Yes Bank Limited has informed the Exchange about Transcript of Earnings Call for the Un-audited Financial Results for the Quarter (Q1) ended June 30, 2025
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Yes Bank reported a strong Q1 FY26 with net profit of INR 801 crores, up 59.4% year-on-year and 8.5% sequentially, marking the seventh straight quarter of sequential profit growth. ROA improved to 0.8% (up 30 basis points YoY) and NIMs expanded to 2.5% from 2.4%, supported by lower RIDF deposits and rate cuts. Asset quality remained stable with GNPA at 1.6% and NNPA at 0.3%, while provision coverage improved to 80.2%. The bank also received credit rating upgrades from Moody's (to Ba2) and ICRA/CARE (Tier 2 bonds to AA-). Management reiterated ROA targets of 1% by FY27 and 1.5% by FY30, requiring NIMs of around 3%, while the SMBC acquisition of a 20% stake from SBI and other banks awaits RBI approval, expected around September.
Strong quarterly performance with consistent profit growth and improved asset quality is positive for shareholders, while the pending SMBC stake acquisition could be a significant catalyst upon regulatory approval. Near-term NIM pressure is expected in Q2 FY26, but management sees recovery from Q3 onwards.