Yes Bank shares in focus after Q1 PAT zooms 59% YoY
Yes Bank
are likely to be in focus on Monday, July 21, following the announcement of its strong Q1FY26 results. The private lender reported a 59% year-on-year (YoY) jump in standalone profit after tax (PAT), which stood at Rs 801 crore, compared to Rs 502 crore in the same quarter of the previous financial year.
The significant rise in net profit was driven by a combination of higher non-interest income and an improvement in net interest income (NII). Yes Bank reported a 5.7% YoY increase in NII, which came in at Rs 2,371 crore for Q1FY26, aided by a reduction in the cost of funds. On a sequential basis, NII grew by 4.2%.
Explore courses from Top Institutes in
Select a Course Category
MBA
Product Management
Operations Management
Data Analytics
Artificial Intelligence
Technology
healthcare
Project Management
Design Thinking
Others
Leadership
Data Science
others
Degree
Finance
Cybersecurity
Healthcare
Public Policy
MCA
Digital Marketing
Data Science
Management
PGDM
CXO
Skills you'll gain:
Financial Management
Team Leadership & Collaboration
Financial Reporting & Analysis
Advocacy Strategies for Leadership
Duration:
18 Months
UMass Global
Master of Business Administration (MBA)
Starts on
May 13, 2024
Get Details
Skills you'll gain:
Analytical Skills
Financial Literacy
Leadership and Management Skills
Strategic Thinking
Duration:
24 Months
Vellore Institute of Technology
VIT Online MBA
Starts on
Aug 14, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
If you have a mouse, play this game for 1 minute
Navy Quest
Undo
Meanwhile, the bank's non-interest income rose sharply by 46.1% YoY to Rs 1,752 crore, boosted by improved treasury income. Sequentially, non-interest income saw marginal growth of 0.7%.
Also read:
Is RIL's strong profit growth sustainable amid rising capital expenditure?
Yes Bank's net interest margin (NIM) for Q1FY26 stood at 2.5%, reflecting an upward trend on a year-on-year (YoY) basis. The improvement was driven by reductions in deposits related to the priority sector lending (PSL) shortfall and savings account (SA) rate cuts, partially offset by repricing impacts.
Live Events
Total interest income for the quarter stood at Rs 7,596 crore, down 1.6% from Rs 7,719 crore reported in the same quarter of the previous year. Interest expenses also declined by 4.6% YoY to Rs 5,224.41 crore, compared to Rs 5,475 crore a year ago.
Yes Bank's asset quality remained stable, with improvements seen in both gross non-performing assets (GNPA) and net non-performing assets (NNPA) ratios on a YoY basis.
On Friday, shares of Yes Bank closed flat at Rs 20.17 on BSE.
(
Disclaimer
: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
19 minutes ago
- India.com
Massive win for Sunil Bharti Mittal as Airtel beats Ratan Tata's TCS in..., Airtel is now India's...
Ratan Tata and Sunil Mittal New Delhi: In a significant development, Indian billionaire Sunil Mittal has shown tremendous growth in the recent week. Overtaking Tata Consultancy Services (TCS) to become India's third-largest company by market capitalisation, the Bharti Airtel founder has become India's third-largest company by market capitalisation. Here are all the details you need to know about the recent development for Sunil Bharti Mittal's Airtel and how it has overtaken Ratan Tata's TCS. How Bharti Airtel overtook TCS? In the recent development, the shares of Airtel rose by 0.333 per cent on Monday, which led to increase in its market value to Rs 11.44 lakh crore, around Rs 2,000 crore more than TCS. Mukesh Ambani's Reliance Industries takes massive hit As per a report by news agency PTI, the combined market valuation of 6 of the top-10 most valued firms declined by Rs 94,433.12 crore last week, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities. Last week, the BSE benchmark tumbled 742.74 points or 0.90 per cent. The PTI report also added that While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys and Hindustan Unilever suffered erosion from their market valuation last week, ICICI Bank, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) emerged as gainers. In a significant shock for Ratan Tata's TCS, the valuation of TCS tumbled Rs 27,334.65 crore to Rs 11,54,115.65 crore, the most among the top-10 firms. How have HDFC Bank, Hindustan Unilever performed? Reliance Industries suffered an erosion of Rs 24,358.45 crore to Rs 19,98,543.22 crore from its valuation. The market capitalisation (mcap) of HDFC Bank tanked Rs 20,051.59 crore to Rs 15,00,917.42 crore. Bharti Airtel's mcap dropped by Rs 11,888.89 crore to Rs 10,83,998.73 crore, and that of Hindustan Unilever declined by Rs 7,330.72 crore to Rs 5,84,789.77 crore.
News18
27 minutes ago
- News18
Eternal Share In Focus As Upbeat Management Commentary Offsets Q1 Profit Decline
Last Updated: Shares of Eternal Ltd (formerly Zomato Ltd) will remain in focus in Tuesday's trading session, following a late rally on Monday post Q1 results Zomato Share Price: Shares of Eternal Ltd (formerly Zomato Ltd) will remain in focus in Tuesday's trading session, following a late rally on Monday that saw the stock surge 7.56% to a five-month high of Rs 276.80. The spike came despite the company reporting a steep 90.12% year-on-year drop in consolidated net profit for the June 2025 quarter (Q1 FY26), which stood at Rs 25 crore compared to Rs 253 crore in the same period last year. While profits dipped sharply, revenue from operations jumped 70.4% year-on-year to Rs 7,167 crore, primarily driven by strong growth in the company's quick commerce arm, Blinkit. Eternal's B2C Net Order Value (NOV) surged 55% YoY to Rs 20,183 crore, with Blinkit surpassing food delivery for the first time. Consolidated adjusted revenue rose 67% YoY to Rs 7,563 crore. Despite top-line growth, profitability was impacted by ongoing investments. Adjusted EBITDA declined 42% YoY to ₹172 crore, reflecting higher spends on Blinkit and the company's expanding 'going-out" segment. Food delivery margins held steady at 5% of NOV, despite seasonal softness. ' I think the YoY growth is likely to bottom out now as we recover from the demand slowdown we started seeing in late 2024. For FY26, it looks unlikely that the business will deliver 20%-plus NOV growth, but we should be north of 15% and hopefully trending toward 20% in FY27." During the quarter, Blinkit added 243 new stores and saw its NOV rise 127% YoY. The company also began transitioning Blinkit to an inventory-led model, which is expected to enhance both margins and revenue. Profitability in smaller cities was described as encouraging. Meanwhile, the going-out vertical — now a Rs 8,000 crore annualized NOV business — continues to expand, bolstered by recent acquisitions in ticketing and events. Eternal ended the quarter with a cash balance of Rs 18,857 crore. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
an hour ago
- Time of India
Zomato parent sees Q1 profit plunge 90%
Representative image BENGALURU: Eternal-the listed parent of Zomato - posted a net profit of Rs 25 crore, an over 90% decline from Rs 253 crore in the year-ago period, due to increased investments in Blinkit and other emerging segments. Eternal reported a 70% year-on-year increase in consolidated revenue to Rs 7,167 crore for the quarter. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
