Yes Bank Q4 2024 Results: Net profit jumps 123% to Rs 452 cr – Income and other earnings details
yes bank q4 2024 results: net profit jumps 123% to rs 452 cr – income and other earnings details
Yes Bank Q4 2024 Results: Yes Bank has announced the audited standalone and consolidate financial results for the quarter ended March 31, 2024 and the financial year 2023-24. The Company’s net profit witnessed a jump of 123.2% YoY to Rs 452 crore in Q4 FY24. Similarly, FY24 net profit remained at Rs 1,251 crore, up 74.4% YoY.
Yes Bank reported a 12.1% YoY increase in advances for FY24 to stand at 2.27 lakh crore in Q4 FY24, against 2.03 lakh crore in the fourth quarter of the last fiscal year. While the private bank also saw an uptick in deposits to Rs 2.66 lakh crore in Q4 FY24, up 22.5% YoY.
Commenting on the results and financial performance, “Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “This quarter demonstrates a significant step in the RoA expansion journey, with Q4FY24 RoA expanding to 0.5%. This is despite the one-off gains from tax refunds, SR recoveries and ARC Sale, being prudently utilized for strengthening the Asset Quality metrics- for instance, the NNPA + Net Carrying value of SRs have more than
halved over the course of the year to 1.1% from 2.4% in FY23.”
Yes Bank share price
Yes Bank stock settled at Rs 26.15 apiece with a gain of 0.73 per cent on BSE, April 26, against the previous day close at Rs 25.96 apiece. Yes Bank boasts a market cap of Rs 75,228 crore. The stock’s 52-week movement indicates a high of Rs 32.81 apiece and a low of Rs 14.10 apiece. The stock has a face value of Rs 2 each.
The PE ratio of the stock is 74.71.
About Yes Bank
YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank. The Bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a Representative Office in Abu Dhabi.
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