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YES Bank Ltd reports Q3FY21 consolidated PAT of Rs. 147.68 crore

Posted On: 2021-01-22 04:15:23 (Time Zone: Arizona, USA)


YES BANK LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.6545.72 crores during the period ended December 31, 2020 as compared to Rs.5972.12 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.147.68 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.120.25 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.0.06 for the period ended December 31, 2020 as compared to Rs.0.05 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 6545.72 crs₹ 5972.12 crsUp Tick 9.6%
Net Profit₹ 147.68 crs₹ 120.25 crsUp Tick 22.81%
EPS₹ 0.06₹ 0.05Up Tick 20%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.6545.72 crores during the period ended December 31, 2020 as compared to Rs.6297.43 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.147.68 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.(18564.24) crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.06 for the period ended December 31, 2020 as compared to Rs.(72.97) for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 6545.72 crs₹ 6297.43 crsUp Tick 3.94%
Net Profit₹ 147.68 crs₹ (18564.24) crsUp Tick 100.8%
EPS₹ 0.06₹ (72.97)Up Tick 100.08%

Key updates of Q3FY21

- Deposit mobilization continues; at INR 1,46,233 Crores grew 7.7% q-o-q and 38.8% over 9-month period. CD ratio further improved to ~116%

- CASA Ratio at 26%: First q-o-q rise in 4 quarters; ~2.2 Lac CASA accounts opened in Q3FY21 vs. ~1.5 Lac last quarter

- Sustained momentum in Operating Profits at INR 2,286 Crores, up 68.1% q-o-q

- Cash Recoveries from NPA/ NPI at INR 1,512 Crores in Q3FY21 (INR 2,947 Crores for 9MFY21) of which P&L benefit at INR 1,283 crores (INR 2,430 Crores for 9MFY21)

- Retail + SME disbursements at INR 11,917 Crores vs. INR 6,787 Crores in Q2; Retail advances mix at 28%, up ~400bps q-o-q

- Continued Leadership in Technology: UPI: #1 in P2M transactions, >40% vol. market share, IMPS: #1 Remitter Bank*

- The Bank has entered into collaboration with Salesforce, a global leader in CRM, to build next - gen retail tech. platform

- Launch of next generation products: Corporate NetBanking, YES Premia, YES Private Prime, E-Series Debit Card

- Net Interest Income at INR 2,560 Crores grew 29.7% q-o-q aided by higher NIMs at 3.4% # up ~30 bps q-o-q

- Non-Interest income for Q3FY21 at INR 1,197 Crores, grew 69.4% q-o-q. Significant increase seen in retail fees

- Operating expenses at INR 1,472 Crores declined 13.2% y-o-y. C/I ratio improved to ~43.0% # in Q3FY21

- Total step up in provisioning of ~ INR 2,935 Crores; consists of additional INR 765 Crores towards Covid19 related provisioning (aggregate at INR 2,683 Crores) and balance majorly towards increasing PCR of both NPA and NPI

- Net Advances at INR 1,69,721 Crores grew 1.7% q-o-q; Strong pickup in Retail and SME disbursements

- Liquidity Coverage Ratio remains healthy at 120.0% as on December 31, 2020

- Capital position: CET I ratio at 13.1%, Total CRAR at 19.6%

- Asset quality parameters improve q-o-q:

- PCR for NPA improves to 76.8% vs. 75.7% last quarter; PCR for NPI at 77.9% v/s. 70.6% last quarter

- GNPA of 15.4% (vs. 16.9% last quarter)

- NNPA of 4.0% (vs. 4.7% last quarter)

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.18640.46 crores during the 9 months period ended December 31, 2020 as compared to Rs.23750.72 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.301.99 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.(19097.78) crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.0.15 for the 9 months period ended December 31, 2020 as compared to Rs.(78.42) for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 18640.46 crs₹ 23750.72 crsDown Tick -21.52%
Net Profit₹ 301.99 crs₹ (19097.78) crsUp Tick 101.58%
EPS₹ 0.15₹(78.42)Up Tick 100.19%

Shares of YES BANK LTD. was last trading in BSE at Rs.17 as compared to the previous close of Rs. 17.25. The total number of shares traded during the day was 33962604 in over 50420 trades.

The stock hit an intraday high of Rs. 17.5 and intraday low of 16.8. The net turnover during the day was Rs. 579039479.


Source: Equity Bulls

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