Yes Bank sees positive Q4 numbers; Asset Quality dips
Bhagyashree Vivarekar / 27 Apr 2016
Yes Bank, one of the recently established, yet a fifth largest private sector bank, has announced its Q4FY16 results. Bank outperformed street estimates and gave positive Revenues and Net Profit but saw a rise in its Non Performing Assets (NPAs).
Yes Bank, one of the recently established, yet a fifth largest private sector bank, has announced its Q4FY16 results. Bank outperformed street estimates and gave positive Revenues and Net Profit but saw a rise in its Non Performing Assets (NPAs).
Bank’s financials show that the Total Income for Q4FY16 has reported a rise of 5.1 per cent at Rs 4331.11 crore as against Rs 4122.12 crore in the last quarter. Bank’s standalone Interest earned came in at Rs 3528.3 crore this quarter as against Rs 3376.05 crore in Q3FY16, an increase of 4.5 per cent Q-O-Q (Quarter on Quarter). The Interest expended stands at Rs 2286.86 crore as compared to Rs 2219.05 crore for Q3FY16, an increase of 3.1 per cent. The Net Interest Income (NII) i.e. the difference between Interest Earned and Interest Expended stands at Rs 1241.44 crores this quarter compared to Rs 1157 crores in Q3FY16, an increase of 7.3 per cent QoQ.
Net profit (PAT) too has risen from Rs 675.74 crore in Q3FY16 to Rs 702.11 crore in this quarter, an increase of 3.9 per cent.
There was an increase in the bank’s NPAs in Q4FY16. Gross NPA stands at Rs 748.98 crore as compared to Rs 558.57 crore, an increase of 34.1 per cent. Net NPA came in at Rs 284.47 crore as against 187.16 crore, an increase of 52 per cent.
Company posted 14.2 per cent rise in Interest Earned and 8.3 per cent rise in Interest Expended from the same quarter last year. Gross NPA and Net NPA show a substantial rise of 139 per cent and 224.3 per cent YoY, respectively.
On yearly basis the Bank’s standalone Interest Earned stands at Rs 13533.44 crore for the year ended March 2016 compared to Rs 11572 crore in March 2015, an increase of 16.95 per cent. Net profit too has grown from Rs 2005.36 crore in FY15 to Rs 2539.45 crore in FY16, an increase of 26.6 per cent.
The stock has hit its 52wk high price at 923 levels and is trading at Rs 913.25, an increase of 0.28 per cent.
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