YES Bank Q1 Results Live: YES Bank Reports 46% YoY Profit Surge to ₹502.43 Crore in Q1 Results

YES Bank Q1 Results Live: YES Bank Reports 46% YoY Profit Surge to ₹502.43 Crore in Q1 Results

YES Bank Q1 Results Live: Today, Yes Bank announced its Q1FY25 results, revealing a standalone net profit of ₹502.43 crore for the quarter ending June 30. This represents a 47% increase from the ₹342.52 crore profit after tax (PAT) reported in Q1FY24.

YES Bank Q1 Results Live: YES Bank Reports 46% YoY Profit Surge to ₹502.43 Crore in Q1 Results

Private lender Yes Bank released its Q1FY25 earnings report today, July 20, 2024. The bank reported a standalone net profit of ₹502.43 crore for the quarter ending June 30, marking a 46.4% increase from the ₹342.52 crore profit after tax (PAT) reported in Q1FY24.

Additionally, interest income for Q1FY25 was ₹7,719.15 crore, up 19% from ₹6,443.22 crore in Q1FY24.

Today, at least nine companies, including Kotak Mahindra Bank, JK Cement, Poonawala Fincorp, RBL Bank, Newton Technologies, Can Fin Homes, ICRA, and Rossari Biotech, are set to announce their Q1FY25 financial results.

The Q1FY25 earnings season began on July 8, with many prominent companies expected to release their results in the coming weeks. These reports, spanning various sectors, are anticipated to influence stock movements on the BSE and NSE and provide valuable insights into the broader economic landscape.

Yes Bank Q1 Results Live: Net Profit Rises 46%, Interest Income Up 12%

Yes Bank has announced its Q1FY25 earnings today, July 20. The bank’s net profit surged by 46.4% year-on-year to ₹502.43 crore for the quarter, up from ₹343.52 crore in Q1FY24.

The lender’s standalone net interest income (NII) increased by 12.2% year-on-year to ₹2,243.9 crore, compared to ₹2,000 crore in the same period last year.

Yes Bank’s gross NPA remained stable at 1.7% in Q1FY25, the same as in Q4FY24, while net NPA improved to 0.5%, down from 0.6%.

YES Bank Q1 Results Live: Net Profit Soars to ₹502.43 Crore, Up 47% YoY

YES Bank has announced its Q1FY25 results today, reporting a standalone net profit of ₹502.43 crore for the quarter ending June 30. This marks a 46.4% increase from the ₹342.52 crore profit after tax (PAT) reported in Q1FY24.

Additionally, interest income for Q1FY25 was ₹7,719.15 crore, reflecting a 19% rise from ₹6,443.22 crore in Q1FY24.

YES Bank Q1 Results Live: Share Price Falls Despite Positive Q1 Outlook

Yes Bank is scheduled to release its Q1FY25 earnings report today, with experts anticipating strong results due to improved asset quality in the first quarter. Despite this positive outlook, the bank’s shares declined at market close on July 19, a day before the announcement.

Stock market experts suggest that the drop in Yes Bank’s share price may be linked to lower provisions and reduced operating expenses, which are expected to boost the bank’s bottom line.

YES Bank Q1 Results Live: Kotak Mahindra Bank, JK Cement, ICRA, and More to Report Q1 Earnings Today

Today, Q1FY25 earnings reports will be released by at least nine companies, including Kotak Mahindra Bank, YES Bank, JK Cement, Poonawala Fincorp, RBL Bank, Newton Technologies, Can Fin Homes, ICRA, and Rossari Biotech. Stay tuned for the latest updates and details.

YES Bank Q1 Results Live: Market Close Update

Profit-booking before key earnings reports and the upcoming Union Budget 2024 announcement on July 23 led to a significant decline in benchmark indices at market close on Friday, July 19, marking the largest drop in over a month and a half.

The fear gauge, India VIX, spiked to its highest level in over a month. The Nifty fell by 1.09% to 24,530.9, while the Sensex retreated by 0.9% to 80,604.65, moving away from the 81,000 mark. Both indices had earlier reached new record highs—24,854.8 and 81,587.76—before ending the day slightly off their lows.

Broader markets experienced declines twice as steep.

YES Bank Q1 Results Live: Nine Companies to Announce Q1FY25 Earnings Today

On Saturday, July 20, at least nine companies are set to release their Q1FY25 earnings reports. This includes Kotak Mahindra Bank, YES Bank, JK Cement, Poonawala Fincorp, RBL Bank, Newton Technologies, Can Fin Homes, ICRA, and Rossari Biotech.

These reports, spanning various sectors, are anticipated to significantly influence stock movements on the BSE and NSE and provide valuable insights into the broader economic landscape.