Showing posts with label Yes Bank. Show all posts
Showing posts with label Yes Bank. Show all posts

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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July 31, 2013

Market Pulse - 31 Jul, 2013

Market Pulse 31 Jul 2013Markets wiping out its initial losses and closed on a flat note after a volatile trading session as investors braced for the US Federal Reserve policy meeting with caution. S&P BSE Sensex closed lower by 2.60 points or 0.01% at 19,345.70 after falling to 19,126.82 intra-day low. The index has lost over 955 points in the last six sessions. Similarly CNX Nifty fell by 13.05 points or 0.23% to 5,742 led by banking and interest-related stocks.

Among the key sectoral indices, Realty sector index suffered the most by losing 2.30%, followed by FMCG index by 2.26%. Banking index dropped by 1.84% and Power index fell by 1.67% while IT, Metal and Consumer Durable sectors gained. The broader markets ended lower with mid-caps and small-caps falling nearly 1 per cent on the BSE.

The gainers included counters such as Wipro rising 4%, Bharti Airtel gained 7%, Dr Reddy’s rose 4.7%, BHEL was up 3.6% respectively on the BSE.

The laggards were NTPC declining 5%, HDFC Bank shed 2.5%, ITC dropped 2.5% while Cipla was down 2% on the BSE.

Rupee fell to as low as 61.17 to the dollar in today’s trade on month-end dollar demand from importers. At closing, the partially convertible currency traded at Rs 60.86 compared with previous close of Rs 60.49 against the dollar.

NTPC dropped by 5%, extending its previous day’s fall of 3%, after reporting net profit at Rs 2,527 crore, as compared to Rs 2,499 crore a year ago, a marginal 1% year-on-year (yoy) growth for the quarter ended June 2013 (Q1), amid low demand for electricity.

YES Bank crashed over by 7%, after reports of, that the RBI (Reserve Bank of India) stated that it is seized of the ongoing boardroom battle at private lender and may make necessary changes in the required norms on appointment of directors on bank boards, if needed.

The overall market breadth was firm negative. Out of 2,370 stocks traded, 1,392 stocks declined while 837 stocks advanced on the BSE.

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