Yes Bank Limited
NSE Symbol YESBANK
YES Bank has declared EXCELLENT RESULTS for Q2 FY2011.
Interest/Discount on Advances/Bills has grown well to Rs.725.15 Cr – up by 29.98% from previous Qtr and by a very good 74.12% from corresponding Qtr.
Income on Investments has also grown well to Rs.224.46 Cr – up by 27.12% from previous Qtr and by a good 79.96% from corresponding Qtr.
Total Interest Earned has grown to a healthy Rs.953.79 Cr - up by 29.03% from previous Qtr and by an excellent 81.02% from corresponding Qtr.
Other Income has however come down to Rs.131 Cr – down by 8.93% from Previous Qtr and down by 13.58% from corresponding Qtr.
Total Income has therefore grown to Rs.1084.79 Cr – up by 22.85% from Previous Qtr and up by 59.88% from corresponding Qtr.
However, Interest Expended has also grown to Rs.640.63 Cr – up by 34.28% from Previous Qtr and by 74.58% from corresponding Qtr.
Operating Profit has grown to Rs.281.41 Cr – up by 13.04% from Previous Qtr and by 46.71% from corresponding Qtr.
Provisions is Rs.17.44 cr – up by 38.85% from previous Qtr but down by 25.37% from corresponding Qtr.
Tax Expense is Rs.87.71 Cr – up by 9.61% from Previous Qtr and by 54.61% from Corresponding Qtr.
Net Profit is Rs.176.26 Cr – up by 12.72% from Previous Qtr and by a GOOD 57.78% from corresponding Qtr.
Paid-up Equity is Rs.345.25 cr – up by 1.24% from Previous Qtr and by 15.79% from corresponding Qtr.
Capital Adequacy Ratio is 19.43 – up from 16.57 of previous Qtr end and from 17.25 of corresponding Qtr end. Yes Bank is thus one of the very few Banks which are very near to a CAR of 20. This indicates good capacity for lending in future. The loan Book of Yes Bank could see huge upside in coming months.
% of Gross/Net NPA is very healthy at 0.06.
Return on Assets is also very healthy at 1.52.
Basic EPS is Rs.5.13 – up from Rs.4.59 in previous Qtr and from Rs.3.76 in corresponding Qtr. At this rate, the annual EPS will be around Rs.21.At the current price of Rs.353, THE PE Ratio is 16.81.
The EPS could see good upside in coming quarters based on increasing loan Book. At this Rate of progress, Yes Bank has a lot of Potential for upside from its current price.
RESULTS IN FIGURES:
| Yes Bank | 30-Sep-10 | 30-Jun-10 | Dif% 1 | 30-Sep-09 | Dif % 2 |
| Interest/Discount on Advances/Bills | 72515 | 55788 | 29.98 | 41647 | 74.12 |
| Income on Investments | 22446 | 17658 | 27.12 | 12473 | 79.96 |
| Income on Balances With RBI | 282 | 292 | -3.42 | 179 | 57.54 |
| Others | 136 | 181 | -24.86 | -1608 | -108.46 |
| Interest Earned | 95379 | 73919 | 29.03 | 52691 | 81.02 |
| Other Income | 13100 | 14384 | -8.93 | 15158 | -13.58 |
| Total Income | 108479 | 88303 | 22.85 | 67849 | 59.88 |
| Interest Expended | 64063 | 47709 | 34.28 | 36696 | 74.58 |
| Employees Cost | 8776 | 8123 | 8.04 | 6218 | 41.14 |
| Other Opertg Expenses | 7499 | 7576 | -1.02 | 5754 | 30.33 |
| Operatg Expenses | 16275 | 15699 | 3.67 | 11972 | 35.94 |
| Operating Profit | 28141 | 24895 | 13.04 | 19181 | 46.71 |
| Provisions | 1744 | 1256 | 38.85 | 2337 | -25.37 |
| Profit before tax | 26397 | 23639 | 11.67 | 16844 | 56.71 |
| Tax Expense | 8771 | 8002 | 9.61 | 5673 | 54.61 |
| Net Profit After Tax | 17626 | 15637 | 12.72 | 11171 | 57.78 |
| Net Profit | 17626 | 15637 | 12.72 | 11171 | 57.78 |
| Face Value | 10 | 10 | 0 | 10 | 0 |
| Paid-up Equity | 34525 | 34102 | 1.24 | 29817 | 15.79 |
| Capital Adequacy Ratio | 19.43 | 16.57 | 17.26 | 17.25 | 12.64 |
| Basic EPS | 5.13 | 4.59 | 11.76 | 3.76 | 36.44 |
| Diluted EPS | 4.92 | 4.41 | 11.56 | 3.68 | 33.7 |
| Gross/Net NPA | 1716 | 1109 | 54.73 | 1256 | 36.62 |
| % of Gross/Net NPA | 0.06 | 0.04 | 50 | 0.08 | -25 |
| Return on Assets | 1.52 | 1.62 | -6.17 | 1.86 | -18.28 |
| Public Shareholding (%) | 73.28 | 72.95 | 0.45 | 68.73 | 6.62 |
ANNOUNCEMENTS
TO THE EXCHANGE
20-10-2010 Yes Bank Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2010 as follows: Interest earned of Rs. 95379 lacs for the quarter ending on 30-SEP-2010 against Rs. 52691 lacs for the quarter ending on 30-SEP-2009. Interest expended of Rs. 64063 lacs for the quarter ending on 30-SEP-2010 against Rs. 36696 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 17626 lacs for the quarter ending on 30-SEP-2010 against Rs. 11171 lacs for the quarter ending on 30-SEP-2009.
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