Yes Bank Ltd's Q3FY25 Quarterly Results

Result Summary

• Yes Bank Ltd reported a 2.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14.2%.
• Its expenses for the quarter were up by 1.2% QoQ and 13.0% YoY.
• The net profit increased 9.3% QoQ and increased 155.3% YoY.
• The earnings per share (EPS) of Yes Bank Ltd stood at 0.2 during Q3FY25.

Financial Statments for Q3FY25

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Yes Bank Ltd is a prominent player in the Indian banking sector, offering a wide range of financial products and services. The bank provides corporate banking, retail banking, and investment banking services. It is known for its efforts in digital banking solutions and has been focusing on expanding its retail and SME banking segments. In recent years, Yes Bank has undergone significant restructuring and capital infusion to stabilize its operations and improve its financial health. However, any specific recent developments outside of the data provided are not available within this context.

Revenue

In the third quarter of fiscal year 2025 (Q3FY25), Yes Bank Ltd reported a total income of ₹9416.05 crores. This represents a quarter-over-quarter (QoQ) increase of 2.1% from ₹9225.45 crores in Q2FY25, and a year-over-year (YoY) increase of 14.2% from ₹8243.46 crores in Q3FY24. The growth in total income reflects a positive trend in the bank's ability to generate revenue. This growth can be attributed to various factors, including enhanced lending activities, interest income, and other income-generating activities.

Profitability

In terms of profitability, Yes Bank's profit before tax (PBT) for Q3FY25 was ₹830.30 crores, showing a significant QoQ increase of 19.1% from ₹697.41 crores in Q2FY25, and an impressive YoY increase of 159.1% from ₹320.44 crores in Q3FY24. The profit after tax (PAT) for Q3FY25 stood at ₹619.44 crores, marking a QoQ growth of 9.3% compared to ₹566.59 crores in the previous quarter, and a substantial YoY growth of 155.3% compared to ₹242.59 crores in the same quarter of the previous year. The tax expenses for the quarter were ₹210.86 crores, reflecting a QoQ increase of 61.2% and a YoY increase of 170.9%. The earnings per share (EPS) remained constant QoQ at ₹0.20 but doubled YoY from ₹0.10 in Q3FY24.

Operating Metrics

Total expenses for Yes Bank in Q3FY25 were ₹8326.91 crores, which shows a 1.2% increase QoQ from ₹8230.75 crores in Q2FY25 and a 13.0% increase YoY from ₹7367.28 crores in Q3FY24. Provisions and contingencies, a critical metric for banks, decreased by 12.9% QoQ to ₹258.84 crores from ₹297.29 crores in the previous quarter, and by 53.4% YoY from ₹555.74 crores in Q3FY24. This reduction in provisions indicates a change in the bank's reserve management. These operating metrics suggest changes in the bank's cost management and risk mitigation strategies, reflecting its operational focus during the period.