- Yes Bank has reported a net income of 4.52 billion rupees for the 4th Quarter, which is significantly higher than the 2.02 billion rupees reported in the previous year. The projected estimate was 3.06 billion rupees.
- The bank’s gross non-performing assets have reduced to 1.7% compared to the previous quarter’s 2%.
- There has been a 15% quarterly decrease in provisions, landing at 4.7 billion rupees.
- Operating profit showed a modest year-over-year increase of 1.5%, reaching 9.02 billion rupees. This, however, fell short of the estimated 10.42 billion rupees.
- With a remarkable annual increase of 20%, the interest income stood at 74.5 billion rupees, surpassing the estimated 71.52 billion rupees.
- Interest expense also rose by 29% year-over-year, hitting 52.9 billion rupees, which is also higher than the projected estimate of 50.65 billion rupees.
- Other income saw a dramatic rise, growing 57% year-over-year, and registering 15.7 billion rupees, substantially more than the estimated 14.01 billion rupees.
- According to the ratings, Yes Bank has received 0 buys, 2 holds, and 9 sells.
A look at Yes Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
YES BANK Limited, a banking services provider in India, presents a promising long-term outlook based on its Smartkarma Smart Scores. With a strong Value score of 4, the company demonstrates sound fundamentals and attractive valuation metrics. Additionally, YES BANK shows robust Growth potential with a score of 4, indicating positive prospects for expansion and profitability in the future. Complementing its growth prospects, the company also receives a Momentum score of 4, reflecting strong market momentum and investor interest in its performance.
However, YES BANK faces challenges in terms of Dividend payouts, scoring a 1 in this area. Furthermore, its Resilience score of 2 suggests some vulnerability to external market pressures. Overall, despite certain weaknesses, the company’s favorable scores in Value, Growth, and Momentum point towards a bright long-term outlook for YES BANK Limited in the banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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