Yes Bank shares in focus after lender's Q2 PAT shoots up 145% YoY to Rs 553 crore
Yes Bank shares are expected to remain in focus as the private lender reported a 145% jump in its September quarter standalone net profit at Rs 553 crore versus Rs 225.21 crore reported by it in the year ago period.
The interest earned by the lender during the quarter stood at Rs 7,730 crore which was up 15% over Rs 6,711 crore reported in the corresponding quarter of the previous financial year.
The net interest income (NII) was reported at Rs 2,200 crore for Q2FY25 which was up 14.3% YoY while net interest margins (NIMs) remained stable QoQ at 2.4%.
The net profit for Q2FY25 was up by 10% on a QoQ basis. The operating profit was reported at Rs 975 crore up 21.7% Y-o-Y and 10.2% Q-o-Q.
Interest expended by the lender in the reported quarter stood at Rs 5,530 crore versus Rs 4,786 crore reported in the year ago period. It was higher by 15 on a YoY basis.
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