Yes Bank Q3 Earnings: Net Profit Zooms 164% To ₹612.27 Crore YoY; NII Surge 1.02%

Yes Bank reported its fiscal third quarter earnings on Saturday, showing a profit of Rs 612.27 crore, a 164.53 percent increase over the Rs 231.46 crore it reported for the same quarter in FY24.

Net interest income and margin

It reported Net Interest Income (NII) of Rs 2,224 crore, an increase of 1.02 per cent year over year. NIMs (net interest margin) for the quarter was 2.4 per cent flat year over year.

During the reviewed quarter, the banking giant earned a total of Rs 9,341.15 crore, a 14.20 per cent increase over the Rs 8179.45 crore earned during the same period of the previous fiscal year.

Gross and net NPA (Q3 FY25)

Yes Bank's gross non-performing asset (NPA) ratio was 1.6 per cent on a year-over-year basis, down from 2.0 per cent in Q3 FY24. In contrast, the net non-performing asset (NPA) ratio was 0.5 per cent as opposed to 0.9 per cent in Q3 FY24.

According to the report, gross slippages for Q3FY25 were Rs 1,348 crore as opposed to Rs 1,233 crore for Q3FY24. Fresh slippages for the retail segment in Q3 totaled Rs 1,174 crore.

Q3 FY25 CASA Deposits

In Q3 of FY25, the CASA ratio increased to 33.1 per cent from 29.7 per cent in the same quarter of the prior fiscal year.

The bank's savings account balances saw strong growth, rising by 33.3 per cent YoY and 9.2 per cent sequentially, while the current account balances increased by 21.1 per cent year-over-year, with an average CA growth of 22.1 per cent YoY. The average YoY growth in savings account balances was 32.1 per cent.

Total Deposits Q3 FY25

Furthermore, Yes Bank's total deposits increased 14.6 per cent year over year (YoY) to Rs 2,77,224 crore, while its advances totaled Rs 2,44,834 crore, representing a 12.6 per cent YoY growth.