YES Bank Q4FY25: posted Net Profit at INR 738 Crores up 63.3% Y-o-Y

Key Highlights
+ FY25 Net Profit at INR 2,406 Crs up 92.3% Y-o-Y. Net Profit for Q4FY25 at INR 738 Crs up 63.3% YoY & 20.6% Q-o-Q.

• NIM for Q4FY25 at 2.5% trending upward Q-o-Q. NIM for FY25 stable at 2.4%

• Non-Interest Income for FY25 at INR 5,857 Crs up 14.5% Y-o-Y.

• NIL shortfalls in PSL Compliance in FY25; Mandated deposits in lieu of PSL Shortfalls reduced to 8.7% as of FY25 from ~11% of Total Assets as at Mar’24,

• Q4FY25 Cost-to-income Ratio Sequentially lower for fourth successive quarter at 67.3% v/s. 75.8% (Q4FY24) and 71.1% (Q3FY25)

• Q4FY25 RoA at 0.7% v/s. 0.5% in Q4FY24 & 0.6% in Q3FY25. FY25 RoA at 0.6% v/s. 0.3% in FY24.

Balance Sheet momentum sustains with effective execution in line with strategic objectives.\

• Sustained Deposit accretion (up 6.8% Y-o-Y and 2.6% Q-o-Q) and improvement in CASA Ratio (up 120 bps Q-o-Q and 340 bps Y-o-Y) to 34.3%

• Net Advances Growth at 8.1% Y-o-Y & 0.6% Q-o-Q aided by strong growth momentum in SME and Mid Corporate Advances (at 23.6% & 21.8% Y-o-Y respectively)

• AYB2 Deposits grew 16.0% Y-o-Y; Stronger Y-o-Y growth in CA Deposits at 20.5% and SA Deposits at 32.1%

• Retail & Branch Banking led Deposits growth at 17.9% Y-o-Y and 3.2% Q-o-Q

+ Significant improvement in Asset Quality metrics, Provision Coverage Ratio; Fresh Slippages Improving Sequentially GNPA at 1.6%, NNPA at 0.3%, PCR improved to 79.7%

+ Resolution momentum continues to be strong with Total recoveries and upgrades at INR 1,480 Crs in Q4FY25 and INR 5,923 Crs in FY25

+ Restructured advances lowest ever at INR 424 Crs (0.2% of Advances)

+ Net Carrying Value of Security Receipts – NIL.

+ YES BANK gets authorized by Government of India for Direct and Indirect Taxes Collection

- Goes live with seamless GST payment facility for customers as well as non-customers.

+ S&P Global and CDP rated YES BANK highest- amongst Indian Banks for ESG and climate disclosures - 3rd Year in a row.

*Including redemption of Security Receipts of INR 795 Crs 2 Average Yearly Balance

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Commenting on the results and financial performance, Mr. Prashant Kumar, Managing Director & CEO, YES BANK said, “The Q4FY25 marked yet another important quarter for YES BANK as it continued to make steady improvements across several key metrics and progressed well on the strategic objective of improving its profitability. The Bank exited the year with quarterly RoA of 0.7%, b) achieved 100% PSL compliance, c) further improved its Gross NPA and Net NPA ratios to 1.6% and 0.3% respectively – lowest levels since Mar’20, d) Brought down the net carrying value of Security Receipts to ‘NIL’ and e) Furthered expanded the CASA ratio by 340 bps Y-o-Y to 34.3% in FY25.

YES BANK’s core franchise has gained significant momentum and is quite well placed to continue to thrive. The Bank remains disciplined and focused on its execution with its strategy and actions remain fully anchored around further improving its Positioning and Profitability.By going live with seamless collection facility for GST, the Bank added another important solution for its existing as well as prospective customers and augmented its Digital and Tech Capabilities. Highest ratings by S&P and CDP reaffirmed our commitment to responsible banking”.

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Yes Bank Profit and Loss

• Q4FY25 NII at INR 2,276 Crs up 5.7% Y-o-Y and 2.4% Q-o-Q.NII for FY25 at INR 8,944 Crs, up 10.5% Y-o-Y

• NIM for Q4FY25 at 2.5% vs 2.4% in Q4FY24. NIM for FY25 at 2.4%.

• FY25 Non-Interest Income at INR 5,857 Crs up 14.5% Y-o-Y. Non-Interest Income for Q4FY25 at INR 1,739 Crs, up 10.9% Y-o-Y and 15.0% Q-o-Q.

• Operating Costs at INR 2,701 Crs down 4.2% Y-o-Y. PSLC costs incurred during the quarter aggregated to INR 97 Crs v/s. INR 254 crs in Q4FY24. Excluding PSLC cost,

             -  Opex for Q4FY25 grew 1.5% Y-o-Y
             -  FY25 Opex grew 8.2% Y-o-Y v/s. 12.1% Y-o-Y growth in Total Income

• FY25 Operating Profit at INR 4,254 Crs up by 25.6% Y-o-Y. Q4FY25 Operating Profit at INR 1,314 Crs up 45.6% Y-o-Y and 21.8% Q-o-Q

• FY25 Non-Tax Provision Costs at INR 1,086 Crs (0.3% of Assets) down 42.4% Y-oY. Sequentially, at INR 318 Crs (0.3% of Assets1) down 32.5% Y-o-Y but up 23.0% Q-o-Q.

• Net Profit for Q4FY25 at INR 738 Crs up 63.3% Y-o-Y & 20.6% Q-o-Q. FY25 Net Profit at INR 2,406 Crs up 92.3% Y-o-Y

• Fourth successive quarter of reduction in C/I in line with guidance.

• FY25 RoA at 0.6% v/s. 0.3% in FY24. Q4FY25 RoA at 0.7% v/s. 0.5% in Q4FY24 & 0.6% in Q3FY25. 

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