Private sector lender Yes Bankon Saturday reported a 63.3% year-on-year (YoY) increase in standalone net profit to Rs 738 crore for the March quarter. Net interest income (NII) also rose by 5.7% YoY to Rs 2,276.3 crore.Both net profit and NII exceeded Street estimates.
During the quarter, the bank’s interest income grew by 2.3% YoY to Rs 7,616 crore. Net non-performing assets (NPA) improved to 0.3%, down from 0.5% in the previous quarter.
Yes Bank’s gross NPA remained unchanged sequentially at 1.6%, while provisions increased 23% quarter-on-quarter to Rs 318.1 crore. Advances grew 8.1% YoY to Rs 2.46 lakh crore, and the deposit base rose 6.8% YoY to Rs 2.85 lakh crore in Q4.
“The Bank exited the year with a quarterly RoA of 0.7%, achieved 100% PSL compliance, improved Gross and Net NPA ratios to 1.6% and 0.3% respectively — the lowest levels since March 2020, brought down the net carrying value of Security Receipts to NIL, and expanded the CASA ratio by 340 basis points YoY to 34.3% in FY25,” said Yes Bank MD and CEO Prashant Kumar.
The bank’s net interest margin (NIM) for Q4 came in at 2.5%, up from 2.4% a year ago. For FY25, NIM stood at 2.4%. The total balance sheet grew 4.4% YoY, while the CASA (current account and savings account) ratio stood at 34.3%, compared to 30.9% in Q4FY24 and 33.1% in the previous quarter.
Gross slippages during the quarter came in at Rs 1,223 crore, which is 2% of total advances, compared to Rs 1,348 crore (2.2%) in Q3FY25.
Kumar noted that Yes Bank’s core franchise has gained significant momentum and is well-positioned to sustain growth. He added that the bank remains disciplined in its execution, with a clear focus on improving its positioning and profitability. He termed Q4FY25 as another important quarter in which the bank made steady improvements across several key performance metrics.