Yes Bank Q4 Results: Net Profit Jumps 63.3% To Rs 738 Cr; Asset Quality At Best Levels Since FY20

The financial results for the quarter (Q4) and year ending March 31, 2025, were released by Yes Bank on Saturday. The Q4FY25 net profit was Rs 738 Crs, rising 20.6% Q-o-Q and 63.3% Y-o-Y. The bank's FY25 net profit increased 92.3% YoY to Rs 2,406 Crs. Q4FY25 NII was Rs 2,276 Crs, up 5.7% Y-o-Y and 2.4% Q-o-Q. FY25's NIM was 2.5%, up from 2.4% in Q4FY24.

Non-interest income for FY25 was Rs 5,857 Crs, up 14.5% YoY. For Q4FY25, non-interest income was Rs 1,739 Crs, increasing 15.0% Q-o-Q and 10.9% Y-o-Y. Operating costs dropped 4.2% YoY to Rs 2,701 Crs. Yes Bank reported an operating profit of Rs 4,254 Crs for FY25, up 25.6% year on year. Operating Profit for Q4FY25 was Rs 1,314 Crs, up 21.8% Q-o-Q and 45.6% Y-o-Y. According to the bank, its FY25 RoA was 0.6% as opposed to 0.3% in FY24. RoA for Q4FY25 was 0.7%, as opposed to 0.5% in Q4FY24 and 0.6% in Q3FY25.

Yes Bank said that while its total balance sheet broadened 4.4% YoY, its net advances, which stood at Rs 2,46,188 Crs, climbed 8.1% year on year and 0.6% quarter on quarter. The total balance sheet of Yes Bank increased 4.4% YoY. The bank said that its total deposits had increased by 6.8% YoY and 2.6% QoQ, while its CASA ratio was 34.3% as opposed to 30.9% in Q4FY24 and 33.1% in Q4FY25. Additionally, retail CASA accounts had been established, totaling about 258K in Q4FY25 and 13.15 lacs in FY25.

Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, "The Q4FY25 marked yet another important quarter for YES BANK as it continued to make steady improvements across several key metrics and progressed well on the strategic objective of improving its profitability. The Bank exited the year with quarterly RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its Gross NPA and Net NPA ratios to 1.6% and 0.3% respectively - lowest levels since Mar'20, d) Brought down the net carrying value of Security Receipts to 'NIL' and e) Furthered expanded the CASA ratio by 340 bps Y-o-Y to 34.3% in FY25."

"YES BANK's core franchise has gained significant momentum and is quite well placed to continue to thrive. The Bank remains disciplined and focused on its execution with its strategy and actions remain fully anchored around further improving its Positioning and Profitability.By going live with seamless collection facility for GST, the Bank added another important solution for its existing as well as prospective customers and augmented its Digital and Tech Capabilities. Highest ratings by S&P and CDP reaffirmed our commitment to responsible banking," Prashant Kumar added further.

As of March 31, 2025, the bank's GNPA ratio was 1.6%, up from 1.6% in Q3FY25 and 1.7% in Q4FY24. Meanwhile, the NNPA ratio had improved to 0.3%, up from 0.5% in the previous quarter and 0.6% in Q4FY24. Gross slippages for Yes Bank in Q4FY25 were Rs 1,223 Crs, as opposed to Rs 1,348 Crs in Q3FY25. Gross slippages stood at Rs 5,090 Crs for FY25 compared to Rs 5,334 Crs for FY24.