MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- YES BANK
- YES BANK Announces Quarterly Results (2QFY19); Net Profit Down 3.8%
YES BANK Announces Quarterly Results (2QFY19); Net Profit Down 3.8%
Fri, 9 Nov
YES BANK has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:
YES BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-17* | 3 Jun-18* | 3 Sep-18* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 48,003 | 65,780 | 72,312 | 9.9% | 50.6% |
| Other income | Rs m | 12,484 | 16,941 | 14,735 | -13.0% | 18.0% |
| Total revenues | Rs m | 60,488 | 82,722 | 87,047 | 5.2% | 43.9% |
| Interest | Rs m | 29,153 | 43,589 | 48,137 | 10.4% | 65.1% |
| Gross Profit | Rs m | 18,851 | 22,191 | 24,176 | 8.9% | 28.2% |
| Other expenses | Rs m | 12,269 | 14,586 | 15,246 | 4.5% | 24.3% |
| Profit before tax | Rs m | 14,596 | 18,291 | 14,265 | -22.0% | -2.3% |
| Tax | Rs m | 4,569 | 5,687 | 4,618 | -18.8% | 1.1% |
| Profit after tax | Rs m | 10,027 | 12,604 | 9,647 | -23.5% | -3.8% |
| Gross profit margin | % | 39.3 | 33.7 | 33.4 | ||
| Effective tax rate | % | 31.3 | 31.1 | 32.4 | ||
| Net profit margin | % | 20.9 | 19.2 | 13.3 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter grew 50.6% on a year-on-year (YoY) basis. The interest expended was up by 65.1% YoY during the same period.
- The bank's operating profit increased by 28.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.4% in 2QFY19 as against 39.3% in 2QFY18.
- Other income increased by 18.0% YoY during the quarter.
- Net profit for the quarter declined by 3.8% YoY. Net profit margins during the quarter declined from 20.9% in 2QFY18 to 13.3% in 2QFY19.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter grew 9.9% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 10.4% QoQ during the same period.
- The bank's operating profit declined by 8.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 33.4% in 2QFY19 as against 33.7% in 1QFY18.
- Net profit for the quarter declined by 23.5% QoQ, while net profit margins declined from 19.2% in 1QFY18 to 13.3% in 2QFY19.
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 304.7 to Rs 224.8, registering a Loss of Rs 80.0 or around 26.2%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 29,061.3 (up 0.1%). Over the last one year it has moved up from 28,634.8 to 29,061.3, a gain of 427 points (up 1.5%).
Overall, the S&P BSE SENSEX is up 5.3% over the year.
Current Valuations
At the current price of Rs 224.8, the price to earnings (P/E) ratio of YES BANK stands at 11.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.0 times.
|
| |
Related Views on News
YES BANK Announces Quarterly Results (2QFY20); Net Profit Down 162.2% (Quarterly Result Update)
Nov 4, 2019 | Updated on Nov 4, 2019For the quarter ended September 2019, YES BANK has posted a net profit of Rs 6 bn (down 162.2% YoY). Sales on the other hand came in at Rs 74 bn (up 2.1% YoY). Read on for a complete analysis of YES BANK's quarterly results.
YES BANK Announces Quarterly Results (1QFY20); Net Profit Down 91.0% (Quarterly Result Update)
Jul 19, 2019 | Updated on Jul 19, 2019For the quarter ended June 2019, YES BANK has posted a net profit of Rs 1 bn (down 91.0% YoY). Sales on the other hand came in at Rs 78 bn (up 18.8% YoY). Read on for a complete analysis of YES BANK's quarterly results.
Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)
Mar 12, 2018Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?
More Views on NewsMost Popular
My Latest Stock Recommendation(Fast Profits Daily)
Jan 10, 2020The story behind my latest stock recommendation and an important announcement.
Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)
Jan 14, 2020The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.
Your Safe Income Options for 2020(Fast Profits Daily)
Jan 9, 2020What are you safest investing options in 2020 when interest rates fall.
Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)
Jan 15, 2020These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.
What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)
Jan 15, 2020If you're interested in the next Infosys, I'll tell you where to look.
More|
| |
OUR TOP 5 IDEAS
- Free Guide on How to Profit from Sensex 100,000.
- A Simple Test to Find out If a Stock Has 100x Potential
- A Guide to some of the Most Lucrative Stocks in the Market. Download For Free!
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Revealed: Top 7 Stocks to Consider Buying Right Now...
YES BANK SHARE PRICE
Jan 22, 2020 (Close)
TRACK YES BANK
- Track your investment in YES BANK with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
- Add To MyStocks
MORE ON YES BANK
YES BANK 5-YR ANALYSIS
COMPARE YES BANK WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "YES BANK Announces Quarterly Results (2QFY19); Net Profit Down 3.8%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!