Latest news with #YesBank
Mint
13 hours ago
- Business
- Mint
Yes Bank share price gains over 2% after Q1 results. Should you buy, sell or hold?
Yes Bank share price gained over 2% in early trade on Monday after the lender reported its Q1 results. Yes Bank shares rallied as much as 2.13% to ₹ 20.60 apiece on the BSE. Yes Bank reported a standalone net profit of ₹ 801 crore in the first quarter of FY26, registering a growth of 59% compared to ₹ 502 crore in the same quarter last year. The bank's net interest income (NII) in Q1FY26 increased by 5.7% year-on-year (YoY) to ₹ 2,371 crore, led by a fall in the cost of funds. Net interest margin (NIM) improved to 2.5%, while operating profit increased by 53.4% YoY to 1,358 crore. Asset quality during the June quarter remained stable, as Gross NPA and Net NPA remained unchanged sequentially at 1.6% and 0.3%, respectively. Provisions in Q1FY26 declined to ₹ 284 crore from ₹ 317 crore, QoQ. Anand Dama, Senior Research Analyst at Emkay Global Financial Services Ltd noted that Yes Bank's core performance remained weak, with credit growth slowing to 5% YoY and down 2.1% QoQ, while margins remained low at 2.5%. 'However, higher treasury gains led to an earnings beat. The bank expects NIM to slip in Q2 due to lending rate cuts. Yes's retail portfolio continues to exhibit stress with a slippage ratio of 2.5%, which we believe has led to management churn. The bank's CET 1 (~13.3%) is sub-par among peers, and would thus call for frequent dilution,' Dama said. Recently, SMBC agreed to acquire a 20% stake in Yes Bank from SBI (13.19% of the 24% sold) and other banks (6.81% of the total 9.7% stake sold) at a sale price of ₹ 21.5 per share (implying 1.3x FY27E ABV). However, the transaction is still pending RBI approval and so the bank has halted its search for a new CEO, he highlighted. Factoring in the Q1 beat, Emkay Global revises up FY26E EPS estimates by 5% and in turn its Yes Bank share price target by 6% to ₹ 17 apiece from ₹ 16. However, the brokerage firm retains a 'Sell' rating on Yes Bank shares, given sub-par growth, return ratios and higher valuations (1.2x FY27E ABV). At 9:30 AM, Yes Bank share price was trading 0.20% higher at ₹ 20.21 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
13 hours ago
- Business
- Economic Times
Yes Bank shares in focus after Q1 PAT zooms 59% YoY
Yes Bank reported a 59% YoY jump in Q1FY26 net profit to Rs 801 crore, driven by higher non-interest income and improved NII. Asset quality remained stable, while NIM rose to 2.5%. Technical indicators suggest a potential trend reversal, with analysts projecting a near-term upside towards Rs 21.50–23.00, backed by bullish chart patterns and strong support levels. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of 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 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%.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%.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 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 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 Friday, shares of Yes Bank closed flat at Rs 20.17 on BSE.
Time of India
13 hours ago
- Business
- Time of India
Yes Bank shares in focus after Q1 PAT zooms 59% YoY
Shares of 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%. Explore courses from Top Institutes in Select a Course Category MBA Product Management Operations Management Data Analytics Artificial Intelligence Technology healthcare Project Management Design Thinking Others Leadership Data Science others Degree Finance Cybersecurity Healthcare Public Policy MCA Digital Marketing Data Science Management PGDM CXO Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo 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. Live Events 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. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
Yes Bank Q1 results: Net profit jumps 59% to Rs 801 crore; treasury gains, other income drive growth
Yes Bank on Saturday reported a 59% year-on-year rise in net profit to Rs 801 crore for the June quarter of FY26, buoyed by strong gains from treasury operations and a sharp uptick in non-core income. The private sector lender said its other income surged 46% to Rs 1,752 crore, while treasury income swung to a gain of Rs 484 crore from a loss of Rs 32 crore in the year-ago period. Core net interest income grew 5.7% to Rs 2,371 crore, aided by a 5% expansion in advances and a 10 basis point rise in net interest margin to 2.5%, PTI reported. Managing director and CEO Prashant Kumar said the bank remains cautious on retail lending, preferring not to expand aggressively in low-margin products. However, he expressed confidence in accelerating overall advances growth during the rest of the year and reaffirmed the bank's full-year loan growth target. Gross slippages rose to Rs 1,458 crore during the quarter from Rs 1,223 crore in the preceding three months, with Kumar noting that two business accounts that slipped are likely to return to performing status soon. Kumar also said the proposed 20% stake acquisition by Japan's Sumitomo Mitsui Banking Corporation (SMBC) is expected to be completed by the end of September. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Live Update: The Strategy Uses By Successful Intraday Trader TradeWise Learn More Undo However, he declined to confirm whether SMBC had applied for an additional 5% stake. Asked about his own tenure following the Reserve Bank of India's six-month extension, Kumar declined to comment. He added that Yes Bank does not require fresh capital to support its growth plans, citing a comfortable capital adequacy ratio of 16.2%, with core Tier-1 capital at 14%. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Standard
2 days ago
- Business
- Business Standard
Yes Bank Q1 PAT climbs 59% YoY to Rs 801 cr
Yes Bank reported 59.43% surge in standalone net profit to Rs 801.07 crore in Q1 FY26 as against Rs 502.43 crore posted in Q1 FY25. The banks total income rose 4.82% YoY to Rs 9,348.11 crore in the quarter ended 30 June 2025. Profit before tax climbed 59.46% to Rs 1,074.03 crore in Q1 FY26 as against Rs 673.52 crore reported in the corresponding quarter last year. Net Interest Income (NII) for Q1 FY26 stood at Rs 2,371 crore, registering a year-on-year (YoY) growth of 5.65%. Meanwhile, the net interest margin (NIM) improved to 2.5% in Q1 FY26, compared to 2.4% reported in the same quarter last year. During the quarter, operating profit was at Rs 1,358 crore, up 53.44% from Rs 885 crore posted in the same period a year ago. Provisions (other than tax) and contingencies jumped 34.1% YoY to Rs 284 crore for the quarter ended 30 June 2025. In terms of asset quality, the bank's gross non-performing assets (NPAs) rose 4.60% to Rs 4,022.14 crore as of 30 June 2025, compared to Rs 3,844.9 crore as of 30 June 2024. Additionally, net NPAs dropped by 39.01% to Rs 797.25 crore in Q1 FY26, as against Rs 1,246.03 crore in Q1 FY25. The gross NPA ratio decreased to 1.6% as of June 30, 2025, compared to 1.7% as of June 30, 2024. Similarly, the net NPA ratio declined to 0.3% as of June 30, 2025, from 0.5% as of June 30, 2024. The banks total deposits grew by 4.1% YoY to Rs 2,75,843 crore in the quarter ended 30 June 2025. Additionally, the banks total advances increased by 5% YoY to Rs 2,41,024 crore. The banks CASA (Current Account Savings Account) ratio stood at 32.8% as of 30 June 2025, compared to 30.8% in the corresponding quarter of the previous year. Gross slippages for Q4 FY25 stood at Rs 1,458 crore (2.4% of advances), compared to Rs 1,223 crore (2.0% of advances) in Q4 FY25. The banks average quarterly LCR during the quarter remains healthy at 135.8%. During the quarter, Yes Bank's overdue book in the 6190 days declined to Rs 1,322 crore, compared to Rs 1,809 crore posted in Q1 FY25. Commenting on the results and financial performance, Prashant Kumar, managing director & CEO, YES BANK said, The Bank entered the new financial year on a strong footing and delivered a robust performance with net profit rising to Rs 801 crore, marking a 59.4% YoY growth. Key metrics such as RoA (0.8%), PPoP (Rs 1,358 crore), and NIM (2.5%) showed notable improvement. Asset quality remained stable, CASA witnessed healthy growth, and CET1 strengthened to 14.0% Other key highlights of the quarter were i) Credit rating upgrades from Moodys, ICRA, and CARE underscore the Banks solid fundamentals and accelerating growth momentum ii) Sumitomo Mitsui Corporation Bank (SMBC) entered into definitive agreement to acquire ~20% equity stake in YESBANK from SBI & Other Banks." Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients. The scrip rose 0.10% to end at Rs 20.17 on Friday, 18 July 2025.
