YES Bank announced Q2FY25 results Net Profit for Q2FY25 at Rs 553 crore up 145.6% YoY & 10.1% QoQ Operating Profit at Rs 975 crore up 21.7% YoY and 10.2% QoQ NII at Rs 2,200 crore for Q2FY25 up 14.3% YoY; NIMs stable QoQ at 2.4% Non-Interest Income for Q2FY25 at Rs 1,407 crore up 16.3% YoY and 17.3% QoQ Operating Expenses grew 12.8% YoY and 2.9% QoQ Cost-to-Income Ratio lower at 73.0% v/s. 74.4% (Q2FY24) and 74.3% (Q1FY25) RoA for Q2FY25 at 0.5% v/s. 0.2% in Q2FY24 & 0.5% in Q1FY25 Balance Sheet momentum sustains with effective execution in line with strategic objectives Sustained momentum in Deposit accretion (up 18.3% YoY and 4.6% QoQ) Strong expansion in CASA Ratio at 32.0% up 260 bps YoY and 120 bps QoQ Net Advances Growth at 12.4% YoY aided by Sustained growth momentum in SME (up 25.8% YoY), Mid Corporate Advances (up 25.5% YoY), and Corporate Advances up 21.8% YoY and 4.6% QoQ Retail Advances growth flattish, in line with strategy to improve profitability NIL PSL shortfall for Q2FY25 across overall requirement and sub-categories, through combination of further step up in organic balances and PSLC purchases Sustained improvement in Asset Quality metrics: GNPA ratio down QoQ, PCR at 70.0% GNPA ratio lower on both YoY & QoQ basis at 1.6% v/s. 2.0% in Q2FY24 & 1.7% in Q1FY25 (NNPA + net carrying value of SR) as % of Advances has more than halved on YoY basis at 0.9% in Q2FY25 v/s. 2.0% in Q2FY24; remains stable on QoQ basis NPA Provision Coverage Ratio (PCR) at 70.0% v/s. 56.4% in Q2FY24 and 67.6% in Q1FY25 Resolution momentum sustains with recoveries and resolutions at Rs 1,021 crore in Q2FY25 Std. Restructured accounts amounted to Rs 2,125 crore (0.9% of Advances) down from 2.2% of Advances in Q2FY24 & 1.6% in Q1FY25. QoQ reduction led by resolutions/ upgrades. Credit Rating Upgrades from CRISIL and CARE: Bank’s Basel III Tier II Bonds and Infrastructure Bonds ratings upgraded to A+ from A Commenting on the results and financial performance, Prashant Kumar, Managing Director & CEO, YES Bank said, “Q2FY25 performance has been encouraging, esp. if seen in the context of Industry headwinds. Deposit momentum has been maintained with 18% YoY growth, along with healthy CASA ratio (now at 32%) expansion on both YoY & QoQ basis, on the back of CA growth at 26% YoY & 11% QoQ and SA growth at 30% YoY & 7% QoQ. At same time, the slippage ratio (at 2.2% of Advances) remains range-bound within the guidance range. Other Asset Quality parameters such as GNPA ratio, PCR and O/S Restructured loans have all improved on QoQ basis. The Bank continues to deliver as per the stated strategic objectives, with superior growth in SME and Mid Corporate segments, growth resumption in the Corporate segment and calibration of growth in Retail segment, aimed at profitability improvement. Bank also continues to maintain NIL PSL shortfalls. These along with other drivers have enabled the Bank to deliver healthy Operating Profit and Net profit growth. The RoA of the Bank has been consistently at 0.5% over last 3 quarters. The Bank has also strengthened its management team with key senior hires in Retail Assets and Financial Markets Team. We have received external validation in the form of Credit Rating upgrades over the last 2 quarters. While we navigate the challenges in the operating environment, we remain confident of our progress towards building a franchise which delivers superior returns to our stakeholders.” Result PDF