Yes Bank : Q1 2024 Financial Quarterly Report : YoY Revenue Up 19.86 %, QoQ Up 3.59 %

The comprehensive analytics outlining the performance and outlook of Yes Bank Ltd.”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Yes Bank Ltd.’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 19.86 %. However, it did see a marginal increase of 3.59 % from the previous quarter. Interest expenses surged remarkably by 3.32 % from the previous quarter, yet the year-over-year increase remains at a moderate 23.29 %. Expenses decreased slightly by -15.56 % quarter-on-quarter, aligning with the annual rise of 3.46 %.
Financing profit, while up 20.46 % compared to last year, faced a quarter-on-quarter increase of 51.28 %, signaling a short-term expansion in margins. The Financing Margin % echoes this narrative, showing resilience on an annual basis with an increase of 3.81 %, but an expansion of 8.46 % sequentially. Other income fell by -22.59 % compared to the last quarter, despite an annual growth of 6.63 %. Profit before tax grew annually by 49.38 % but saw an increase from the preceding quarter by 53.24 %. Tax expenses as a percentage of profits increased slightly by 0.27 % compared to last year, With a more notable quarter-on-quarter increase of 28.97 %.
Net profit rose by 48.84 % year-on-year, but experienced a 10.42 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 41.67 % but a quarterly rise of 6.25 %. The Gross NPA% illustrates a promising trend with a quarterly rise of 0 % and an annual boost of 1.68 %, signaling robust recovery strategies and a strengthening credit environment. In contrast, the Net NPA% exposes underlying challenges, showing a quarterly decrease of -0.1 % and an annual growth of 0.49 %, signaling enhanced asset quality and stronger risk management. In summary, Yes Bank Ltd.’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Yes Bank Ltd.’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 19.86 % year-on-year growth, however, there was a minor increase of 3.59 % from the previous quarter. Interest expenses climbed by 3.32 % quarterly and sharply by 23.29 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 3.46 % compared to the previous year, with a decrease of -15.56 % quarter-on-quarter. Financing Profit surged by 20.46 % annually, and saw a 51.28 % increase from the last quarter.
Net Profit showed yearly increase of 48.84 %, and experienced a 10.42 % increase from the previous quarter. Earnings Per Share (EPS) rose by 41.67 % annually, however rose by 6.25 % compared to the last quarter. Gross NPA% increased slightly by 0 % quarterly and rose by 1.68 % annually, indicating growing challenges in asset quality. Net NPA% worsened by -0.1 % quarterly and increased by 0.49 % annually, indicating challenges in recovery and risk management strategies. In essence, while Yes Bank Ltd. exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.