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Yes Bank hits 52-week low after dismal Q1 result

Capital Market 

Yes Bank was down 9.75% to Rs 88.85 at 9:23 IST on the BSE after net profit dropped 90.97% to Rs 113.76 crore on 9.87% rise in total income to Rs 9088.80 crore in Q1 June 2019 over Q1 June 2018.

The result was announced after market hours yesterday, 17 July 2019.

Meanwhile, the S&P BSE Sensex was down by 65.12 points or 0.17% to 39,150.52.

On the BSE, 15.08 lakh shares were traded in the counter so far compared with average daily volumes of 97.12 lakh shares in the past two weeks. The stock had hit a 52-week low of Rs 83.7 in intraday trade today, 18 July 2019. The stock hit high of Rs 90.3 so far during the day. It hit a 52-week high of Rs 404 on 20 August 2018.

Yes Bank's gross non-performing assets (NPAs) stood at Rs 12092.10 crore as on 30 June 2019 as against Rs 7882.56 crore as on 31 March 2019 and Rs 2824.46 crore as on 30 June 2018.

The ratio of net NPAs to net advances stood at 2.91% as on 30 June 2019 as against 1.86% as on 31 March 2019 and 0.59% as on 30 June 2018.

Yes Bank's net provisions at Rs 1784 crore in Q1 June 2019 includes one off impact of Rs 1109 crore of investment MTM provision led by rating downgrades of investments in companies of two financial services groups.

Yes Bank is engaged in providing a range of banking and financial services. As on 30 June 2019 branch network stood at 1,122 and ATM network stood at 1,220.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 18 2019. 09:18 IST