving account deposits zoomed 32% to Rs 54176 crore end March 2025. The CASA ratio declined to 34.3% at end March 2025 compared to 30.9% at end March 2024, while also gained from 33.1% a quarter ago. The term deposits have increased 2% to Rs 187045 crore end March 2025.

Loan growth moderates: Advances growth has decelerated due to retail loans showing decline of 3% YoY to Rs 101560 crore at end March 2025, while credit to MSME increased 23% to Rs 85556 crore at end March 2025. The corporate credit has moved up 12% to Rs 59073 crore end March 2025.

Investment book of the bank declined 6% YoY to Rs 85104 crore at end March 2025. The SLR book fell 6% to Rs 75384 crore, while non SLR book rose 1% to Rs 9721 crore at end March 2025.

Margins improve: The bank has maintained stable cost of deposits at 6.40%, while yield on advances declined 20 bps YoY to 10.10% in Q4FY2025. NIM has improved 10 bps YoY as well as 10 bps qoq to 2.50% in Q4FY2025.

Branch expansion: The bank has added 8 branches and 5 ATMs in Q4FY2025, taking overall tally to 1255 branches and 1331 ATM`s end March 2025.

Book value of the bank stood at Rs 15.2 per share at end March 2025, while the adjusted book value (net of NNPA and 10% of restructured advances) was Rs 15.0 per share at end March 2025.

Quarterly Performance

NII rises as NIM improves: Bank has recorded 2% increase in the interest earned at Rs 7616.13 crore, while interest expenses increased 1% to Rs 5339.77 crore in Q4FY2025. NII improved 6% to Rs 2276.36 crore in the quarter ended March 2025.

Healthy growth in the core fee income: Bank has posted strong 6% growth in core fee income to Rs 1527 crore, while the treasury income jumped 773% to Rs 131 crore. However, the forex income declined 31% to Rs 81 crore, restricting the growth in overall non-interest income at 11% to Rs 1739.26 crore in the quarter ended March 2025.

Expenses ratio improves: The operating expenses of the bank declined 4% to Rs 2701.24 crore, as other expenses fell 6% to Rs 1684.42 crore and employee expenses eased 1% to Rs 1016.82 crore in Q4FY2025. Cost to income ratio improved to 67.3% in Q4FY2025 compared with 75.8% in Q4FY2024, helping the Operating Profit to increase 46% to Rs 1314.38 crore.

Provisions and contingencies decline: The bank has showed 32% decline in provisions to Rs 318.07 crore. The loan loss provisions rose 1% to Rs 913 crore, while other provisions fell 31% to Rs 65 crore. Further, the bank has written back investment provisions of Rs 573 crore and standard asset provisions of Rs 86 crore in Q4FY2025.

Effective tax rate rose to 25.9% in Q4FY2025 from negative tax rate of 4.7% in Q4FY2024. Net Profit rose by 63% YoY to Rs 738.12 crore during quarter ended March 2025.

Financial Performance FY2025:

Bank has posted 92% increase in net profit to Rs 2405.86 crore in the year ended March 2025 (FY2025). The net interest income increased 10% to Rs 8944.35 crore, while non-interest income moved up 15% to Rs 5856.86 crore, pushing up net total income by 12% to Rs 14801.21 crore in FY2025. The operating expenses increased 7% to Rs 10547.26 crore, while provision and contingencies dipped 42% to Rs 1085.61 crore, allowing profit before tax to increase 111% to Rs 3168.34 crore in FY2025. The cost-to-income ratio improved to 71.3% in FY2025 compared to 74.4% in FY2024. An effective tax rate rose to 24.1% in FY2025 compared to 16.6% in FY2024. The net profit has increased 92% to Rs 2405.86 crore in FY2025.

Yes Bank: Results

Particulars

2503 (3)

2403 (3)

Var %

2503 (12)

2403 (12)

Var %
Interest Earned

 7616.13

 7447.17

 2

 30894.91

 27585.94

 12
Interest Expended

 5339.77

 5294.15

 1

 21950.56

 19491.32

 13
Net Interest Income

 2276.36

 2153.02

 6

 8944.35

 8094.62

 10
Other Income

 1739.26

 1568.60

 11

 5856.86

 5114.30

 15
Net Total Income

 4015.62

 3721.62

 8

 14801.21

 13208.92

 12
Operating Expenses

 2701.24

 2819.15

 -4

 10547.26

 9822.66

 7
Operating Profits

 1314.38

 902.47

 46

 4253.95

 3386.26

 26
Provisions & Contingencies

 318.07

 470.86

 -32

 1085.61

 1886.28

 -42
Profit Before Tax

 996.31

 431.61

 131

 3168.34

 1499.98

 111
EO

 0.00

 0.00

 -

 0.00

 0.00

 -
PBT after EO

 996.31

 431.61

 131

 3168.34

 1499.98

 111
Provision for tax

 258.19

 -20.28

 PL

 762.48

 248.90

 206
PAT

 738.12

 451.89

 63

 2405.86

 1251.08

 92
EPS*(Rs)

 0.9

 0.6

 '

 0.8

 0.4

 '
Adj BV (Rs)

 15.0

 14.1

 '

 15.0

 14.1

 '

* Annualized on current equity of Rs 6270.82 crore. Face Value: Rs 2, Figures in Rs crore

Source: Capitaline Corporate Database

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