Yes Bank rose 0.06% to Rs 1,347.15 after net profit rose 30.62% to Rs 882.63 crore on 26.88% rise in total income to Rs 5229.96 crore in Q3 December 2016 over Q3 December 2015.
The result was announced during market hours today, 19 January 2017.Meanwhile, the S&P BSE Sensex was up 48.34 points or 0.18% at 27,305.98
On the BSE, 3.91 lakh shares were traded on the counter so far as against the average daily volumes of 2.26 lakh shares in the past one quarter. The stock turned volatile after declaring results. The stock had hit a high of Rs 1,356.45 and a low of Rs 1,332.10 so far during the day.
The stock had hit a record high of Rs 1,450 on 7 September 2016 and a 52-week low of Rs 632.25 on 20 January 2016. The stock had outperformed the market over the past 30 days till 18 January 2017, rising 17.28% compared with the 3.61% rise in the Sensex. The scrip also outperformed the market in past one quarter, gaining 2.87% as against Sensex's 3.10% decline.
The large-cap private sector bank has equity capital of Rs 423.16 crore. Face value per share is Rs 10.
The bank's gross non-performing assets (NPA) edged higher to Rs 1005.85 crore as on 31 December 2016 from Rs 916.68 crore as on 30 September 2016 and Rs 558.57 crore as on 31 December 2015.
The bank's ratio of gross NPAs to gross advances rose to 0.85% as on 31 December 2016, from 0.83% as on 30 September 2016 and 0.66% as on 31 December 2015.
The bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.29% as on 31 December 2016, compared with 0.29% as on 30 September 2016 and 0.22% as on 31 December 2015.
Provisions and contingencies dropped 22.01% to Rs 115.38 crore in Q3 December 2016 over Q3 December 2015. The provisioning coverage ratio as on 31 December 2016 stood at 66%.
Current and Savings Account (CASA) ratio improved to 33.3% as at 31 December 2016 from 26.6% as at 31 December 2015.
Net Interest Income (NII) increased by 30.3% to Rs 1507.50 crore in Q3 December 2016 over Q3 December 2015, on account of growth in advances & CASA and expansion in net interest margin (NIM). NIM expanded to 3.5% in Q3 December 2016 from 3.4% in Q3 December 2015.
Non Interest Income increased by 33.8% to Rs 998.30 crore in Q3 December 2016 over Q3 December 2015.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 15.6% as on 31 December 2016, compared with 14.1% as on 30 September 2016 and 14.9% as on 31 December 2015.
Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, Yes Bank said that the bank has delivered another quarter of satisfactory performance across key financial parameters of growth and profitability, while maintaining healthy asset quality.
Yes Bank is India's fifth largest private sector bank. The bank's branch network stands at 964 branches as on 31 December 2016. Total ATM network stood at 1,757 as on 31 December 2016.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
