Yes Bank announced Q4 results during market hours today, 17 April 2013.
Meanwhile, the BSE Sensex was up 63.41 points or 0.34% at 18,808.34.
On BSE, 8.09 lakh shares were traded in the counter as against average daily volume of 2.54 lakh shares in the past one quarter.
The stock hit a high of Rs 488.35 and a low of Rs 467.55 so far during the day. The stock had hit a record high of Rs 539 on 4 February 2013. The stock had hit a 52-week low of Rs 294.25 on 18 May 2012.
The stock had outperformed the market over the past one month till 16 April 2013, sliding 1.1% compared with the Sensex's 3.51% fall. The scrip, however, underperformed the market in past one quarter, declining 9.45% as against Sensex's 5.41% slide.
The large-cap private sector bank has equity capital of Rs 358.62 crore. Face value per share is Rs 10.
More From This Section
Yes Bank said growth in Q4 March 2013 net profit was due to expansion in Net interest margin (NIMs), healthy growth in net interest income (NII) & non-interest income along with improved cost-to-income ratio for the quarter.
Yes Bank added 18 branches during Q4 March 2013, taking the total branch count to 430 as on 31 March 2013. The bank added 228 ATMs to its network during Q4 March 2013, taking the total count to 951 ATMs as on 31 March 2013. This ATM count is an increase of 56% over 31 March 2012.
Yes Bank's net profit surged 33.1% to Rs 1300.70 crore on 33.32% growth in total income to Rs 9551.43 crore in the year ended 31 March 2013 over the year ended 31 March 2012.
Yes Bank's capital adequacy ratio (CAR) stood at 18.3% as on 31 March 2013 from 17.9% as on 31 March 2012 and 18% as on 31 December 2012. Net non-performing assets (NPAs) ratio improved to 0.01% as on 31 March 2013 from 0.05% as on 31 March 2012 and 0.04% as on 31 December 2012.
Yes Bank's board of directors at its meeting held on today, 17 April 2013, has empowered the capital raising committee, a sub committee of the board, to raise funds by way of issuance of equity capital up to $500 million in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of qualified institutions placement (QIP) or any other international offering like global depository receipts (GDRs)/American depository receipts (ADRs), ordinary shares through (depository receipt mechanism) scheme 1993, follow on public issue (FPO) or by any other appropriate mode as decided by the capital raising committee.
Commenting on the results and financial performance, Mr. Rana Kapoor, Managing Director & CEO, Yes Bank said: "Yes Bank has delivered another steady quarter with impressive financial performance driven by sustained execution across all parameters. The bank has achieved robust growth in profits with healthy NII and non-interest income growth while maintaining asset qualify despite a challenging economic environment. With another satisfactory year behind us, the bank is on track to achieve Version 2.0 objectives. We are well positioned for FY 2014 as we continue our balanced growth trajectory, supported by our differentiated product and services proposition, and expanding retail footprint. The bank has incorporated a retail broking subsidiary and has hired key top management to roll out a retail broking platform. The retail brokerage will complement our current retail offerings and enable cross-selling of 3 in 1 accounts to our expanding base of retail customers."
Yes Bank's board of directors recommended final dividend of Rs 6 per share for the year ended 31 March 2013.
Powered by Capital Market - Live News