YES Bank Q3 results: Earnings preview, key things to watch, share price targets & more
YES Bank is set to announce its unaudited standalone and consolidated results for quarter and nine months ended on December 31, 2024 on Saturday, January 25.
- Jan 24, 2025,
- Updated Jan 24, 2025 8:22 AM IST
YES Bank is set to announce its earnings for the December 2024 quarter on Saturday, January 25, 2025. The private lender, in an exchange filing earlier this month, announced the date for its unaudited standalone and consolidated results for quarter and nine months ended on December 31, 2024.
YES Bank is likely to deliver a double digit growth in net interest income (NIIs) on yearly basis, while sequential growth may remain flat. Net profit is seen more than doubling on a YoY comparison, while sequential growth is seen largely muted. net interest margins (NIMs) may contract marginally, said analysts.
Kotak Institutional Equities expects net interest income (NIIs) to come in at Rs 2,219.2 crore, up 10 per cent YoY and flat on a sequential basis. Pre-provision profit (PPOP) is seen at Rs 1,024.8 crore, up 18.6 per cent YoY and 5.1 per cent QoQ. PAT is seen at Rs 512 crore, up 121.4 per cent YoY but down 7.4 per cent QoQ. NIMs may contract marginally to 2.7 per cent for the quarter.
"We expect a muted NII growth led by slower loan growth and mix change. The bank is a bit more cautious in select segments of the retail portfolio. We expect NIM at 2.4 per cent, but there is likely to be a lot of volatility, given the nature of income booked when security receipts mature and impact of RIDF investments. We should see steady traction on recovery and upgrades in 3QFY25. The focus is shifting toward rebuilding the business for the bank," Kotak added, which has a 'sell' rating on the stock.
Emkay Financial Services is penciling NIIs to come in at Rs 2,268.5 crore in Q3FY25, up 12.5 per cent YoY and 3.1 per cent QoQ. PPOP is seen at Rs 986 crore, rising 14.2 per cent QoQ, but flat on sequential basis. PAT is likely to come in at Rs 559.4 crore, up 142.3 per cent YoY and 1.1 per cent QoQ in the given quarter.
"We expect earnings to remain flat QoQ due to flat margins, while slippages would remain flat QoQ, albeit elevated," said Emkay, who has a 'sell' rating on the stock with a target price of Rs 16.
Anand Rathi Shares & Stock Brokers, which also has a 'sell' rating on the stock, sees NIIs at Rs 2,245.6 crore in the third quarter of current fiscal, up 11.3 per cent YoY and 2.1 per cent sequentially. PPOP is likely to come in at Rs 1,002.8 crore, up 16.1 per cent YoY and 2.8 per cent QoQ. Net profit is penciled at Rs 535.5 crore, rising 131.3 per cent YoY but down 3.2 per cent QoQ.
YES Bank is set to announce its earnings for the December 2024 quarter on Saturday, January 25, 2025. The private lender, in an exchange filing earlier this month, announced the date for its unaudited standalone and consolidated results for quarter and nine months ended on December 31, 2024.
YES Bank is likely to deliver a double digit growth in net interest income (NIIs) on yearly basis, while sequential growth may remain flat. Net profit is seen more than doubling on a YoY comparison, while sequential growth is seen largely muted. net interest margins (NIMs) may contract marginally, said analysts.
Kotak Institutional Equities expects net interest income (NIIs) to come in at Rs 2,219.2 crore, up 10 per cent YoY and flat on a sequential basis. Pre-provision profit (PPOP) is seen at Rs 1,024.8 crore, up 18.6 per cent YoY and 5.1 per cent QoQ. PAT is seen at Rs 512 crore, up 121.4 per cent YoY but down 7.4 per cent QoQ. NIMs may contract marginally to 2.7 per cent for the quarter.
"We expect a muted NII growth led by slower loan growth and mix change. The bank is a bit more cautious in select segments of the retail portfolio. We expect NIM at 2.4 per cent, but there is likely to be a lot of volatility, given the nature of income booked when security receipts mature and impact of RIDF investments. We should see steady traction on recovery and upgrades in 3QFY25. The focus is shifting toward rebuilding the business for the bank," Kotak added, which has a 'sell' rating on the stock.
Emkay Financial Services is penciling NIIs to come in at Rs 2,268.5 crore in Q3FY25, up 12.5 per cent YoY and 3.1 per cent QoQ. PPOP is seen at Rs 986 crore, rising 14.2 per cent QoQ, but flat on sequential basis. PAT is likely to come in at Rs 559.4 crore, up 142.3 per cent YoY and 1.1 per cent QoQ in the given quarter.
"We expect earnings to remain flat QoQ due to flat margins, while slippages would remain flat QoQ, albeit elevated," said Emkay, who has a 'sell' rating on the stock with a target price of Rs 16.
Anand Rathi Shares & Stock Brokers, which also has a 'sell' rating on the stock, sees NIIs at Rs 2,245.6 crore in the third quarter of current fiscal, up 11.3 per cent YoY and 2.1 per cent sequentially. PPOP is likely to come in at Rs 1,002.8 crore, up 16.1 per cent YoY and 2.8 per cent QoQ. Net profit is penciled at Rs 535.5 crore, rising 131.3 per cent YoY but down 3.2 per cent QoQ.