Yes Bank shares gain around 2 per cent post Q2 results

By: |
Updated: October 29, 2015 4:15:26 PM

Yes Bank share price jumped over 2 per cent on Thursday after the company posted 26.5 per cent year-on-year rise in its net profit figures at Rs 610.40 crore for quarter ended September 30, 2015.

yes bank share priceYes Bank posted 26.5 per cent year-on-year rise in its net profit figures at Rs 610.40 crore for quarter ended September 30, 2015 . (Photo: PTI)

Yes Bank share price jumped around 2 per cent on Thursday after the company posted 26.5 per cent year-on-year rise in its net profit figures at Rs 610.40 crore for quarter ended September 30, 2015. The bank registered net profit of Rs 482.50 crore in the corresponding quarter a year ago.

The share price of the bank closed 1.95 per cent up at Rs 743.50. Sensex closed 0.75 per cent down at 26,838.

Net interest income jumped 29.4 per cent YoY and 4.6 per cent quarter-on-quarter (QoQ) to Rs 1,108.50 crore for the quarter ended September 2015.

Rana Kapoor, managing director and CEO, Yes Bank in a release said, “ Yes Bank has delivered another consistent quarter of sustained financial performance reflected by healthy growth in net profit of 26.5 per cent and driven by steady increase in NII and stable asset quality.

Gross non-performing assets (NPAs) of the bank have increased to 0.61% for the quarter as against 0.36% in the same quarter previous year. Besides, bank’s Net NPA stood at 0.20% in Q2FY16.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.