The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs. 5512 million for the quarter ended June 30, 2015.
Yes Bank Ltd has announced the following Unaudited Standalone results for the quarter ended June 30, 2016:
The bank has posted a net profit of Rs.7318 million for the quarter ended June 30, 2016 as compared to Rs. 5512 million for the quarter ended June 30, 2015. Total Income has increased from Rs. 37970.20 million for the quarter ended June 30, 2015 to Rs. 47628.30 million for the quarter ended June 30, 2016.
Commenting on the results and financial performance,
Mr. Rana Kapoor, Managing Director & CEO, YES BANK said, “YES BANK has delivered another highly satisfactory quarter of financial performance reflected in strong & quality growth, sustained profitability and continued resilience in asset quality.
The Bank continues to witness a robust CASA growth with the CASA ratio improving to a healthy 29.6% from 23.4% a year ago demonstrating significant momentum in the underlying Retail franchise platforms, as well as ongoing mandate in several corporate relationship groups. Further, YES BANK has received an in-principle approval from the Securities & Exchange Board of India (SEBI) to setup an Asset Management Company (AMC) which will further deepen our value proposition for our retail customers.
Given the improving macroeconomic environment along with stable Asset quality and accelerating Retail franchise, the Bank is well poised to capture Market share across Retail and Corporate segments at an enhanced pace.”
Profit & Loss Account
- Net Interest Income (NII): NII for Q1FY17 increased by 24.2% y-o-y to Rs.1,316.6 Crores on account of strong growth in advances and CASA deposits. Net interest Margin (NIM) at 3.4% for Q1FY17 up from 3.3% for Q1FY16.
- Non Interest Income: Non Interest Income increased by 65.2% y-o-y to Rs.900.5 Crores in Q1FY17.
- Total Net Income: Total Net Income increased by 38.1% y-o-y to Rs.2,217.1 Crores in Q1FY17.
- Operating and Net profit: Operating profit for Q1FY17 increased by 43.9% y-o-y to Rs.1,306.8 Crores. Net Profit in Q1FY17 was up 32.8% y-o-y to Rs.731.8 Crores.
- Shareholders’ Returns: The Bank delivered RoA of 1.7% and RoE of 20.7% for Q1FY17.
Balance Sheet
- Deposits: Total Deposits grew by 28.6% y-o-y to Rs.1,22,581.1 Crores as at June 30, 2016. The Bank’s Total Assets grew by 27.5% y-o-y to Rs.1,77,228.9 Crores as at June 30, 2016. The Bank’s CD ratio stood at 86.4% as at June 30, 2016.
- Current and Savings Account (CASA) deposits grew by 63.0% y-o-y to Rs.36,288.3 Crores increasing the CASA ratio to 29.6% as at June 30, 2016 up from 23.4% as at June 30, 2015. Further, SA deposits grew by 81.6% y-o-y to Rs.25,186.5 Crores from Rs.13,867.4 Crores as at June 30, 2015.
Advances: Total Advances grew by 33.0% y-o-y to Rs.105,942.0 Crores as at June 30, 2016.
Corporate Banking accounted for 67.5% of the Advances portfolio, while Retail & Business Banking (MSME) constituted 32.5%.
Asset Quality
- Bank continues to show resilience on all Asset Quality parameters:
- 1. NPA – Credit Costs at 15 bps for Q1FY17 Gross Non Performing Advances (GNPA) as a proportion of Gross Advances was at 0.79%
- (Rs.844.6 Crores) while Net Non Performing Advances (NNPA) as a proportion of Net advances was stable at 0.29% (Rs.302.4 Crores) as at June 30, 2016. Bank’s specific loan loss
- Provision Coverage was at 64.2% as at June 30, 2016.
Stock Price:
Yes Bank Ltd is currently trading at Rs. 1182, down by Rs. 18.25 or 1.52% from its previous closing of Rs. 1200.25 on the BSE.
The scrip opened at Rs. 1205 and has touched a high and low of Rs. 1214 and Rs. 1180.1 respectively. So far 2202579(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 50550.14 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1210.05 on 26-Jul-2016 and a 52 week low of Rs. 590 on 24-Aug-2015. Last one week high and low of the scrip stood at Rs. 1210.05 and Rs. 1147.75 respectively.
The promoters holding in the company stood at 21.88 % while Institutions and Non-Institutions held 66.13 % and 11.98 % respectively.
The stock is currently trading above its 50 DMA.
Bharti Infratel soared 3.8% to Rs.376.10. The company has posted a net profit after tax of Rs.7562 million for the quarter ended June 30, 2016 as compared to Rs.4424 million for the quarter ended June 30, 2015. Total Income has increased from Rs.14080 million for the quarter ended June 30, 2015 to Rs.14687 million for the quarter ended June 30, 2016.
