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Business News/ Companies / Company Results/  YES Bank Q3 profit rises 76.8% YoY to 266.4 cr
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YES Bank Q3 profit rises 76.8% YoY to ₹266.4 cr

Yes Bank's net interest income, however, declined 31 per cent Y-o-Y to ₹1,764 crore, while other income dipped 32 per cent to ₹734 crore

Yes BankPremium
Yes Bank

Yes Bank on Saturday reported a 76.8% year on year rise in net profit at 266.4 crore in October-December quarter of FY22 as compared to 150.7 crore profit during the same quarter last year. The private lender's profit rose 18.2 per cent on quarter on quarter basis from 225 crore, while operating profit was up 7.7 per cent on Q-o-Q basis and down 66.4 per cent on YoY basis.

YES Bank's total net income in Q3 FY22 dipped by 31.5 per cent to 2,498 crore in October-December 2021 quarter as against 3,648 crore recorded in the corresponding period of previous year.

Yes Bank's net interest income, however, declined 31 per cent YoY to 1,764 crore in Q3 FY22 compared to 2,560 crore recorded in the corresponding quarter of 2020-21, while it grew at 16.6 per cent on Q-o-Q basis, Yes Bank said in a stock exchange filing. 

The bank's other or non-interest income in the said quarter stood at 734 crore vs 1,087 crore recorded in the third quarter of 2020-21.

The bank's GNPA ratio further improved to 14.7 per cent, vs 15.0 per cent last quarter, led by lower slippages at 978 crore vs 1,783 crore in Q2 FY22.

Yes Bank's resolution momentum has continued with 610 crore of cash recoveries and 573 crore of upgrades during Q3 FY22. The balance sheet also stayed above 3 lakh crore for first time since Sept 2019, up 6 per cent Q-o-Q.

Meanwhile, YES Bank stock closed at 13.85, up 0.050 or 0.36 per cent, on the NSE on Friday.

 

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Published: 22 Jan 2022, 02:28 PM IST
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