YES Bank shares climb 5% after Q1 profit grows 47% YoY to Rs 502 crore
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Meanwhile, the interest earned in the reported quarter stood at Rs 7,719.15 crore, higher by 19.8% from Rs 6,443.22 crore reported in the corresponding quarter of the previous financial year. Interests expended during the reported quarter stood at Rs 5,475.11 crore, up from Rs 4,443.6 crore reported by the lender in the year-ago period. This was a 23% YoY growth.The net profit for Q1FY25 was up by 11.2% on a quarter-on-quarter basis versus Rs 452 crore in Q4FY24. The net interest margins (NIMs) for the reported quarter for Q1FY25 were steady on the QoQ basis at 2.4%, a company filing to the stock exchanges said. Net provision costs were lower by 41.2% YoY and 55% on the QoQ basis. The returns on assets (RoA) for Q1FY25 stood at 0.5% versus 0.4% in Q1FY24 and 0.5% in Q4FY24. The deposit accretion remained robust gaining 20.8% YoY. CASA ratio was flat on the QoQ basis at 30.8% despite Q1 seasonality. Net Advances grew at 14.7% YoY aided by ...
