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- YES BANK Announces Quarterly Results (3QFY20); Net Profit Down 1952.6%
YES BANK Announces Quarterly Results (3QFY20); Net Profit Down 1952.6%
Mon, 16 Mar
YES BANK has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
YES BANK Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Operating income | Rs m | 79,589 | 73,863 | 56,428 | -23.6% | -29.1% |
| Other income | Rs m | 8,909 | 9,459 | 6,257 | -33.9% | -29.8% |
| Total revenues | Rs m | 88,498 | 83,322 | 62,685 | -24.8% | -29.2% |
| Interest | Rs m | 52,925 | 52,004 | 45,781 | -12.0% | -13.5% |
| Gross Profit | Rs m | 26,664 | 21,859 | 10,648 | -51.3% | -60.1% |
| Other expenses | Rs m | 15,669 | 16,734 | 6,257 | -62.6% | -60.1% |
| Profit before tax | Rs m | 14,401 | 1,222 | -247,722 | -20373.5% | -1820.1% |
| Tax | Rs m | 4,383 | 7,223 | -62,118 | -960.0% | -1517.3% |
| Profit after tax | Rs m | 10,019 | -6,001 | -185,603 | -1952.6% | |
| Gross profit margin | % | 33.5 | 29.6 | 18.9 | ||
| Effective tax rate | % | 30.4 | 591.1 | 25.1 | ||
| Net profit margin | % | 12.6 | -8.1 | -328.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The bank's operating income (interest earned) during the quarter fell 29.1% on a year-on-year (YoY) basis. The interest expended was down by 13.5% YoY during the same period.
- The bank's operating profit declined by 60.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.9% in 3QFY20 as against 33.5% in 3QFY19.
- Other income declined by 29.8% YoY during the quarter.
- Net profit for the quarter declined by 1952.6% YoY. Net profit margins during the quarter declined from 12.6% in 3QFY19 to -328.9% in 3QFY20.
Quarter-on-Quarter Performance:
- The bank's operating income (interest earned) during the quarter fell 23.6% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 12.0% QoQ during the same period.
- The bank's operating profit declined by 51.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.9% in 3QFY20 as against 29.6% in 2QFY19.
- Net profit for the quarter declined by 2993.0% QoQ, while net profit margins declined from -8.1% in 2QFY19 to -328.9% in 3QFY20.
To see how YES BANK has performed over the last eight quarters,please visit here.
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YES BANK Share Price Performance
Over the last one year,YES BANK share price has moved down from Rs 245.1 to Rs 38.0, registering a Loss of Rs 207.1 or around 84.5%.
Meanwhile, the S&P BSE BANKEX is trading at Rs 27,247.0 (down 5.7%). Over the last one year it has moved down from 32,915.0 to 27,247.0, a gain of 5,668 points (down 17.2%).
Overall, the S&P BSE SENSEX is down 14.0% over the year.
Current Valuations
At the current price of Rs 38.0, the price to book value (P/BV) ratio of YES BANK stands at 0.3 times.
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