Edition:
India

Yes Bank Sept qtr profit up 25 pct


Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Yes Bank Ltd :Sept quarter net profit 10.03 billion rupees .Consensus forecast for Sept quarter net profit was 10.27 billion rupees.Sept quarter interest earned 48 billion rupees versus 40.60 billion rupees last year.Sept quarter provisions 4.47 billion rupees versus 1.62 billion rupees last year.Sept quarter gross NPA 1.82 percent versus 0.97 percent previous quarter.Sept quarter net NPA 1.04 percent versus 0.39 percent previous quarter.Sept quarter NIM 3.7 percent.Says no additional account was restructured through S4A route during quarter ‍​.Says divergence in gross NPAs 63.55 billion rupees in quarter.Says divergence in provisioning 15.36 billion rupees in qtr‍​.Net profit in sept quarter last year was 8.02 billion rupees.Adjusted net profit after tax for year ended march 31, 2017 after taking into account divergence in provisioning was 23.16 billion rupees.The profit alert was first sourced from TV and later confirmed as 10.03 bln rupees from a release on the BSE.