Yes Bank Q2FY25 Results: Net Profit Jumps 10% QoQ, Total Income Rises 2.45%
Yes Bank Q2 results 2024: Net profit of the private lender surged from ₹502.43 crore to ₹553.04 crore during Q2FY25
Yes Bank has released its unaudited standalone results for Q2FY25, showing impressive growth in net profit and total income both on a quarterly and yearly basis. Here are the key highlights of Yes Bank's performance during the July-September 2024 quarter:
Key Financial Highlights (Q2FY25 vs Q1FY25)
- Net Profit: ₹553.04 crore (up from ₹502.43 crore in Q1FY25, a 10% QoQ increase).
- Total Income: ₹9,137.09 crore (compared to ₹8,918.14 crore in Q1FY25, up 2.45% QoQ).
- Provisions: ₹297.10 crore (up from ₹211.77 crore in Q1FY25).
Year-on-Year Comparison (Q2FY25 vs Q2FY24)
- Net Profit: ₹553.04 crore (massive jump from ₹225.21 crore in Q2FY24).
- Total Income: ₹9,137.09 crore (up from ₹7,920.68 crore in Q2FY24).
- Provisions: ₹297.10 crore (down from ₹500.38 crore in Q2FY24).
Non-Performing Assets (NPAs)
- Gross NPA: ₹3,889.43 crore (slightly up from ₹3,844.90 crore in Q1FY25, but down from ₹4,319.03 crore in Q2FY24).
- Net NPA: ₹1,168.02 crore (down from ₹1,246.03 crore in Q1FY25 and significantly lower than ₹1,885.19 crore in Q2FY24).
Overall Performance
Despite an increase in provisions, Yes Bank has managed to achieve solid growth in both net profit and total income. The bank's focus on improving asset quality is evident from the reduction in net NPAs, both sequentially and on a YoY basis.
Conclusion: Yes Bank’s Q2FY25 results reflect a strong recovery with improved profitability and a healthier balance sheet. The lender has successfully navigated challenges, maintaining robust growth while controlling non-performing assets.
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