Yes Bank extends gain after declaring robust Q1 result

Yes Bank advanced 2.52% to Rs 814.70 at 13:45 IST on BSE after net profit rose 27.72% to Rs 551.20 crore on 22.75% growth in total income to Rs 3797.02 crore in Q1 June 2015 over Q1 June 2014.

The result was announced during trading hours today, 29 July 2015.

Meanwhile, the BSE Sensex was up 76.65 points, or 0.28%, to 27,535.88

On BSE, so far 5.54 lakh shares were traded in the counter, compared with an average volume of 3.24 lakh shares in the past one quarter.

The stock hit a high of Rs 819.30 and a low of Rs 796.50 so far during the day. The stock hit a record high of Rs 910 on 4 March 2015. The stock hit a 52-week low of Rs 516.55 on 8 August 2014.

The stock had underperformed the market over the past one month till 28 July 2015, falling 6.55% compared with Sensex's 1.27% decline. The scrip also underperformed the market in past one quarter, sliding 3.76% as against Sensex's 0.23% gain.

The large-cap private sector bank has an equity capital of Rs 418.11 crore. Face value per share is Rs 10.

Yes Bank's net interest income rose 42.2% to Rs 1059.8 crore in Q1 June 2015 over Q1 June 2014.

Yes Bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.13% as on 30 June 2015 compared with 0.41% as on 31 March 2015 and 0.33% as on 30 June 2014. The ratio of gross NPAs to gross advances stood at 0.46% as on 30 June 2015 as against 0.41% as on 31 March 2015 and 0.33% as on 30 June 2014.

The bank's Capital Adequacy Ratio (CAR) as per Basel III stood at 15% as on 30 June 2015 as against 15.6% as on 31 March 2015 and 18% as on 30 June 2014.

The bank's specific loan loss provision coverage was at 71% as at 30 June 2015.

Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, Yes Bank said that bank posted another satisfactory quarter of consistent results, which is reflected in strong loan growth, NIM expansion and continued resilience in asset quality.

Yes Bank is India's fifth largest private sector bank. The bank has total branch network of 662 branches as on 30 June 2015, an addition of 32 branches in Q1 June 2015. Total ATM network stood at 1,277 as on 30 June 2015.

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