Yes Bank's net profit for the fourth quarter rose to ₹451 crore, a 123% increase: With net interest income of ₹2,153 crore, the bank's shares saw a 65% annual return.

Yes Bank, a private lender, disclosed its Q4FY24 results on Saturday, April 27, which corresponds to the fourth quarter of the 2024 fiscal year. The bank's net profit climbed by 123% on an annual basis (YoY) to ₹451 crore in the January-March quarter.

The company's net profit for the same quarter (Q4FY23) previous year was ₹202 crore. Net interest income (NII) for the bank climbed to Rs 2153 crore in the fourth quarter, a 2% YoY increase. In the same quarter of the previous year, it was Rs 2105 crore.

In the fourth quarter, gross non-performing assets were 1.7% of total assets.

The fourth quarter's gross non-performing (NPA) assets were 1.7%, down from 2.2% during the same period the previous year. However, on a year-over-year (YoY) basis, net NPA improved during the March quarter, going from 0.80% to 0.60%. In Q4FY24, gross slippages were Rs 1,356 crore as opposed to Rs 1,233 crore in Q3FY24.

To ₹ 2.6 lakh crore, the bank's total deposits climbed by 22.5%.

The bank's net advances in the fourth quarter rose to ₹ 2.27 lakh crore, a 13.8% year-over-year gain. Simultaneously, the bank's total deposits rose to Rs 2.6 lakh crore, an annual rise of 22.5%.

The bank has a 30.9% CASA ratio and a 2.4% net interest margin. In the March quarter, the bank's CASA ratio was 30.9%, compared to 30.8% in the corresponding period of the previous year. The bank's net interest margin dropped to 2.4% on an annual basis in the fourth quarter. In the March quarter of the previous year, it was 2.8%.

The loan advances made by Yes Bank in the fourth quarter rose by 12.1% year over year, while the bank's provisions for the March quarter decreased by 23.7% year over year to Rs 470.8 crore. The previous quarter saw a sharp rise in provisions. Yes Bank's loan volume climbed by 12.1% year over year in the fourth quarter.

In a single year, the shares of Yes Bank yielded a 65.92% return.

The day before the results, on Friday, Yes Bank's stock closed at Rs 26.05, up 0.39%. As a result, the bank's market value has increased to Rs 78.54 trillion.

In the past month, the bank's shares have risen by roughly 12.28%. The last six months have seen a 63.32% gain in its share. It provided investors with returns of 65.92% over the past year.