YES Bank logs Rs 2,629 cr net profit in Q4 on one-time gain; stk jumps 20%

The earnings were better than what most of the analysts had expected. Kotak Securities, for instance, estimated the private lender to log net loss at Rs 4,404.4 crore in the quarter under review

Shares of YES Bank surged 20 per cent to Rs 31.36 on the BSE in the intra-day deals on Thursday after the private lender reported better-than-expected March quarter (Q4FY20) results. A combined 39.39 million shares have changed hands on the counter on the NSE and BSE till 10:00 am.

At 10:38 am, the stock pared its gains and was trading 9 per cent higher at Rs 28.75 apiece on the BSE. In comparison, the S&P BSE Sensex was at 31,522.31 levels, down 163.44 points or 0.52 per cent.
 

For the recently concluded quarter, YES Bank posted a net profit