Yes Bank Shares Surge as Strong Q4 Results Drive Investor Optimism

Yes Bank Shares commenced trading positively today (April 29), opening at ₹27.50 apiece on the National Stock Exchange (NSE). 

This upward trajectory marked a promising start following the lender’s robust performance in the fourth quarter of 2024.

Yes Bank Shares Touches New Highs:

Bolstered by the announcement of strong Q4 results, Yes Bank’s shares surged further, reaching an intraday high of ₹28.55 per share after the opening bell. This upward momentum reflects investor confidence in the Bank’s recent financial performance and strategic initiatives.

The positive sentiment surrounding Yes Bank’s Q4 results translated into tangible gains for investors. On the Bombay Stock Exchange (BSE), shares opened near ₹28.10 apiece, with a notable increase of ₹1.28 or 4.86% to ₹27.4 per share, signaling a strong market response.

Yes Bank’s Q4 Performance: 

Yes Bank’s Q4 results for the fiscal year 2024 showcased impressive growth, with a 124% surge year-on-year in net profit, amounting to ₹454 crore. 

This significant improvement underscores the Bank’s resilience and strategic direction amidst a challenging economic landscape.

During January-March 2024, Yes Bank reported a 2.3% rise in net interest income to ₹2,153.1 crore, compared to ₹2,105.2 crore in the corresponding period last year. Operating profit for the quarter stood at ₹902.47 crore, reflecting a steady performance compared to the previous year.

Outlook and Projections for Yes Bank Shares:

As per Chief Executive Prashant Kumar’s statement to Reuters, Yes Bank anticipates robust growth in deposits and loans for the current financial year. 

Projections indicate an expected deposit growth of 18.5% and loan growth of 17%, emphasizing the Bank’s optimistic outlook and strategic growth trajectory.

Insights from Yes Bank’s Leadership:

During a conference call, Chief Financial Officer Niranjan Banodkar provided insights into the Bank’s operational strategies, highlighting the management’s focus on optimizing deposit structures. 

Banodkar noted the presence of high-cost deposits, particularly in the form of Rural Infrastructure Development Fund balances, indicating proactive measures to enhance profitability and liquidity management.

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