Yes Bank Q3 Results: Profit Soars 164.5%, NII Up 10.2%
Yes Bank announced its financial results for the third quarter of fiscal year 2025, ending December 2024, showcasing a strong performance. The bank reported a significant 164.5% year-on-year (YoY) jump in its profit after tax (PAT), reaching ₹612.27 crore. Net interest income (NII) also saw a healthy increase of 10.2% YoY.
The bank's NII was reported at ₹2,224 crore. The net interest margins (NIMs) remained stable at 2.4%, both YoY and quarter-on-quarter (QoQ).
Key Financial Highlights
Here are some key highlights from Yes Bank's Q3 FY25 results:
- Profit After Tax (PAT): ₹612.27 crore, a 164.5% YoY increase.
- Net Interest Income (NII): ₹2,224 crore, up 10.2% YoY.
- Net Interest Margin (NIM): 2.4%, flat YoY and QoQ.
- Interest Earned: ₹7,829.13 crore, up 12% YoY.
- Interest Expended: ₹5,605.62 crore, up 12.8% YoY.
Asset Quality Improvement
Yes Bank also demonstrated a sustained improvement in its asset quality metrics during the quarter. The Gross Non-Performing Asset (GNPA) ratio improved to 1.6% in Q3 FY25, compared to 2.0% in Q3 FY24. On a sequential basis, the GNPA ratio remained relatively stable.
The Net Non-Performing Asset (NNPA) ratio also showed improvement, decreasing to 0.5% in Q3 FY25 from 0.9% in Q3 FY24. The NNPA ratio remained stable compared to the previous quarter (Q2 FY25) at 0.5%.
CASA Ratio and Deposit Growth
The bank's CASA (Current Account Savings Account) ratio improved to 33.1% in Q3 FY25, up from 29.7% in the same quarter of the previous fiscal year. The current account balances grew by 21.1% YoY, with an average growth of 22.1% YoY. Savings account balances saw robust growth, increasing by 33.3% YoY and 9.2% sequentially. The average savings account balances growth stood at 32.1% YoY.
Advances and Deposits
Yes Bank's advances reached ₹2,44,834 crore, registering a YoY growth of 12.6%, while its total deposits reached ₹2,77,224 crore, up 14.6% YoY.
Stock Performance
Yes Bank shares closed 1.24% higher at ₹18.25 on the BSE on Friday.
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