Yes Bank shares jump over 6%, m-cap surges Rs 4,502 cr

Shares of Yes Bank surged over 6 per cent today after the company’s net profit zoomed 32 per cent for the first quarter ended June.

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In terms of volume, 8.14 lakh shares of the company were traded on the BSE and over 85 lakh shares changed hands at the NSE during the day.

Shares of Yes Bank surged over 6 per cent today after the company’s net profit zoomed 32 per cent for the first quarter ended June. The scrip soared 6.10 per cent to end at Rs 1,712.55 on the BSE. Intra-day, it jumped 6.73 per cent to Rs 1,722.80 — its 52-week high level. At the NSE, it climbed 5.81 per cent to close at Rs 1,711.95. The company’s market valuation also rose by Rs 4,502.22 crore to Rs 78,348.22 crore. In terms of volume, 8.14 lakh shares of the company were traded on the BSE and over 85 lakh shares changed hands at the NSE during the day.

Private lender Yes Bank’s net profit zoomed 32 per cent to Rs 965.52 crore for the first quarter ended June compared to the year-ago period. The bank had reported a net profit of Rs 731.80 crore in the same quarter of last fiscal. The board of directors at a meeting held today approved sub-division of one equity share into five — in the ratio of 1:5 — it said in a regulatory filing.

According to the filing, total income of the bank jumped to Rs 5,785.96 crore in the April-June quarter, from Rs 4,762.83 crore in the same quarter of 2016-17. Gross non-performing assets (NPAs) of the bank rose to 0.97 per cent of gross advances as on June 30, 2017, against 0.79 per cent as of June 30, 2016. Net NPAs, or bad loans, were up marginally at 0.39 per cent of net advances on June 30, 2017, from 0.29 per cent at the end of the first quarter of 2016-17.

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