FY12 net also jumps 34% to Rs 977 cr
Leading private sector lender YES Bank registered a 33% jump in net profit at Rs 272 crore for the quarter ended March 2012. In the same period a year ago the lender posted net profit of Rs 204 crore.
Total income also sprang 45.5% to Rs 2,051.4 crore from Rs 1,409.3 crore in March 2011. Other income too increased 42.2% to Rs 266 crore as against Rs 187 crore in March 2011.
Net interest income, the difference between interests earned and paid, grew 30% to Rs 448 crore.
On quarterly basis, the gross non-performing assets increased to 0.22% from 0.2% in December 2011.
For the financial year ended March 2012, the lender posted a 34.3% jump in net profit at Rs 977 crore as compared to Rs 727 crore in March 2011.
Total income also increased 53.5% to Rs 7,164.4 crore as against Rs 4,665 crore in the previous financial year.
The lender's board approved fundraising of $500 million through equity.
The bank announced a final dividend of Rs 4 per share.
The bank's scrip on BSE was trading 2% up at Rs 367.
Consolidated net sales of the company rose by 38% to Rs 2,465.9 cr