Yes Bank jumped 6.3% to Rs 1,715.90 at 15:27 IST on BSE after net profit rose 31.93% to Rs 965.52 crore on 21.48% growth in total income to Rs 5785.96 crore in Q1 June 2017 over Q1 June 2016.
The result was announced during market hours today, 26 July 2017.Meanwhile, the S&P BSE Sensex was up 157.57 points or 0.49% at 32,385.84
On the BSE, 7.96 lakh shares were traded on the counter so far as against the average daily volumes of 2.37 lakh shares in the past one quarter.
The stock hit a high of Rs 1,722.80 in intraday trade so far, which is 52-week high for the counter. The stock hit a low of Rs 1,606.30 so far during the day. The stock had hit a 52-week low of Rs 1,091.25 on 26 December 2016.
The large-cap bank has equity capital of Rs 457.64 crore. Face value per share is Rs 10.
Yes Bank bank's board at its meeting held today, 26 July 2017 approved a 5-for-1 stock split of equity shares.
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Yes Bank's gross non-performing assets (NPAs) stood at Rs 1364.38 crore as on 30 June 2017 as against Rs 2018.56 crore as on 31 March 2017 and Rs 844.56 crore as on 30 June 2016.
The ratio of gross NPAs to gross advances stood at 0.97% as on 30 June 2017 as against 1.52% as on 31 March 2017 and 0.79% as on 30 June 2016. The ratio of net NPAs to net advances stood at 0.39% as on 30 June 2017 as against 0.81% as on 31 March 2017 and 0.29% as on 30 June 2016.
The bank's Net Interest Income (NII) grew by 44% to Rs 1808.90 crore in Q1 June 2017 over Q1 June 2016. Net interest margin expanded to 3.7% in Q1 June 2017 from 3.6% in Q1 June 2016.
Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, Yes Bank said that the bank continues to garner market share in its various corporate and MSME businesses while maintaining superior asset quality parameters.
Yes Bank is one of the leading private sector banks in India. The bank's branch network stood at 1,020 branches and ATM network stood at 1,796 as on 30 June 2017.
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