YES Bank Ltd reports consolidated PAT of Rs. 120.25 crore in Q2

YES BANK LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.5972.12 crores during the period ended September 30, 2020 as compared to Rs.6122.62 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.120.25 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.34.05 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.05 for the period ended September 30, 2020 as compared to Rs.0.03 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 5972.12 crs	₹ 6122.62 crs	-2.46%
Net Profit	₹ 120.25 crs	₹ 34.05 crs	253.16%
EPS	₹ 0.05	₹ 0.03	66.67%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.5972.12 crores during the period ended September 30, 2020 as compared to Rs.8347.50 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.120.25 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.(629.09) crores for the period ended September 30, 2019.

The company has reported EPS of Rs.0.05 for the period ended September 30, 2020 as compared to Rs.(2.58) for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 5972.12 crs	₹ 8347.50 crs	-28.46%
Net Profit	₹ 120.25 crs	₹ (629.09) crs	-119.11%
EPS	₹ 0.05	₹ (2.58)	-101.94%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.12094.74 crores during the 6 months period ended September 30, 2020 as compared to Rs.17453.28 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.154.30 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.(533.53) crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.0.09 for the 6 months period ended September 30, 2020 as compared to Rs.(2.24) for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 12094.74 crs	₹ 17453.28 crs	-30.7%
Net Profit	₹ 154.30 crs	₹ (533.53) crs	-128.92%
EPS	₹ 0.09	₹(2.24)	-104.02%

Key Highlights

- Net Interest Income at INR 1,973 Crores grew 3.4% q-o-q aided by higher NIMs at 3.1% up ~10 bps q-o-q

- Non-Interest income for Q2FY21 at INR 707 Crores, grew 13.9% q-o-q. Strong bounce back seen across transactional and granular fee streams

- Operating expenses declined 4.5% q-o-q and 21.1% y-o-y to INR 1,320 Crores

- Total step up in provisioning of ~ INR 1,600 Crores; consists of INR 1,038 Crores towards Covid19 related provisioning and balance predominantly towards Non-Performing Investments

- Net Advances at INR 1,66,923 Crores grew 1.5% q-o-q; Strong pickup in retail disbursements at INR 3,764 Crores, up from INR 424 Crores last quarter.

- Liquidity Coverage Ratio as on September 30, 2020 at 107.3%

- Capital position: CET I ratio at 13.5%, Total CRAR at 19.9%

- Asset quality parameters as of September 30, 2020:

* PCR improves to 75.7% vs. 75.1% last quarter; including technical write-offs PCR at ~80%
* GNPA of 16.9% (vs. 17.3% last quarter)
* NNPA of 4.71% (vs. 4.96% last quarter)

Shares of YES BANK LTD. was last trading in BSE at Rs.13.35 as compared to the previous close of Rs. 12.72. The total number of shares traded during the day was 39164400 in over 19449 trades.

The stock hit an intraday high of Rs. 13.35 and intraday low of 12.65. The net turnover during the day was Rs. 517106212.

Source : Equity Bulls

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