Bank’s net profit at ₹452 crore vs ₹202.4 crore (YoY): Yes Bank Q4 Results Updates

Live updates on Yes Bank’s fourth quarter results show a significant increase in net profit, which rose to ₹452 crore as against ₹202.4 crore reported in the previous year.

On April 26, the share values of Yes Bank Limited showed an optimistic rise in the trading market due to the likely release of its financial results. The private sector bank is set to announce its results for the quarter and the financial year that concluded on March 31, 2024, on Saturday, April 27.

According to Aditya Aggarwala, Co-Founder and Head of Investments and Research, Invest4Edu, YES Bank may show depression in terms of both Net Interest Income (NII) and Net Interest Margins (NIMs) on a quarter-to-quarter and year-to-year basis. On a per year basis.

Bank’s Net Profit at ₹454 cr vs ₹202.4 cr (YoY):Yes Bank Q4 Results Updates

Yes Bank’s net profit rose to ₹454 crore from ₹202.4 crore year-on-year.

YES Bank may Report a Muted Performance in Terms of Net Interest Income, Says Analyst

According to an analyst, Yes Bank’s performance in terms of net interest income may be disappointing.

It is possible that YES Bank may share news of minimal improvement in their Net Interest Income (NII) and Net Interest Margins (NIMs) when analyzing both quarter-to-quarter (QoQ) and year-to-year (YoY) comparisons.

The lender’s asset quality also may remain under pressure, while pre-provisioning operating profit (PPOP) may also fall on rising cost of funds. NIM’s and NII will be lower as well due to higher cost of funding.

Aditya Aggarwala, co-founder and head of investment and research, Invest4Edu, said the Q4 numbers will primarily provide insights into guidance, asset quality prospects, cost of funds and asset rates of return.

What Analysts Expect from Markets on Monday?

The Nifty Bank index may see a cautious opening on Monday, as investors await Yes Bank’s Q4 results and assess the broader sector’s performance. Positive surprises in earnings or asset quality could lend support, while disappointing numbers may lead to a subdued opening. Yes Bank’s stock may also see some volatility, with the Q4 results and management commentary setting the tone for near-term price action, as per Eshan Kaul is Senior Vice President at JP Morgan.

Yes Bank Q4 Results 2024 Preview

According to Avinash Gorakshakkar, head of research at Profitmart Securities, Yes Bank’s Q4 earnings estimates are expected to improve compared to the same period last year. However, his performance on the linear timeline cannot surpass his previous output. The major reason for this is the falling net interest margins of all Indian banks including Yes Bank.

Yes Bank Results live: Bank’s founder Rana Kapoor out on Bail

A special CBI court in Mumbai, which granted bail to Yes Bank founder Rana Kapoor in a fraud case, observed that further imprisonment without a trial would render the banker “pre-trial guilty” on April 20.

After getting bail in his final case related to the Avantha group, Kapoor was released from jail on Friday evening. Special CBI judge M G Deshpande approved it.

In March 2020, Kapoor was arrested by the Enforcement Directorate (ED) in connection with money laundering charges. There is an allegation of wrongdoing related to financial fraud committed in Yes Bank. ED and Central Investigation Department have jointly filed eight cases in this case.

Yes Bank’s Shares Closing Price

Today, Yes Bank will release its quarterly earnings report. On Friday, Yes Bank saw a modest gain of 0.73% in the stock market, with shares closing at ₹26.15 on the BSE.

Bank to Post Earnings Report on April 27

Financial institution Yes Bank is scheduled to report its earnings for the final quarter ending March 31, 2024, on April 27 of the same year.

YES Bank’s NII at ₹2,105.3 crore9

As reported by Business Times, Yes Bank expects its net interest income to be ₹2,105.3 crore, up 3.8 percent QoQ but down 0.6 percent QoQ. Estimates also point to a growth of ₹888.9 crore in PPOP, which could grow by 11.8 percent QoQ and 8.7 percent YoY.

While these estimates look promising, the bank’s impending net profit is expected to rise to ₹202.4 crore – representing 30.4 percent YoY growth and 14 percent growth QoQ. Kotak Institutional Equities lends credence to Yes Bank.