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- YES BANK Announces Quarterly Results (2QFY21); Net Profit Up 121.6%
YES BANK Announces Quarterly Results (2QFY21); Net Profit Up 121.6%
Wed, 4 Nov
YES BANK has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:
YES BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-19* | 3 Jun-20* | 3 Sep-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 73,863 | 54,861 | 52,454 | -4.4% | -29.0% |
| Other income | Rs m | 9,459 | 6,207 | 7,068 | 13.9% | -25.3% |
| Total revenues | Rs m | 83,322 | 61,067 | 59,521 | -2.5% | -28.6% |
| Interest | Rs m | 52,004 | 35,779 | 32,720 | -8.6% | -37.1% |
| Gross Profit | Rs m | 21,859 | 19,081 | 19,734 | 3.4% | -9.7% |
| Other expenses | Rs m | 16,734 | 13,820 | 13,201 | -4.5% | -21.1% |
| Profit before tax | Rs m | 1,222 | 602 | 1,727 | 186.7% | 41.3% |
| Tax | Rs m | 7,223 | 148 | 433 | 192.7% | -94.0% |
| Profit after tax | Rs m | -6,001 | 454 | 1,294 | 184.7% | |
| Gross profit margin | % | 29.6 | 34.8 | 37.6 | ||
| Effective tax rate | % | 591.1 | 24.6 | 25.1 | ||
| Net profit margin | % | -8.1 | 0.8 | 2.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter fell 29.0% on a year-on-year (YoY) basis. The interest expended was down by 37.1% YoY during the same period.
- The bank's operating profit declined by 9.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.6% in 2QFY21 as against 29.6% in 2QFY20.
- Other income declined by 25.3% YoY during the quarter.
- Net profit for the quarter increased by 121.6% YoY. Net profit margins during the quarter increased from -8.1% in 2QFY20 to 2.5% in 2QFY21.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 4.4% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 8.6% QoQ during the same period.
- The bank's operating profit increased by 3.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 37.6% in 2QFY21 as against 34.8% in 1QFY20.
- Net profit for the quarter increased by 184.7% QoQ, while net profit margins increased from 0.8% in 1QFY20 to 2.5% in 2QFY21.
To see how YES BANK has performed over the last eight quarters,please visit here.
Know More: Which way are the markets & the mutual fund industry headed?
YES BANK Share Price Performance
Over the last one year, YES BANK share price has moved down from Rs 66.1 to Rs 12.2, registering a Loss of Rs 53.9 or around 81.5%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 29,140.9 (down 1.0%). Over the last one year it has moved down from 34,219.4 to 29,140.9, a gain of 5,079 points (down 14.8%).
Overall, the S&P BSE SENSEX is up 0.3% over the year.
Current Valuations
At the current price of Rs 12.2, the price to book value (P/BV) ratio of YES BANK stands at 0.1 times.
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Jan 25, 2021 | Updated on Jan 25, 2021For the quarter ended December 2020, YES BANK has posted a net profit of Rs 2 bn (up 100.8% YoY). Sales on the other hand came in at Rs 53 bn (down 5.7% YoY). Read on for a complete analysis of YES BANK's quarterly results.
YES BANK Announces Quarterly Results (1QFY21); Net Profit Down 60.1% (Quarterly Result Update)
Aug 26, 2020 | Updated on Aug 26, 2020For the quarter ended June 2020, YES BANK has posted a net profit of Rs 454 m (down 60.1% YoY). Sales on the other hand came in at Rs 55 bn (down 29.8% YoY). Read on for a complete analysis of YES BANK's quarterly results.
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