YES BANK Announces Quarterly Results (3QFY20); Net Profit Down 1952.6%

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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 ChangeYoY Change
Operating incomeRs m79,58973,86356,428-23.6%-29.1%
Other incomeRs m8,9099,4596,257-33.9%-29.8%
Total revenuesRs m88,49883,32262,685-24.8%-29.2%
InterestRs m52,92552,00445,781-12.0%-13.5%
Gross Profit Rs m26,66421,85910,648-51.3%-60.1%
Other expensesRs m15,66916,7346,257-62.6%-60.1%
Profit before taxRs m14,4011,222-247,722-20373.5%-1820.1%
TaxRs m4,3837,223-62,118-960.0%-1517.3%
Profit after taxRs m10,019-6,001-185,603-1952.6%
Gross profit margin %33.529.618.9
Effective tax rate%30.4591.125.1
Net profit margin%12.6-8.1-328.9
* 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 29.1% 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.

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