Yes Bank Q1 Results: Standalone PAT grows 47% YoY to Rs 502 crore, interest income jumps 20%

Yes Bank today reported a standalone net profit of Rs 502.43 crore for the quarter ended June 30, 2024, which was up by 47% over Rs 342.52 crore reported by the lender in the year ago period. The interest earned in the reported quarter stood at Rs 7,719.15 crore, higher by 19.8% from Rs 6,443.22 crore reported in the corresponding quarter of the previous financial year.

Interests expended during the reported quarter stood at Rs 5,475.11 crore, which was up from Rs 4,443.6 crore reported by the lender in the year ago period. This was a 23% YoY growth.

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The net profit for Q1FY25 was up by 11.2% on the quarter-on-quarter basis versus Rs 452 crore in Q4FY24. The net interest margins (NIMs) for the reported quarter for Q1FY25 were steady on the QoQ basis at 2.4%, a company filing to the stock exchanges said.

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The bank's non-interest income for Q1FY25 stood at Rs 1,199 crore which it said was a normalised growth at 20.5% YoY.

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