YES Bank Q1 Results:
The first quarter was excellent for Yes Bank due to a decrease in NPAs and an increase in income.
Yes Bank's net profit jumped 50 percent to Rs 311 crore in the first quarter of the current financial year.
In the first quarter of last year, the net profit of Yes Bank was Rs 207 crore. Which was less than this time.
Yes Bank's total income rose to Rs 5,916 crore in the first quarter of April-June 2022.
Whereas in the first quarter of April-June 2021 a year ago, it was Rs 5,394 crore.
The decline in the NPA ratio of the bank has been the biggest reason for the increase in its profit.
The ratio of NPAs to gross credit of the bank has come down to 13.45 percent from 15.60 percent last year.
The ratio of net NPAs also declined to 4.17 percent from 5.78 percent in the first quarter of FY2022-23.
The board of Yes Bank has recommended the appointment of Prashant Kumar as the new MD CEO.
Yes bank share price
Mkt cap: 36.83TCr P/E ratio: 34.62- CDP score: B 52-wk High: 16.25 52-wk low: 10.50 Current Price: 14.70