Yes Bank declines after Q2 results

Yes Bank fell 7.45% to Rs 307 at 9:38 IST on BSE after net profit rose 25.1% to Rs 1002.73 crore on 21.4% growth in total income to Rs 6048.78 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 26 October 2017.

Meanwhile, the S&P BSE Sensex was up 40.61 points, or 0.12% to 33,187.74.

On the BSE, 10.59 lakh shares were traded in the counter so far, compared with average daily volumes of 3.48 lakh shares in the past one quarter. The stock had hit a high of Rs 310 and a low of Rs 299 so far during the day. The stock hit a 52-week high of Rs 383.25 on 21 September 2017. The stock hit a 52-week low of Rs 218.25 on 26 December 2016.

The stock had underperformed the market over the past one month till 26 October 2017, falling 6.13% compared with 6.38% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 10.06% as against Sensex's 2.59% rise. The scrip had outperformed the market in past one year, rising 32.23% as against Sensex's 18.74% rise.

The large-cap company has equity capital of Rs 458.14 crore. Face value per share is Rs 2.

Yes Bank's gross non-performing assets (NPAs) stood at Rs 2720.34 crore as on 30 September 2017 as against Rs 1364.38 crore as on 30 June 2017 and Rs 916.68 crore as on 30 September 2016.

The ratio of gross NPAs to gross advances stood at 1.82% as on 30 September 2017 as against 0.97% as on 30 June 2017 and 0.83% as on 30 September 2016. The ratio of net NPAs to net advances stood at 1.04% as on 30 September 2017 as against 0.39% as on 30 June 2017 and 0.29% as on 30 September 2016. The bank's provisions and contingencies surged 176.52% to Rs 447.06 crore in Q2 September 2017 over Q2 September 2016.

Referring to the Reserve Bank of India (RBI)'s risk-based supervision exercise for the financial year ended March 2017 (FY 2017), the bank said the central bank assessed its gross NPAs as of March-end 2017 at Rs 8373.80 crore against Rs 2018.60 crore reported by the bank.

The central bank has assessed the NPA provisioning for FY 2017 at Rs 2482.10 crore against Rs 946.30 crore reported by the bank.

The adjusted (notional) net profit for FY 2017 after taking into account the divergence in provisioning is Rs 2316.10 crore against Rs 3330.10 crore reported by the bank.

Yes Bank, India's fifth largest private sector bank, offers comprehensive banking and financial solutions to its customers.

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