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YES BANK Announces Quarterly Results (1QFY19); Net Profit Up 30.5%

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YES BANK Announces Quarterly Results (1QFY19); Net Profit Up 30.5%
Fri, 27 Jul

YES BANK has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

YES BANK Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Operating incomeRs m46,53857,43065,78014.5%41.3%
Other incomeRs m11,32214,21016,94119.2%49.6%
Total revenuesRs m57,86071,64082,72215.5%43.0%
InterestRs m28,44935,88743,58921.5%53.2%
Gross Profit Rs m18,08921,54222,1913.0%22.7%
Other expensesRs m12,36914,39814,5861.3%17.9%
Profit before taxRs m14,18417,35818,2915.4%29.0%
TaxRs m4,5295,5645,6872.2%25.6%
Profit after taxRs m9,65511,79412,6046.9%30.5%
Gross profit margin %38.937.533.7
Effective tax rate%31.932.131.1
Net profit margin%20.720.519.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 41.3% on a year-on-year (YoY) basis. The interest expended was up by 53.2% YoY during the same period.
  • The bank's operating profit increased by 22.7% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.7% in 1QFY19 as against 38.9% in 1QFY18.
  • Other income increased by 49.6% YoY during the quarter.
  • Net profit for the quarter increased by 30.5% YoY. Net profit margins during the quarter declined from 20.7% in 1QFY18 to 19.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter grew 14.5% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 21.5% QoQ during the same period.
  • The bank's operating profit declined by 3.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.7% in 1QFY19 as against 37.5% in 4QFY18.
  • Net profit for the quarter increased by 6.9% QoQ, while net profit margins declined from 20.5% in 4QFY18 to 19.2% in 1QFY19.

To see how YES BANK has performed over the last eight quarters, please visit here.

YES BANK Share Price Performance

Over the last one year, YES BANK share price has moved up from Rs 357.4 to Rs 367.6, registering a Gain of Rs 10.2 or around 2.9%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 30,691.2 (up 0.9%). Over the last one year it has moved up from 28,183.5 to 30,691.2, a gain of 2,508 points (up 8.9%).

Overall, the S&P BSE SENSEX is up 0.9% over the year.

Current Valuations

At the current price of Rs 367.6, the price to earnings (P/E) ratio of YES BANK stands at 18.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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