YES Bank Q3 Results
YES Bank Q3 Results: Yes Bank is scheduled to release its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024, on Saturday, January 25, 2025. The private lender had announced this date in an exchange filing earlier this month.
According to a separate filing, after the earnings announcement, Yes Bank will hold a conference call with analysts and investors at 3:00 pm IST on the same day to discuss financial results.
As of December 31, 2024, Yes Bank’s loans and advances grew 12.6% year-on-year (YoY) to Rs 2,45,035 crore as compared to Rs 2,17,523 crore in the previous year. Deposits grew 14.6% year-on-year to Rs 2,77,199 crore as against Rs 2,41,831 crore a year ago. However, deposits remained stable on a quarter-on-quarter (QoQ) basis. The bank’s current account and savings account (CASA) deposits grew 27.6% year-on-year.
Following the bank’s Q3 update, Nirmal Bang Institutional Equities observed trends such as slow loan growth, strong term deposit growth, pressure on CASA mobilisation, and a decline in the loan-to-deposit (C/D) ratio. Additionally, some small finance banks (SFBs) reported a decline in gross non-performing assets (GNPA) and collection efficiency.
On January 23, 2025, YES Bank shares closed at Rs 18.48, up 0.65%. The bank’s market capitalisation dropped below Rs 58,000 crore. The stock has declined 44% from its 52-week high of Rs 32.81 hit in February 2024 and has declined over 25% in the last six months.
Analysts expect Yes Bank to report double-digit growth in net interest income (NII) on a year-on-year basis, though sequential growth may be flat. Net profit is estimated to more than double on a year-on-year basis, with little change on a quarter-on-quarter basis. Net interest margin (NIM) may contract slightly.
Kotak Institutional Equities estimates NII at Rs 2,219.2 crore, up 10% on-year but flat compared to the previous quarter. Pre-provision profit (PPOP) is expected to be Rs 1,024.8 crore, up 18.6% on-year and 5.1% on-quarter.
PAT is likely to reach Rs 512 crore, a 121.4% YoY growth but a 7.4% decline quarter-on-quarter. NIM for the quarter may decline slightly to 2.7%. Kotak is cautious, it expects NII growth to moderate due to slower loan growth and mix changes.
Emkay Financial Services estimates NII for Q3 FY25 to be Rs 2,268.5 crore, up 12.5% ​​over the same quarter last year and 3.1% quarter-on-quarter. PPOP is estimated at Rs 986 crore, up 14.2% quarter-on-quarter but stable sequentially. PAT is expected to grow 142.3% YoY to Rs 559.4 crore, with a marginal 1.1% quarter-on-quarter growth.
Anand Rathi Shares & Stock Brokers, which also has a ‘sell’ rating, estimates NII to reach Rs 2,245.6 crore in Q3, up 11.3% over the same quarter last year and 2.1% quarter-on-quarter.
PPOP is estimated at Rs 1,002.8 crore, up 16.1% over the same quarter last year and 2.8% quarter-on-quarter. Net profit is estimated to grow 131.3% over the same quarter last year to Rs 535.5 crore, though it may decline 3.2% quarter-on-quarter.
Also Read: Yes Bank Share Price Target
I am a content writer and financial analyst with deep knowledge of mutual funds and the stock market. My focus is always on delivering authentic, reader-first content.