1. YES Bank shares gain over 10 per cent on posting 25% rise in net profit

YES Bank shares gain over 10 per cent on posting 25% rise in net profit

Shares of Yes Bank jumped nearly 5 per cent after the private lender posted 25 per cent rise in its net profit figures for the third quarter ended December 2015.

By: | New Delhi | Updated: January 29, 2016 4:36 PM
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Shares of Yes Bank jumped nearly 5 per cent after the private lender posted 25 per cent rise in its net profit figures for the third quarter ended December 2015. (Photo: Reuters)

Shares of Yes Bank jumped over 10 per cent after the private lender posted 25 per cent rise in its net profit figures for the third quarter ended December 2015.

At 12.03 pm, shares of YES Bank were trading 4.82 per cent up at Rs 706. The scrip opened at Rs 666.25 and had touched a high and low of Rs 707 and Rs 651.25, respectively, in trade so far. Later, the scrip ended 10.89 per cent up at Rs 746.90.

For the quarter ended December 2015, YES Bank posted net profit of Rs 675.74 crore against Rs 540.29 crore in the corresponding quarter a year ago.

According to KR Choksey Shares and Securities, YES Bank Q3 result was in line with their expectations.

The bank’s total income increased by 17.49 per cent to Rs 4,122.12 crore for the quarter under review from Rs 3,508.47 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) of YES Bank increased to 0.66 per cent in the October- December quarter as against 0.61 per cent in the sequential quarter ended September 2015. The figures were at 0.42 per cent in the same quarter last year. NPAs stood at 0.22 per cent at the end of December 2015.

 

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