Yes Bank posted in its Q4FY22 and Year Ended result : Income up 24.73%, PAT recovered and NNPA at 4.5%

GNPA ratio at 13.9% vs. 15.4% in FY21 and 14.7% in last quarter NNPA ratio at 4.5% vs. 5.9% in FY21 and 5.3% in last quarter

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Yes Bank Ltd is engaged in providing a range of banking and financial services. The Bank operates in four segments: Treasury Corporate/Wholesale Banking Retail Banking and Other Banking Operations, which includes investments all financial markets activities undertaken on behalf of the Bank’s customers trading maintenance of reserve requirements and resource mobilization from other Banks and financial institutions.

Yes Bank’s branch network stood at 1050 branches and its ATM network stood at 1724 as on 31 December 2017 which includes 573 Bunch Note Acceptors/Cash Recyclers. The branch and ATM network is spread in 29 states and 7 Union Territories. The Bank has posted its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹5,872.60 crore in the quarter ended on March 31, 2022 as against ₹4,708.22 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 24.73%.

The company has posted a consolidated Net Profit of ₹371.88 crore in the quarter ended on March 31, 2022 as against Loss of ₹(3790.92) crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT recovered by 109.81%.

The status of the EPS of the company stood at ₹0.15 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹(1.51), recovered by 109.93%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4)
Total Income5,872.605664.334,708.22
Total Expenses5093.694934.004653.20
PBT /(Loss)507.62355.37(5057.87)
Total Tax /(credit)135.7389.61(1266.96)
PAT /(Loss) [to the owners]371.88265.76(3790.92)
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹22,423.52 crore in the financial year ended on March 31, 2022 as against ₹23,146.36 crore for the financial year ended on Mar 31, 2021, decreased by 3.12%.

The company has posted a consolidated Net Profit of ₹1,064.06 crore in the financial year ended on March 31, 2022 as against Loss of ₹(3,488.93) crore for the financial year ended on March 31, 2021. The PAT recovered by 130.50%.

The status of the EPS of the company stood at ₹0.42 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹(1.65), recovered by 125.45%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income22,423.5223,146.36
Total Expenses19509.5818528.24
PBT /(Loss)1433.70(4761.78)
Total Tax /(credit)(369.64)(1272.85)
PAT /(Loss)1064.06(3,488.93)
*figures are in Crores

(III) Key Highlights about the Performance :

Strong growth in Deposits and Granular Advances
• Balance Sheet grew 16% Y-o-Y
• C/D ratio continues to improve, at 91.8% v/s. 102.4% in FY21 and 95.6% last quarter
• New Sanctions / Disbursement of INR 70k Crs in FY22 across various segments
• Retail & MSME: Corporate Mix improved by 300 bps Q-o-Q to 60:40 – Strategic
Objective achieved one year ahead of time
• CASA ratio at 31.1% vs 26.1% last year and 30.4% last quarter, up 70 bps Q-o-Q
• 11.4 Lacs CASA Accounts opened in FY22 vs. 6.6 Lacs in FY21

  • NII at INR 6,498 Cr for FY22. Q4FY22 NII at INR 1,819 Cr up 3% Q-o-Q.
  • Normalised NII (adjusted for interest recoveries on NPA’s & one offs) for FY22 grew nearly 3%
  • NIM for Q4FY22 at 2.5% up nearly 5bps Q-o-Q. FY22 NIM at 2.3%
  • Non-Interest Income for FY22 at INR 3,263 Cr grew 8% Y-o-Y. Q4FY22 Non Interest Income at INR 882 Cr grew 20% Q-o-Q
  • Normalised Non-Interest Income (adjusted for unrealised and realised gain on investments) for FY22 grew 40% Y-o-Y
  • Operating Expenses at INR 6,844 Cr for FY22, up 18% Y-o-Y, and INR 1,927 Cr for Q4FY22, up 9% Q-o-Q.
  • Operating profit stands at INR 2,916 Cr in FY22 and at INR 774 Cr in Q4FY22 up by 6% Q-o-Q
  • Total Provision Costs for FY22 at INR 1,480 Cr declined by 84% Y-o-Y, aided by higher recoveries and upgrades at INR 7,290 Cr, hence up by 26% Y o-Y.
  • Q4FY22 Provision costs at INR 271 Cr declined by 28% Q-o-Q

(IV) Asset Quality :

  • GNPA ratio at 13.9% vs. 15.4% in FY21 and 14.7% in last quarter
  • NNPA ratio at 4.5% vs. 5.9% in FY21 and 5.3% in last quarter

Slippages continue to trend lower for –
• FY22 at INR 5,795 Cr vs. INR 12,035 Cr in FY21
• Q4FY22 at INR 802 Cr vs. INR 978 Cr last quarter

Overdue Book trending lower by nearly INR 1,500 Cr Q-o-Q
• 31-60 days book at INR 4,483 Cr lower by INR 822 Cr Q-o-Q
• 61-90 days book at INR 1,264 Cr lower by INR 679 Cr Q-o-Q

Resolution Momentum continues to be strong with Total Recoveries & Upgrades for FY22 stood at INR 7,290 Cr vs. INR 5,782 in FY21, and in Q4FY22 Cash Recoveries & Upgrades stood at INR 1,828 Cr. The table is below :

Q4FY22Q3FY22Q4FY21
Gross NPA ₹*27,975.9828,654.4928,609.53
Gross NPA %13.9314.6515.41
Net NPA ₹*8,204.539,323.349,813.36
Net NPA %04.5305.2905.88
RoA %0.50.4-5.7
CAR** %17.417.617.5
*₹ are in Crores **Capital Adequacy ratio

Shares of Yes Bank Ltd was last traded in BSE at ₹13.63 as compared to the previous close of ₹13.63. The total number of shares traded during the day was 13295890 in over 14486 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 13.93
  • Intraday low of ₹ 13.54