Yes Bank - Q4FY13 Result First-Cut - Microsec

Yes Bank Ltd has announced its Q4FY13 result on 17th April 2013.

The bank's total income increased by 13.37% QoQ and 42.39% YoY to INR1017.50 crores, driven by robust YoY growth in its Net Interest Income (NII) and Other Income by 42.36% and 42.44% respectively. Whereas, Profit After Tax (PAT) increased by 5.80% QoQ and 33.24% YoY to INR362.15 crores. During the quarter, bank has increased its provision by 72.07% QoQ and 242.45% YoY to INR97.53 crores.

Bank's loans book and total deposits expanded by 23.72% and 36.22% YoY to INR46999.57 and INR66955.59 crores respectively. On the asset quality front, bank has improved its assets quality. Bank's NNPA decreased by 3bps QoQ and 4bps YoY to 0.01%, whereas, GNPA decreased by 2bps YoY to 0.20%. Moreover, bank is well capitalized to support its growth trajectory, Capital Adequacy Ratio (CAR) improved by 30bps QoQ and 40bps YoY to 18.3%. Bank has also improved its low cost deposits base (CASA) by 60bps QoQ and 390bps YoY to 18.90%, which leads to improved its Net Interest Margin (NIM) by 20bps YoY to 3%. Moreover, bank is in well position to tame may time liabilities with 92.60% of its Provision Coverage Ratio (PCR), which is best in the industry.

Total restructuring advances (excluding NPA) stand at INR144.2 crores as at 31st March 2013. This represent 0.31% of its Gross Advances down from 0.53% as of 31st March 2012.

In FY13, bank's topline increased by 40.58% YoY to INR3476.22 crores whereas, bottom line increased by 33.13% YoY to INR1300.68 crores.

Source : Equity Bulls

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