Yes Bank Q3 Results: net profit on yes bank is on 231 crore, and NII is up 2.3 percent 2,016.8 crore, the company reported in its Q3 results on January 27, 2023.
net profit of yes bank Rs 231.6 crore, falls short of market estimates 415.1 crores. The bank’s gross non-performing assets (NPAs) stood at 2 per cent, unchanged from last year.
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In contrast, net NPA for the quarter stood at 0.9 per cent, a marginal improvement from 1.0 per cent in the same period last year.
Stock and market expectations
Yes Bank shares traded flat in the last leg as the market eagerly awaited the announcement of its Q3 2024 results. Trading remained in a limited range throughout the week, with a slight rise in the share price of Yes Bank. Per share stood at 0.20 in the last and ended week 24.90 on NSE on Thursday.
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store Market experts expect Yes Bank to announce good numbers in Q3FY24. Yes Bank’s asset quality is expected to remain stable given the improvement in the last few quarters, he said. With ARC submitting bids for its two NPA loan books, the market is expecting healthy bottom-line growth in Q3FY24.
On the outlook for Yes Bank shares, Shiju Koothupalakkal, Technical Analyst, Prabhudas Lilladher said, “Yes Bank stock has had a very good rally in the last 3 months.” An uptrend has been maintained with 16 zones and a series of higher low formations on the daily chart and is currently holding strong near-term support. 23.70 level. On top of that, a decisive breach from 25.70 26 zone is very much needed to confirm the breakout and after that further rise can be expected with the next targets 28.50 more 31 levels are visible.”
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Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint. We recommend investors to check with certified experts before taking any investment decision.
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Published: 27 January 2024, 01:06 PM IST
