Yes Bank gains in volatile trade after declaring robust Q3 result

Yes Bank rose 0.13% to Rs 783.05 at 12:15 IST on BSE after net profit surged 30% to Rs 540.29 crore on 20.89% growth in total income to Rs 3508.47 crore in Q3 December 2014 over Q3 December 2013.

The Q3 result was announced during market hours today, 14 January 2015.

Meanwhile, the S&P BSE Sensex was down 86.38 points or 0.31% at 27,339.35

On BSE, so far 3.79 lakh shares were traded in the counter as against average daily volume of 2.57 lakh shares in the past one quarter.

The stock was volatile. The stock hit a high of Rs 793.55 and low of Rs 776.75 so far during the day. The stock had scaled a record high of Rs 804.50 on 5 January 2015. The stock had hit a 52-week low of Rs 292.10 on 4 February 2014.

The stock had outperformed the market over the past one month till 13 January 2015, rising 11.75% compared with 0.27% rise in the Sensex. The scrip had also outperformed the market in past one quarter, surging 33.57% as against Sensex's 3.95% rise.

The large-cap bank has equity capital of Rs 417.26 crore. Face value per share is Rs 10.

Yes Bank said that growth in Q3 December 2014 net profit was driven by robust growth in net interest income (NII) and net interest margin (NIM) expansion to 3.2% in Q3 December 2014 from 2.9% in Q3 December 2013.

Yes Bank's net interest income (NII) rose 36.6% to Rs 909 crore in Q3 December 2014 over Q3 December 2013 on back of steady growth in advances. Non interest income rose 38.4% to Rs 536.80 crore in Q3 December 2014 over Q3 December 2013.

The bank's ratio of gross NPAs to gross advances stood at 0.42% as on 31 December 2014, compared with 0.36% as on 30 September 2014 and 0.39% as on 31 December 2013.

The bank's ratio of net non-performing assets (NPAs) to net advances stood at 0.1% as on 31 December 2014, compared with 0.09% as on 30 September 2014 and 0.08% as on 31 December 2013.

The bank's Capital Adequacy Ratio (CAR) stood at 16.7% as on 31 December 2014, compared with 17.4% as on 30 September 2014 and 16.1% as on 31 December 2013.

The bank's specific loan loss provision coverage stood at 76.8% as at 31 December 2014.

Commenting on the results and financial performance, Rana Kapoor, Managing Director & CEO, Yes Bank said, Yes Bank continued its focus on building granularity in deposits demonstrated by retail deposit contribution of 45.4% as on 31 December 2014. He further added that, with an improving public policies and macroeconomic environment, Yea Bank is well poised to capture growth as demonstrated by 32.4% growth in advances in this quarter, resulting in increasing market share in Indian Banking.

Yes Bank's total branch and ATM network stood at 600 branches and 1,156 ATMs. The bank added 83 branches over 31 December 2013.

Yes Bank is one of the leading private sector banks in India.

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