Yes Bank Q4 Results; PAT Rises 123% at Rs 452 Crore

Yes Bank's Strong Q4 Performance

YES Bank's shares surged 9% after reporting a net profit of Rs 452 crore for Q4FY24, up 123% YoY, driven by one-off gains. Net interest income rose 2% YoY to Rs 2,153 crore.

Asset Quality Improves

YES Bank's gross non-performing assets decreased to 1.7% in Q4FY24 from 2.0% YoY. Net NPA stood at 0.6%, marking a 0.90% QoQ improvement. Provisions fell 23.7% YoY to Rs 470.80 crore.

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Financial Performance Highlights

Despite one-off gains, YES Bank maintained a flat net interest margin at 2.4% sequentially. Operating profit increased 4.4% YoY to Rs 902 crore. Total market capitalisation exceeded Rs 81,000 crore.

Positive Growth

YES Bank's RoA expanded to 0.5% in Q4FY24. Deposit growth surpassed 20% YoY for the first time in 8 quarters, with CASA ratio at 30.9%. The bank focused on expanding its digital footprint through partnerships.

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