Yes Bank Ltd's Q4FY25 Quarterly Results

Result Summary

• Yes Bank Ltd reported a 3.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4FY25). On a year-on-year (YoY) basis, it witnessed a growth of 23.8%.
• Its expenses for the quarter were down by 1.7% QoQ and up 26.7% YoY.
• The net profit decreased 24.6% QoQ and increased 126.6% YoY.
• The earnings per share (EPS) of Yes Bank Ltd stood at 0.2 during Q4FY25.

Financial Statments for Q4FY25

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 one of the prominent players in the Indian banking sector, primarily offering a wide range of financial services including personal banking, corporate banking, and investment banking. The bank is known for deploying cutting-edge technology to enhance customer experiences and streamline its operations. Headquartered in Mumbai, Yes Bank has a robust presence across the country, offering numerous products like savings accounts, loans, and credit cards to a diverse clientele. While the bank is recognized for its innovative banking solutions, it has also been in the spotlight for undergoing significant restructuring and regulatory interventions in recent years aimed at stabilizing its operations and ensuring sustainable growth.

Revenue

In the fourth quarter of FY25, Yes Bank reported a total income of ₹9099.60 crores, marking a decrease of 3.4% from ₹9416.05 crores in the previous quarter (Q3FY25). However, when compared to the same quarter in the previous fiscal year (Q4FY24), the total income showed a notable increase of 23.8%, up from ₹7351.56 crores. This year-over-year growth indicates a substantial increase in the bank's revenue-generating activities over the past year. The quarter-over-quarter decline in total income suggests variability in the bank's income, which could be attributed to seasonal factors or changes in the market environment within the quarter.

Profitability

Yes Bank's profitability metrics show a mixed performance. The profit before tax in Q4FY25 was ₹450.60 crores, representing a decline of 45.7% from ₹830.30 crores in Q3FY25. On a year-over-year basis, there was a significant improvement of 63.8% over Q4FY24, where the profit before tax was ₹275.12 crores. The bank's profit after tax for Q4FY25 was ₹467.29 crores, which is a decrease of 24.6% from the previous quarter's ₹619.44 crores. Nonetheless, this figure reflects an impressive 126.6% increase from the profit after tax of ₹206.21 crores in Q4FY24. The bank's earnings per share remained consistent at ₹0.20 compared to the previous quarter, but doubled from ₹0.10 in the same quarter of the previous year, highlighting improved profitability on a per-share basis over the year.

Operating Metrics

The total expenses for Yes Bank in Q4FY25 were ₹8184.09 crores, showing a slight decrease of 1.7% from ₹8326.91 crores in Q3FY25. Compared to the previous year (Q4FY24), the expenses increased by 26.7% from ₹6458.92 crores, indicating higher operational costs year-over-year. The provisions and contingencies for the quarter stood at ₹464.91 crores, which is a significant increase of 79.6% from ₹258.84 crores in the previous quarter, yet a decrease of 24.7% from ₹617.52 crores in Q4FY24. The tax expense recorded a notable change, moving from an expense of ₹210.86 crores in Q3FY25 to a tax benefit of ₹16.69 crores in Q4FY25, contrasting sharply with the ₹68.91 crores tax expense in Q4FY24. These figures outline the bank's operational cost management and provisioning strategies over the periods in question.