Yes Bank Q3 Results: Net profit up 165% to ₹612 crore, NII increases 10% to ₹2,223.5 crore

Yes Bank on Saturday, January 25 announced its quarterly earnings for the October-December period of the current fiscal (Q3 FY25), reporting a robust 165% year-on-year (YoY) jump in its net profit to ₹612.3 crore as against ₹231.5 crore posted in the year-ago period. Its net interest income (NII) increased to ₹2,223.5 crore, up 10.2% as compared to ₹2,016.9 crore in Q3 FY24.

The NII margin remained unchanged at 2.4%, while the gross NPA and net NPA stood at 1.6% and 0.5%, respectively.

“Q3FY25 is the fifth quarter in a row where the Bank has demonstrated a sustained sequential expansion in profitability. The RoA of the Bank has also expanded to 0.6% from 0.5%, reported over the last 3 quarters. It is quite encouraging that we have also started seeing expansion in our Operating Profitability," Prashant Kumar, Managing Director and CEO of Yes Bank, said.

Yes Bank’s interest income for the reporting quarter was at ₹7,829.13 crore, marking a 12% YoY jump, and its interest expenses increased to ₹5,605.62 crore, up 12.8% from ₹4,967.96 reported in Q3 FY24.

Operating profit increased 24.9% YoY and 10.6% quarter-on-quarter (QoQ) to ₹1,079 crore. Cost-to-income ratio was at 71.1%, down as compared to 73.1% in Q3 FY24 and 73% in Q2 FY25.

Yes Bank's stock closed 1.19% down on Friday at ₹18.25 apiece on the NSE. Market capitalisation of the company stood at ₹57,215.32 crore.