Yes Bank shares in focus after Q1 PAT zooms 59% YoY
Yes Bank
are likely to be in focus on Monday, July 21, following the announcement of its strong Q1FY26 results. The private lender reported a 59% year-on-year (YoY) jump in standalone profit after tax (PAT), which stood at Rs 801 crore, compared to Rs 502 crore in the same quarter of the previous financial year.
The significant rise in net profit was driven by a combination of higher non-interest income and an improvement in net interest income (NII). Yes Bank reported a 5.7% YoY increase in NII, which came in at Rs 2,371 crore for Q1FY26, aided by a reduction in the cost of funds. On a sequential basis, NII grew by 4.2%.
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Meanwhile, the bank's non-interest income rose sharply by 46.1% YoY to Rs 1,752 crore, boosted by improved treasury income. Sequentially, non-interest income saw marginal growth of 0.7%.
Also read:
Is RIL's strong profit growth sustainable amid rising capital expenditure?
Yes Bank's net interest margin (NIM) for Q1FY26 stood at 2.5%, reflecting an upward trend on a year-on-year (YoY) basis. The improvement was driven by reductions in deposits related to the priority sector lending (PSL) shortfall and savings account (SA) rate cuts, partially offset by repricing impacts.
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Total interest income for the quarter stood at Rs 7,596 crore, down 1.6% from Rs 7,719 crore reported in the same quarter of the previous year. Interest expenses also declined by 4.6% YoY to Rs 5,224.41 crore, compared to Rs 5,475 crore a year ago.
Yes Bank's asset quality remained stable, with improvements seen in both gross non-performing assets (GNPA) and net non-performing assets (NNPA) ratios on a YoY basis.
On Friday, shares of Yes Bank closed flat at Rs 20.17 on BSE.
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