Yes Bank rose 2.18% to Rs 443.75 at 14:14 IST on BSE after net profit rose 18.79% to Rs 430.21 crore on 13% growth in total income to Rs 3013.57 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced during trading hours today, 23 April 2014.
Meanwhile, the S&P BSE Sensex was up 109.32 points or 0.48% at 22,867.69.
On BSE, so far 8.07 lakh shares were traded in the counter as against average daily volume of 6.57 lakh shares in the past two weeks.
The stock hit a high of Rs 445.70 and a low of Rs 435.60 so far during the day.
Yes Bank's net interest income (NII) rose 12.8% to Rs 719.60 crore in Q4 March 2014 over Q4 March 2012. Net interest margin (NIM) expanded to 3% in Q4 March 2014, from 2.9% in Q3 December 2013. NIM in Q4 March 2013 was at 3%.
Non interest income rose 17.4% to Rs 445.50 crore in Q4 March 2014 over Q4 March 2013.
Current and savings account (CASA) deposits rose 28.8% year on year (YoY) to Rs 16344.70 crore taking the CASA ratio to 22% as on 31 March 2014, up from 18.9% as on 31 March 2013. The bank continues to demonstrate strong traction in CASA on the back of an increase in branch network, enhanced savings product offerings and steady improvements in productivity, Yes Bank said in a statement.
Gross non-performing assets (NPAs) as a proportion of gross advances was at 0.31% while net NPAs as a proportion of net advances was at 0.05% as on 31 March 2014. Bank's specific loan loss provision coverage was at 85.1% as on 31 March 2014.
Total restructured advances stand at Rs 100.90 crore as on 31 March 2014. This represents 0.18% of the gross advances down from 0.31% (Rs 144.20 crore) as on 31 March 2013. There were no fresh restructurings during the quarter, Yes Bank said in a statement.
As per Basel III, Tier I capital stood at 9.8% and total CRAR stood at 14.4% with CET I ratio at 9.1% as on 31 March 2014. Total capital funds stood at Rs 10993.10 crore as on 31 March 2014.
Commenting on the results, Mr. Rana Kapoor, MD & CEO, Yes Bank said, "Yes Bank has continued to deliver steady performance in FY 2014 maintaining asset quality in a difficult economic environment with expansion in NIMs in Q4 March 2014. Balance sheet consolidation has been substantially achieved over the last 2 years with progressive derisking. During this year, Yes Bank continued to focus on diversity and granularity with continued investment in branches and employees reflected in CASA ratio improvement to 22% as on 31 March 2014, from 18.9% in a year. Yes Bank has also established a robust SME & Retail Assets Banking platform which are becoming important growth drivers, even more so over the next 3 years. In FY 2014, Yes Bank became the first bank in India to be awarded the prestigious IMC Ramkrishna Bajaj Quality Award for Business Excellence. This significant recognition is a strong reinforcement of our commitment to Business Excellence towards "Building the Best Quality Bank of the World in India" by 2020".
Yes Bank's net profit rose 24.37% to Rs 1617.78 crore on 22.52% growth in total income to Rs 11702.93 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
On consolidated basis, Yes Bank's net profit rose 23.87% to Rs 1611.23 crore on 22.52% growth in total income to Rs 11702.93 crore in FY 2014 over FY 2013.
Yes Bank's board of directors at its meeting held today, 23 April 2014, recommended final dividend of Rs 8 per share for FY 2014.
Yes Bank is one of the leading private sector banks in India.
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