YESBANK

- Yes Bank Q3 FY26 results: Net profit jumps 55% YoY to Rs 952 crore; asset quality, margins improve

Yes Bank Q3 FY26 results: Net profit jumps 55% YoY to Rs 952 crore; asset quality, margins improve -

Yes Bank on Saturday reported a strong improvement in profitability for the third quarter of FY26, with standalone net profit rising 55.4 percent year-on-year to Rs 952 crore, aided by higher net interest income, improved margins, lower credit costs and a sharp improvement in asset quality. The private sector lender’s net profit also rose 45.4 percent sequentially from Rs 654 crore in the July-September quarter. Excluding the one-time impact of higher gratuity provisions following changes under the new labour codes, profit after tax stood at Rs 1,068 crore, up 74.4 percent on year, the bank said in a statement filed with the stock exchanges. Net interest income (NII) for the quarter rose 10.9 percent year-on-year and 7.2 percent quarter-on-quarter to Rs 2,466 crore, supported by a steady improvement in margins and a lower cost of funds. Net interest margin (NIM) improved to 2.6 percent, compared with 2.4 percent a year earlier and 2.5 percent in the previous quarter. Non-interest income increased 8 percent year-on-year to Rs 1,633 crore, led by growth in core fee income, which rose nearly 10 percent from a year earlier. Fee growth was driven by card fees, loan processing charges and higher income from third-party products such as insurance and investment distribution, according to the presentation. Operating profit for the quarter stood at Rs 1,234 crore, up 14.3 percent year-on-year. Excluding the gratuity impact, operating profit rose 28.7 percent to Rs 1,389 crore, reflecting tight cost control despite a rise in reported operating expenses. The cost-to-income ratio, adjusted for the gratuity impact, improved to 66.1 percent from 71.1 percent in the year-ago quarter. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24