Yes Bank Q2FY19 profit declines 4 per cent to Rs 965 crore

Yes Bank reported its results for the quarter ended September 30, 2018.

The net interest income (NII) for Q2FY19 came in at Rs. 2417.55 crore as against Rs. 1885.09 crore as compared to the corresponding quarter last year, an increase of 28.2 per cent. Also, the net interest margin (NIM) stood at 3.3 per cent as against 3.7 per cent for Q2FY18. The provisions for the quarter stood at Rs. 940 crore vs Rs. 447.1 crore in Q2FY18, decline of 110.3 per cent.

The net advances for the quarter stood at Rs. 239,627.5 crore vs Rs. 148,675.3 crore in Q2FY18, an increase of 61.2 per cent. The deposits for the quarter stood at Rs. 222,837.9 crore vs Rs. 157,989.8 crore in Q2FY18, an increase of 41 per cent. The CASA ratio for the quarter came in at 33.8 per cent as against 37.2 per cent in Q2FY18.

The net profit for the quarter came in at Rs. 965 crore vs Rs. 1002.7 crore in Q2FY18, a decline of 4 per cent YoY. Also, the gross NPAs and net NPAs for the quarter stood at 1.6 per cent and 0.84 per cent as against 1.82 per cent and 1.04 per cent in Q2FY18 respectively.

Today, the stock opened at Rs. 202.80 and made an intra-day low of Rs. 195.15 and finally closed at Rs 198.35, on the BSE.