Yes Bank in limelight

Yes Bank is in the limelight today morning, basking in its Q2FY25 performance. The stock, which had closed at Rs.19.40, opened today morning at Rs.20.40 and rose to an intraday high at Rs.21.29. Its 52-week high is at Rs.32.81.

The Bank’s performance at a glance:

? NII at INR 2,200 Crs for Q2FY25 up 14.3% Y-o-Y

? NIMs at 2.4% for Q2FY25 vs. 2.3% in Q2FY24 & 2.4% in previous quarter

? Non-Interest Income for Q2FY25 at INR 1,407 Crs. at 1.4% of Average Assets (annualized).

? Operating Costs at INR 2,632 Crs up 12.8% Y-o-Y and 2.9% Q-o-Q.

? Operating Profit for Q2FY25 at INR 975 Crs, up 21.7% Y-o-Y and 10.2% Q-o-Q

? Cost-to-Income Ratio lower at 73.0% v/s. 74.4% (Q2FY24) and 74.3% (Q1FY25)

? Q2FY25 Provision Cost (non-tax) at INR 297 Crs down 40.6% Y-o-Y

? Net Profit for Q2FY25 at INR 553 Crs up 145.6% Y-o-Y & 10.1% Q-o-Q

? RoA for Q2FY25 at 0.5% v/s. 0.2% in Q2FY24 & 0.5% in Q1FY25

Asset quality:

? (NNPA + net carrying value of SR) as % of Advances at 0.9% in Q2FY25 v/s. 2.0% in Q2FY24; remains steady on Q-o-Q basis; Credit cost remains benign at 0.3% of Average Assets for Q2FY25 (on annualized basis)

• GNPA ratio at 1.6% as of September 30, 2024, v/s 2.0% at Q2FY24 and 1.7% at Q1FY25

• NNPA ratio at 0.5% v/s. 0.9% in Q2FY24 and 0.5% in Q1FY25

• NPA Provision Coverage Ratio (PCR) at 70.0% v/s. 56.4% in Q2FY24 and 67.6% in Q1FY25; Including Technical Write- offs, PCR at 81.5% v/s. 72.1% in Q2FY24 and 80.1% in Q1FY25 (NNPA + net carrying value of SR) as % of Advances at 0.9% in Q2FY25 v/s. 2.0% in Q2FY24; remains steady on Q-o-Q basis; Credit cost remains benign at 0.3% of Average Assets for Q2FY25 (on annualized basis)

• GNPA ratio at 1.6% as of September 30, 2024, v/s 2.0% at Q2FY24 and 1.7% at Q1FY25

• NNPA ratio at 0.5% v/s. 0.9% in Q2FY24 and 0.5% in Q1FY25

• NPA Provision Coverage Ratio (PCR) at 70.0% v/s. 56.4% in Q2FY24 and 67.6% in Q1FY25; Including Technical Write- offs, PCR at 81.5% v/s. 72.1% in Q2FY24 and 80.1% in Q1FY25