Yes Bank shares went up 4% in morning trade on Monday, April 21, 2025, after the bank announced its Q4 results on Saturday. The stock opened at ₹19.1 and touched a high of ₹19.37 before coming down slightly. The low of the day was ₹18.8, and the previous closing price was ₹18.09. At 11:40 AM, the stock was trading around ₹19, up about 5% from the previous close. This rise came after the bank reported strong profit growth in the March quarter. However, most analysts are still not very positive about the stock, with many maintaining a “sell” rating.
Yes Bank Q4 Results
Yes Bank reported a 63.3% increase in its net profit for the January to March quarter (Q4 FY25), which came at ₹738.1 crore. Last year, in the same quarter, the profit was ₹451.9 crore. This is a big improvement and shows that the bank is moving in the right direction. Analysts had expected a profit of ₹598.2 crore, so the bank did better than expected.
Net Interest Income (NII)
The bank’s Net Interest Income, which is the money it earns from giving loans after paying interest to depositors, increased by 5.7%. It came at ₹2,276.3 crore in Q4FY25, compared to ₹2,153 crore in Q4FY24. This also beat the estimated number of ₹2,182.1 crore.
Net Interest Margin (NIM)
Net Interest Margin, which shows how much profit the bank earns from its loans, stood at 2.5% in Q4FY25. Last year in the same quarter, it was 2.4%. For the full year, NIM was 2.4%.
Non-Interest Income
This is the money the bank earns from other services like fees, commissions, etc. It rose 10.9% year-on-year and 15% quarter-on-quarter to ₹1,739 crore in Q4FY25.
Operating Expenses and PSLC Costs
The bank’s total operating cost for the quarter was ₹2,701 crore, which is 4.2% lower than last year. PSLC (Priority Sector Lending Certificate) cost fell sharply to ₹97 crore compared to ₹254 crore a year ago. If we remove PSLC costs, the overall expenses only grew 1.5% YoY in the quarter.
Operating Profit and Provisions
Operating profit for Q4FY25 stood at ₹1,314 crore, up 45.6% from last year and 21.8% from the previous quarter. For the full year, the bank’s operating profit was ₹4,254 crore, up 25.6%.
Provisions for Q4FY25 were ₹318 crore, which is a 32.5% drop from last year but a 23% rise from the previous quarter. For the whole year, provisions dropped by 42.4% to ₹1,086 crore.
Asset Quality – GNPA & NNPA
- Gross NPA (GNPA): 1.6% in Q4FY25 – same as the previous quarter and better than 1.7% last year.
- Net NPA (NNPA): Dropped to 0.3% from 0.5% in the previous quarter and 0.6% last year.
- In rupees: Gross NPA was ₹3,935.6 crore (compared to ₹3,963.47 crore last quarter) and Net NPA was ₹800.1 crore (compared to ₹1,142.62 crore).
Loan Book and Disbursements
The bank’s net advances grew to ₹2,46,188 crore, which is an 8.1% increase compared to last year and 0.6% from the previous quarter. The bank gave fresh loans worth ₹27,734 crore in Q4 and ₹97,899 crore during the whole year.
The bank’s credit-deposit ratio came down slightly to 86.5% from 88.3% last quarter, which means the bank is lending slightly less compared to its total deposits.
CASA Ratio and New Accounts
The CASA ratio (which shows the share of low-cost deposits) improved to 34.3% from 30.9% last year. In Q4FY25, Yes Bank opened about 2.58 lakh new retail CASA accounts. For the whole year, it opened around 13.15 lakh new CASA accounts. Retail and small business deposits grew by 8.3% compared to last year.
Other Key Numbers
- Net Slippages (new bad loans minus recoveries): ₹696 crore in Q4FY25
- Gross Slippages: ₹1,223 crore in Q4FY25, down from ₹1,348 crore in Q3
- Recovery in Q4: ₹1,480 crore
- Total recoveries in FY25: ₹5,923 crore
- Overdue Book (31–90 days): Dropped to ₹3,705 crore from ₹3,980 crore last quarter
Conclusion
Yes Bank has shown good improvement in profits, loan recovery, and asset quality in the Q4 results. The stock reacted positively in the market, rising nearly 6% in early trade. However, big investors and analysts are still cautious about the long-term outlook of the bank. The coming quarters will be important to see if the bank continues to grow and improve its fundamentals.