April 19, 2017

Yes Bank beats estimates, reports Rs 914 crore Q4 net profit


Yes Bank beats estimates, reports Rs 914 crore Q4 net profitYes Bank reported a net profit of Rs 914.10 crore for the quarter ended on March 2017. A rise of 3.5 percent Q-o-Q, compared to 822.60 crore of previous quarter Q3FY17. Annual Net Profit jumped by 30.20 percent as compared to FY16.

It reported Total Net Income of Rs 2,897.10 crore for Q4FY17 a rise of 41.70 percent Y-o-Y basis. While, the Total Income for FY17 stood at Rs 9,954.10 crore rising by 36.80 percent.

A growth of 32.10 percent was seen in Net Interest Income on Y-o-Y basis at Rs 1,639.70 crore for the quarter ended on March 2017. For FY17, Net Interest Income stood at Rs 5,797.30 crore an increase by 26.90 percent. Net Interest margin was tad up at 3.60 percent for Q4FY17 from 3.50 percent as compared with previous quarter.

Nonetheless, the Gross Non Performing Advances rose to Rs 2,018.60 crore a rise by 1.52 percent against Rs 1,005.85 crore in previous quarter. While Net Non Performing Assets grew by 0.81 percent at Rs 1,072.30 crore as compared to Rs 342.50 crore in Q3FY17.

Key Highlights:
  • Profit of Rs 914.1 Crores in Q4FY17 and 30.20 percent growth Y-o-Y.
  • For FY17, Net profit grew by 31.1% to Rs 3,330.1 Crores.
  • Total Net Income of Rs 2,897.1 Crores in Q4FY17 y-o-y growth of 41.7%.
  • Total Net Income grew by 36.8% in FY17 to Rs 9,954.1 Crores.
  • Net Interest Income of Rs 1,639.7 Crores for Q4FY17; y-o-y growth of 32.1%. For FY17, NII increased by 26.9% to Rs 5,797.3 Crores on back of growth in Advances & CASA and expansion in NIM
  • NIM expanded to 3.6% for Q4FY17 from 3.5% in Q3FY17. NIM stands at 3.4% for FY17
  • Healthy return ratios with RoA at 1.8% and RoE at 21.8% in Q4FY17. For FY17, RoA expanded to 1.8% from 1.7% for FY16 and RoE increased to 21.5% from 19.9% for FY16.
The company has recommended a dividend of Rs 12 per Equity Share on face value of Rs 10.

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