Yes Bank Results Live Updates: Shares of YES Bank Ltd were trading green in the trading session on April 26, in anticipation of its upcoming earnings release. The private sector bank is set to announce its results for the quarter and the financial year that concluded on March 31, 2024, on Saturday, April 27. ‘YES Bank may report a muted performance in terms of Net Interest Income (NII) and Net Interest Margin (NIMs) both on quarter-on-quarter (QoQ) and year-on-year (YoY) basis,’ as per Aditya Agarwala, Co-founder and Head of Investment and Research at Invest4Edu.
Yes Bank Results live: YES Bank may report a muted performance in terms of Net Interest Income, says Analyst
“YES Bank may report a muted performance in terms of Net Interest Income (NII) and Net Interest Margin (NIMs) both on quarter-on-quarter (QoQ) and year-on-year (YoY) basis. The lender’s asset quality also may remain under pressure, while pre-provisioning operating profit (PPOP) may also fall on rising cost of funds. NIM’s and NII will be lower as well due to higher cost of funding. Overall focus will be on the guidance, outlook on asset quality, majorly cost of funds and return of assets after the Q4 numbers,” Aditya Agarwala, Co-founder and Head of Investment and Research at Invest4Edu, said.
Yes Bank Results live: What analysts expect from markets on Monday?
The Nifty Bank index may see a cautious opening on Monday, as investors await Yes Bank’s Q4 results and assess the broader sector’s performance. Positive surprises in earnings or asset quality could lend support, while disappointing numbers may lead to a subdued opening. Yes Bank’s stock may also see some volatility, with the Q4 results and management commentary setting the tone for near-term price action, as per Eshan Kaul is Senior Vice President at JP Morgan.
Yes Bank Results live: Bank Q4 results 2024 preview
Speaking on the expected Yes Bank Q4 results today, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Yes Bank is expected to deliver better Q4FY24 numbers on YoY but the numbers may not beat its performance on a sequential basis. The major reason for this is the falling net interest margins of all Indian banks including Yes Bank. However, the market is experiencing a rise in the deposits due to the rise in clientele of the private lender.” Gorakshkar maintained that Yes Bank’s net profit may rise YoY but business guidance will be crucial.
Yes Bank Results live: Bank’s founder Rana Kapoor out on bail
A special CBI court in Mumbai that granted bail to Yes Bank founder Rana Kapoor in a fraud case has observed that any further incarceration without trial would amount to a “pre-trial conviction” of the banker on April 20. Kapoor walked out of jail on Friday evening after being granted bail by special CBI Judge M G Deshpande in the last pending case against him, also involving the Avantha Group. Kapoor was arrested in March 2020 in a money laundering case by the Enforcement Directorate (ED). He was booked in eight cases by ED and Central Bureau of Investigation related to fraud at the Yes Bank. The court, in its order that was made available on Saturday, said there is no justification as to why the applicant, who has already spent over 4 years in custody for numerous other cases, should be detained further, especially when he has been granted bail in all other cases. Kapoor’s continued detention “would amount to pre-trial conviction”, the judge said.
Yes Bank Results live: YES Bank’s NII at ₹2,105.3 crore
Kotak Institutional Equities predicts YES Bank’s NII at ₹2,105.3 crore, up 3.8 per cent QoQ but down 0.6 per cnet QoQ. PPOP may come in at ₹888.9 crore, up 11.8 per cent QoQ and 8.7 per cent YoY. The lender may report a net profit of ₹202.4 crore, up 30.4 per cent YoY and 14 per cent QoQ, as per Business Times Report.
Yes Bank Results live: Bank’s shares closing price
Yes Bank will announce its quarterly earnings today. Shares of Yes Bank closed 0.73% higher at ₹26.15 on BSE on Friday.
Yes Bank Results live: Bank to post earnings report on April 27
Yes Bank will post earnings report on April 27, 2024 for the fourth quarter that ended Mrch 31, 2024.
Read More: Yes Bank Q4 Results Live Updates: Bank shares rise ahead of Q4 earnings