YES BANK Announces Quarterly Results (2QFY21); Net Profit Up 121.6%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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 ChangeYoY Change
Operating incomeRs m73,86354,86152,454-4.4%-29.0%
Other incomeRs m9,4596,2077,06813.9%-25.3%
Total revenuesRs m83,32261,06759,521-2.5%-28.6%
InterestRs m52,00435,77932,720-8.6%-37.1%
Gross Profit Rs m21,85919,08119,7343.4%-9.7%
Other expensesRs m16,73413,82013,201-4.5%-21.1%
Profit before taxRs m1,2226021,727186.7%41.3%
TaxRs m7,223148433192.7%-94.0%
Profit after taxRs m-6,0014541,294184.7%
Gross profit margin %29.634.837.6
Effective tax rate%591.124.625.1
Net profit margin%-8.10.82.5
* 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 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.

Equitymaster requests your view! Post a comment on "YES BANK Announces Quarterly Results (2QFY21); Net Profit Up 121.6%". Click here!

  

Related Views on News

YES BANK Announces Quarterly Results (3QFY21); Net Profit Up 100.8% (Quarterly Result Update)

Jan 25, 2021 | Updated on Jan 25, 2021

For 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, 2020

For 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.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

Time to Book Profits in Pharma Stocks(Fast Profits Daily)

Jan 15, 2021

In this video, I'll show you why it might be the right time to take money of the table in pharma stocks.

Smallcap Stocks: Your Best Bet for 2021 and Beyond(Profit Hunter)

Jan 15, 2021

The pandemic failed to thwart Richa's investing success formula for 2020.

One Chart to See Before You Sell(Fast Profits Daily)

Jan 22, 2021

In this video, I'll show you a crucial chart that you need to check before you decide to sell any stock or index.

Invest in the Multibaggers of 2021 and Beyond(Profit Hunter)

Jan 21, 2021

Our ace stock picker is ready to capitalise on a big growth opportunity.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

YES BANK SHARE PRICE


Jan 28, 2021 10:00 AM

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

YES BANK 8-QTR ANALYSIS

COMPARE YES BANK WITH

MARKET STATS