Yes Bank Q4 results: PAT jumps 123% to Rs 452 crore

The lender earned interest income of Rs 7,447.17 crore up from Rs 6,216.24 crore reported in the corresponding quarter of the last financial year. This was a 20% YoY jump.

Interest expended during the reported quarter stood at Rs 5,294.15 crore which was up from Rs 4,111 crore. It was up 29% on the YoY basis.

Key takeaways

• For the full financial year the standalone net profit stood at Rs 1,251 crore which is up from Rs 717.40 crore in Q3FY24. This is a 74% YoY jump over the last financial year.
• Total income for FY24 stood at Rs 32,700 crore which was up from Rs 26,382.49 crore.
• Gross NPA in the January-March quarter stood at Rs 3,982.56 crore versus Rs 4,394.57 reported in the corresponding quarter of the last financial year. It was a decline to 1.7% from 2% in Q3FY24 and 2.2% in Q4FY23.
• Net NPA was reported at Rs 1,329.73 crore versus Rs 1,658.09 crore in the year ago period. It was down to 0.6% from 0.9% in Q3FY24 and 0.8% in Q4FY23.
• The returns on assets grew to 0.5% from 0.2% in Q3FY24 and 0.2% Q4FY23.
• Net Advances stood at Rs 2,27,799 crore which registered a growth of 12.1% Y-o-Y and 4.7% Q-o-Q. Fresh disbursements stood at Rs 32,709 crore in Q4FY24 and Rs 114,000 crore in FY24.
• Total deposits stood at Rs 2,66,372 crore, up 22.5% Y-o-Y and 10.1% Q-o-Q while the CASA ratio reported at 30.9% versus 30.8% in Q4FY23 and 29.7% Q-o-Q.
• Bank’s total investments stood at Rs 90,235 crore at the end of March quarter up 17.4% Y-o-Y while its borrowings were at Rs 79,941 crore up 3.2% Y-o-Y.