Mumbai41 minutes ago
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Yes Bank’s standalone net profit in the October-December quarter increased to ₹ 612 crore on a annual basis. It was ₹ 231 crore in the same quarter of last year.
However, the bank’s net profit has increased by 10.7% on a quarterly basis. The bank’s profit was Rs 553 crore in the previous quarter (Q2FY25). Yes Bank has released the results of the third quarter of Q3Fy25 ie Financial Year 2024-25 on Saturday (25 January).
Bank’s total income increased by 16.3%
In the October-December quarter, the bank’s total income increased by 16.3% to Rs 3,736 crore on an annual basis, which was Rs 3,211 crore in the same quarter of the previous year. At the same time, the bank’s income has increased by 3.6% on a quarterly basis. It was Rs 3,607 crore in the second quarter.
Bank’s net interest income increased by 10.2%
Yes Bank’s Net Interest Income (NII) i.e. net interest income increased by 10.2% to Rs 2,224 crore in October-December. At the same time, the bank’s net interest income has increased by 1.0% on a quarterly basis. It was Rs 2,200 crore in the second quarter.
Share gave a return of 20.17% in a year
Yes Bank’s stock fell 1.19% to close at Rs 18.25 on Friday. With this, the market cap of the company has increased to 57.19 thousand crores. In the last six months, the bank’s stock has fallen 25.87% and 27% in a year.
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