YES BANK =Q4 & FY2011 RESULTS = EXCELLENT PERFORMANCE = Q4 NPT UP BY 45.24% YOY; FY 11 NPT UP BY 52.2% YOY

Yes Bank Limited

NSE Symbol     YESBANK

YES BANK has declared excellent Results for the Q4 FY 11 and for FY 2011 as a whole.

Interest on Advances for Q4 FY 11 is Rs.888.34 cr – an increase of 8.63% from the previous qtr of Q3 FY11; and a big increase of 81.28% from the corresponding qtr of Q4 FY 10. On annualized basis (Q4 FY 10 x 4), it is higher than total of FY 11 by 18.88%. FY 11 total is higher than FY 10 by 68.73% . The improvement is quite impressive.

Income on Investments  for Q4 FY 11 is Rs.326.94 cr – up by 9.22% from previous qtr and by a huge 90.28% from Corresponding Qtr. On annualized basis (Q4 FY 11x 4), it is higher than total of FY11 by 27.3%. FY 11 total is higher than FY 10 by 75.34%.

Total Income for Q4 FY 11 is Rs.1409.37 Cr – up by 9.44% from previous qtr and by 70.89% from corresponding Qtr.    On annualized basis, it is higher than total of FY11 by 20.85%. FY 11 total is higher than FY 10 by  58.39%.

Net Interest Income for Q4 FY 11 is Rs.348.50 Cr – up by 7.84% from previous qtr and by 42.73% from corresponding Qtr. On annualized basis, it is higher than total of FY11 by 11.8%. FY 11 total is higher than FY 10 by  58.25%.

Operating Profit   for Q4 FY 11 is Rs.348.77cr – up by 12.05% from previous qtr and by 35.41% from corresponding Qtr. On annualized basis, it is higher than total of FY11 by 17.2%. FY 11 total is higher than FY 10 by  37.88%.

Provisions  for Q4 is Rs.43.26 cr – up by 73.39% from Q3 FY11 and by 1.64% from Q4 FY 10.  For FY 11, total of provisions is Rs.98.21 Cr against Rs.136.84 cr in FY 10.

Profit before tax for Q4 FY 11 is Rs.        305.51 cr – up by 6.71% from previous qtr and by       42.09% from corresponding Qtr. On annualized basis, it is higher than total of FY11 by 11.89%. FY 11 total is higher than FY 10 by 50.34%.

Net Profit  for Q4 FY 11 is Rs.203.38 cr – up by 6.41 from previous qtr and by 45.24% from corresponding Qtr. On annualized basis, it is higher than total of FY11 by 11.88%. FY 11 is higher than FY 10 by 52.2%.

Capital Adequacy Ratio at 16.5 is quite Good.

Basic EPS for Rs.5.86 for Q4 FY11 – against Rs.5.52 in Q3 FY 11; and Rs.4.25 in Q4 FY 10. The total EPS for FY 11 is Rs.21.12, against Rs.15.65 for FY 10.

% of Gross/Net NPA is down to 0.03 from 0.06 earlier.

Return on Assets is impressive at 1.46.

As can be seen from the announcements section, Yes bank is likely to raise Equity shortly, for additional funds.

RESULTS TABLE :

YES BANK	31-Mar-11	31-Dec-10	31-Mar-10	FY 2011	FY 2010
Interest on Advances	88834	81775	49003	298912	177150
Income on Investments	32694	29933	17182	102731	58589
Income on Balances With RBI	599	702	186	1875	869
Others	134	205	89	656	363
Interest Earned	122261	112615	66460	404174	236971
Other Income	18676	16167	16014	62327	57553
Total Income	140937	128782	82474	466501	294524
Interest Expended	87411	80299	42043	279482	158176
NII	34850	32316	24417	124692	78795
Employees Cost	10302	9033	7084	36234	25689
Other Operatng Expenses	8347	8325	7590	31747	24326
Operatng Expenses	18649	17358	14674	67981	50015
Operating Profit	34877	31125	25757	119038	86333
Provisions	4326	2495	4256	9821	13684
Profit before tax	30551	28630	21501	109217	72649
Tax Expense	10213	9518	7498	36504	24875
Net Profit	20338	19112	14003	72713	47774
Face Value	10	10	10	10	10
Paid-up Equity	34715	34678	33967	34715	33967
Capital Adequacy Ratio	16.5	18.22	20.61	16.5	20.61
Basic EPS	5.86	5.52	4.25	21.12	15.65
Diluted EPS	5.68	5.28	4.07	20.25	14.87
Gross/Net NPA	915	1738	1299	915	1299
% of Gross/Net NPA	0.03	0.06	0.06	0.03	0.06
Return on Assets	1.46	1.47	1.7	1.52	1.61
Public holding (%)	73.43	73.4	72.84	73.43	72.84

ANNOUNECEMENTS TO NSE

20-04-2011        the Board of Directors of the Bank at its meeting held on April 20, 2011 empowered the Capital Raising Committee, a sub Committee of the Board, to raise funds by way of issuance of equity capital up to US$ 500 million in one or more tranches on such terms and conditions as it may deem fit. The issuance may be by way of Qualified Institutions Placement (QIP) or any other international offering like Global Depository Receipts (GDRs) / American Depository Receipts (ADRs), or by any other appropriate mode as decided by the Capital Raising Committee.

20-04-2011         recommended the payment of final dividend @ Rs.2.50 per equity share i.e. 25% on equity shares of the Bank and the same will be payable after it is approved by the shareholders at the ensuing Annual General Meeting.

20-04-2011        the standalone Results for the year ended on 31-MAR-2011 as follows: Interest earned of Rs. 404174 lacs for the year ending on 31-MAR-2011 against Rs. 236971 lacs for the year ending on 31-MAR-2010. Interest expended of Rs. 279482 lacs for the year ending on 31-MAR-2011 against Rs. 158176 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 72713 lacs for the year ending on 31-MAR-2011 against Rs. 47774 lacs for the year ending on 31-MAR-2010.

20-04-2011        the standalone Results for the quarter ended on 31-MAR-2011 as follows: Interest earned of Rs. 122261 lacs for the quarter ending on 31-MAR-2011 against Rs. 66460 lacs for the quarter ending on 31-MAR-2010. Interest expended of Rs. 87411 lacs for the quarter ending on 31-MAR-2011 against Rs. 42043 lacs for the quarter ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 20338 lacs for the quarter ending on 31-MAR-2011 against Rs. 14003 lacs for the quarter ending on 31-MAR-2010.

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