YES BANK =FIRST QUARTER -Q1 FY 2011 RESULTS = NET PROFIT UP 56.3% = FUTURE PROMISING

YES BANK

Q1 FY2011

RESULTS COMPARISON

YES BANK has performed well in Q1 FY2011.

Interest on Advances   at Rs.558 cr is up by 41.5% compared to  Rs.394Cr in Q1 FY2010. On proportionate basis, it is also up by 26% compared to Rs.1772 Cr of FY2010.

Income on Investments        at Rs.177 Cr is up by 26.2% compared to Rs.140 Cr in Q1 FY2010. On proportionate basis, it is up by 20.6% from FY2010”s figures of  Rs.586 Cr.

Total Income at Rs.883 Cr is up by 28.4% compared to Rs.       688 Cr in Q1 FY2010 and by 19.9% compared to FY2010’s Rs.2945 Cr.(proportionately)

Operating Profit at Rs.249 Cr is up by 25.9% from Rs.198 Cr in Q1 FY2010 and by 15.3%(Propor) to Rs.863 Cr in FY2010.

Net Profit at Rs.156 Cr is up by 56.3% compared to Rs.100 Cr in Q1 FY2010 and by 30.9%(Propo) to Rs.478 Cr in FY2010.

Basic EPS at Rs.4.59 compared to  Rs.3.37 (+36.2%) in Q1 FY2010 and compared to Rs.15.65 (+17.3% propor) of FY2010.Total EPS for FY2011 can be between18.4 to 20 easily.

Capital Adequacy Ratio is quite high at 16.57, though down from 20.61 as at 2010 end.

% of Gross/Net NPA is quite healthy at 0.04 compared to FY2010’s    0.06.

Return on Assets at 1.62 is quite healthy.

It has an excellent vision for future – for expanding products and branches both.

Current Market price is Rs.300. The PE Ratio, on the basis of FY2011 EPS of around 18.4 ( likely ) – is 16.2 .

It is a good share to acquire for medium to long term.     

RESULTS IN FIGURES :

YESBANK	Jun-10	Mar-10	Dec-09	Sep-09	Jun-09	Dif&1	FY2010	dif%2
Interest on Advances	55788	49003	47062	41647	39438	41.5	177150	26
Income on Investments	17658	17182	15083	12473	13996	26.2	58589	20.6
Income on RBI Balances	292	186	362	179	142	105.6	869	34.4
Others	181	89	129	-1608	689	-73.7	363	99.4
Interest Earned	73919	66460	62636	52691	54265	36.2	236971	24.8
Other Income	14384	16014	12780	15158	14520	-0.9	57553	0
Total Income	88303	82474	75416	67849	68785	28.4	294524	19.9
Interest Expended	47709	42043	41544	36696	37893	25.9	158176	20.6
Employees Cost	8123	7084	6271	6218	6116	32.8	25689	26.5
Other Optg Expenses	7576	7590	5985	5754	4997	51.6	24326	24.6
Operating Expenses	15699	14674	12256	11972	11113	41.3	50015	25.6
Operating Profit	24895	25757	21616	19181	19779	25.9	86333	15.3
Provisions	1256	4256	2538	2337	4553	-72.4	13684	-63.3
P B T	23639	21501	19078	16844	15226	55.3	72649	30.2
Tax Expense	8002	7498	6485	5673	5219	53.3	24875	28.7
P A T	15637	14003	12593	11171	10007	56.3	47774	30.9
Net Profit	15637	14003	12593	11171	10007	56.3	47774	30.9
Face Value.Rs.	10	10	10	10	10	0	10
Paid-up Equity	34102	33967	30027	29817	29708	14.8	33967
Reserves	-	-	-	-	-		274988
Dividend (%)	-	15	-	-	-		15
Capital Adequacy Ratio	16.57	20.61	16.19	17.25	17.63	-6	20.61
Basic EPS B EI	4.59	4.25	4.2	3.76	3.37	36.2	15.65	17.3
Diluted EPS B EI	4.41	4.07	4.04	3.68	3.33	32.4	14.87	18.6
Basic EPS A EI	4.59	4.25	4.2	3.76	3.37	36.2	15.65	17.3
Diluted EPS A EI	4.41	4.07	4.04	3.68	3.33	32.4	14.87	18.6
a) Gross/Net NPA	1109	1299	1617	1256	3037	-63.5	1299	241.5
b) % of Gross/Net NPA	0.04	0.06	0.09	0.08	0.24	-83.3	0.06	166.7
c) Return on Assets	1.62	1.7	1.8	1.86	1.8	-10	1.61
Public Shareholding (%)	72.95	72.84	69.28	68.73	69.12	5.5	72.84

OTHER NEWS

YES BANK successfully raised Rs. 10,338.75 million (USD 225 million) in January 2010 by way of Qualified Institution Placement . The bank issued 38.36 million shares at Rs 269.5 to marquee investors across the globe.

Tier I & Tier II Placements : Successfully raised

 _ Rs. 820 million of Hybrid Tier I debt Capital Raising – FY10 Shareholding (*) 8 through private placement in Q4FY10.

_ Rs. 3,000 million of subordinated Lower Tier II debt through private placement during anuary 2010 in Q4FY10 _ Rs 2,600 million of Lower Tier II debt through private placement in Q2FY10

_ USD 20 million(Rs. 930 million) of Upper Tier II Debt from Proparco, the private sector investment arm of Agence Française de Dévelopement (AFD), the leading French multilateral development finance agency

ANNOUNCEMENTS

TO EXCHANGE

21-07-2010        Yes Bank Limited has informed the Exchange regarding a press release dated July 21, 2010 , titled "Net Profit of Rs.156.4 crore in Q1FY11; highest ever since inception (56.3% y-o-y) Loan growth of 107.2% y-o-y , Deposit growth of 97.1% y-o-y Net Interest Income up 67.1% at Rs.262.1 Crore". 

21-07-2010        Yes Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Interest earned of Rs. 73919 lacs for the quarter ending on 30-JUN-2010 against Rs. 54265 lacs for the quarter ending on 30-JUN-2009. Interest expended of Rs. 47709 lacs for the quarter ending on 30-JUN-2010 against Rs. 37893 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 15637 lacs for the quarter ending on 30-JUN-2010 against Rs. 10007 lacs for the quarter ending on 30-JUN-2009.

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