Q1FY20 Results: Yes Bank reports weak numbers

Yes Bank reported Q1FY20 results post-market hours on Wednesday. The net profit of the bank stood at Rs. 114 crore during the quarter with a compensating loss of Rs. 1,506.64 crore in the previous quarter and a decline of 90 percent in comparison with previous year. The net interest income was up by 2.8 per cent at Rs. 2,280.8 crore during Q1FY20 as against Rs. 2,219.1 crore in the year-ago period.

The capital adequacy ratio is 15.7 per cent which is a decline of 1.3 per cent on YoY basis and declined by 0.9 per cent on QoQ basis. The gross non-performing assets (GNPA) increased by 3.1 per cent on YoY basis and increased by 1.79 per cent on QoQ basis, which stood at 5.01 per cent for Q1FY20. The net NPA was at 2.91 percent for the quarter. The bank maintained the credit cost guidance of up to 125 bps for FY20.

Advances grew by 10.1 per cent on YoY basis to Rs. 2,36,300 crore and deposits grew by 5.9 per cent YoY to Rs. 2,25,902 crore. CASA ratio for the first quarter was 30.2 per cent, which declined by 3 per cent as compared to previous quarter.

During Wednesday’s trading session, Yes Bank made a high of Rs 108.5 and touched a low Rs 97.55. The stock closed at Rs. 98.45 per share, down by 5.25 per cent on BSE.