Yes Bank has announced its third quarter results of FY10. Its net profit went up 19% to Rs 125.9 crore versus Rs 105.8 crore, on year-on-year basis (YoY).
NII (net interest income) increased 75.17% to Rs 210.9 crore from Rs 120.4 crore. Numbers were better-than-expected; CNBC-TV18 was expecting net profit of Rs 121.3 crore and NII at Rs 180.7 crore.
Other income was down 33.94% to Rs 127.8 crore from Rs 193.47 crore and provisions increased to Rs 25.38 crore from Rs 20.43 crore.
In a press conference, Yes Bank says
-Overall cost to income ratio at 36%
-RoE at 26%; NIMs consistent at 3.1%
-72% exposure of bank to large corporates; fairly de-risked
Highlights
* Advance grew at 71.1% and deposit growth of 62.8%
* Non-interest income down 33.94% to Rs 127.8 crore
* Restructured loans declined by Rs 21.9 crore; stand at 0.71%
Non-interest income (QoQ)
* Financial markets : Rs 28 crore versus Rs 49.6 crore
* Advisory: Rs 57 crore versus Rs 56.3 crore
*Transactional banking: Rs 37.3 crore versus Rs 35.3 crore
* 3rd party : Rs 5.7 crore versus Rs 10.4 crore
Net interest Margin
* Q3FY10: 3.1%
* Q2FY10: 3.15%
* Q1FY10: 3.1%
* Q4FY09: 3%
* Q3FY09: 2.8%
Capital Adequacy Ratio
* Q3FY10: 16.19%
* Q2FY10: 17.25%
* Q1FY10: 17.63%
* Q4FY09: 16.63%
* Q3FY09: 14.75%
Net NPAs
* Q3FY10: 0.09%
* Q2FY10: 0.08%
* Q1FY10: 0.24%
* Q4FY09:0.33%
* Q3FY09:0.15%
| Particulars | Dec-09 | Sep-09 | Jun-09 | Mar-09 |
| Interest Earned / Operating Income | 626.36 | 526.91 | 542.65 | 566.31 |
| Interest on Advance | 470.62 | 416.47 | 394.38 | 400.72 |
| Income on Investment | 150.83 | 124.73 | 139.96 | 158.74 |
| Interest on Balances | 3.62 | 1.79 | 1.42 | 0.63 |
| Others Interests | 1.29 | -16.08 | 6.89 | 6.22 |
| Other Income | 127.8 | 151.58 | 145.2 | 89.76 |
| Total Income | 754.16 | 678.49 | 687.85 | 656.07 |
| Interest Expended | -415.44 | -366.96 | -378.93 | -411.09 |
| Operating Expenses | -122.56 | -119.72 | -111.13 | -91.04 |
| Total Expenditure for Banks | -538 | -486.68 | -490.06 | -502.13 |
| Profit before Tax | 216.16 | 191.81 | 197.79 | 153.94 |
| Tax | -64.85 | -56.73 | -52.19 | -41.64 |
| Provisions and Contingencies | -25.38 | -23.37 | -45.53 | -32.19 |
| Net Profit | 125.93 | 111.71 | 100.07 | 80.11 |
| Equity Capital | 300.27 | 298.17 | 297.08 | 296.98 |
Source: CNBC-TV18
Courtesy moneycontrol.com
Courtesy moneycontrol.com
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