Yes Bank share price surged over 3% following the release of its Q3 results
Yes Bank : The share price of the Bank surged by over 3% on Monday following the release of its Q3 results. Yes Bank shares saw an increase of 3.39% to ₹18.87 each on the BSE.
The private sector lender, the Bank, reported a net profit of ₹612.27 crore in the third quarter of FY25, marking an impressive 164.5% year-on-year (YoY) increase. Additionally, its net interest income (NII) rose by 10.2% YoY to ₹2,224 crore. The bank’s net interest margins (NIMs) remained stable at 2.4%.
The Bank’s asset quality remained steady as gross non-performing assets (GNPA) decreased to 1.6% in Q3FY25 from 2.02% in the previous quarter, while net non-performing assets (NNPA) stood at 0.5% in the December 2024 quarter compared to 0.5% in the September quarter.
The bank’s current and savings account (CASA) ratio increased to 33.1% in the October to December quarter of the current fiscal year from 29.7% in the same quarter of the previous fiscal year. The Provision Coverage Ratio (PCR) was at 71.2% in Q3FY25, up from 56.6% in the previous year, and 70.0% in the previous quarter. Gross Slippages for Q3FY25 were reported at ₹1,348 crore, compared to ₹1,233 crore in Q3FY24 and ₹1,314 crore in Q2FY25, as stated by Yes Bank.
In terms of stock price trends, Yes Bank shares have declined by over 5% in the past month and more than 25% in the last six months. While over the past year, Yes Bank shares have dropped by 25%, the stock has seen a
“As Yes Bank shares appear to be oversold, there is a possibility of a pullback or consolidation in the stock. Despite this, the overall trend remains negative, and we recommend refraining from purchasing or attempting to catch the bottom in Yes Bank shares,” stated Jain.
As of 09:50 AM, Yes Bank shares were trading 2.47% higher at ₹18.70 each on the BSE, with a market capitalization exceeding ₹58,786 crore.”
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