MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- YES BANK
- 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.
Get Details: These 3 Stocks are the Dark Horses of the Stock Market
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.
Related Views on News
YES BANK Announces Quarterly Results (2QFY21); Net Profit Up 121.6% (Quarterly Result Update)
Nov 4, 2020 | Updated on Nov 4, 2020For the quarter ended September 2020, YES BANK has posted a net profit of Rs 1 bn (up 121.6% YoY). Sales on the other hand came in at Rs 52 bn (down 29.0% 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.
How the YES Bank Collapse Unfolded - 10 Points (Sector Info)
Mar 9, 2020A 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, 2020Top factors that dragged the markets lower today.
More Views on NewsMost Popular
'Essential' Smallcap Stock Recommendations(Profit Hunter)
Jan 8, 2021The smallcap rally has enough steam left in it. If you haven't joined yet, it is still not too late.
Is Nifty Forming a Top(Fast Profits Daily)
Jan 8, 2021The charts are telling the bulls to be cautious.
Why Gold Hit Lower Circuit(Fast Profits Daily)
Jan 11, 2021Were you shocked that bullion prices hit lower circuits on Friday on the MCX? Find out why it happened...
A Rare Chance to Invest in Potential Multibaggers in 2021(Profit Hunter)
Jan 11, 2021Our ace stock picker is ready to capitalise on a big growth opportunity.
More|
| |
OUR TOP 5 IDEAS
- Free Report: Multibagger Stock Ideas 2021
- Are You Making One of These 15 Costly Mistakes While Investing. Learn more!
- Covid-19 Proof Multibagger Stocks - Download this FREE Report Now
- Free Report: The Secret to Increasing Your Trading Profits Daily!
- No Guessing, No Hunches, and No Missed Trends Ever! Join Us on YouTube Now.
YES BANK SHARE PRICE
Jan 20, 2021 01:02 PM
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 - RBL BANK COMPARISON
COMPARE YES BANK WITH
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
POPULAR TOPICS
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Warren Buffett - The Value Investor
- The Best Small-cap Stocks to Buy
- The Best Bluechip Stocks to Buy
- Your Ultimate Guide to Penny Stock Investing
- 10 Rules for Successful Long-Term Investing
- How to Invest in the Share Market
FOLLOW
APP
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 (3QFY20); Net Profit Down 1952.6%". 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!