YES Bank's Q4 numbers were in line with market expectations. The bank's net profit rose by 45% to Rs 203 crore compared to Rs 140 crore in the corresponding quarter last year.
Higher profits were aided by 45% growth in net interest income and 16% growth in non-interest income. Loan book saw a growth of 55% and deposits grew by 71% on a year-on-year basis. Net interest margins however, remained flat at 2.8% compared to third quarter.
Going forward the management expects margins to be restored to 3% levels only after September this year. The big announcement, however, was that YES Bank is looking at raising USD 500 miillion worth capital in the second half of this year.
More on the numbers:
Net Profit At Rs 203 Cr Vs Rs 140 Cr (YoY)
NII At Rs 349 Cr Vs Rs 244.2 Cr (YoY)
Non- interest income at Rs 186.8 cr Vs Rs 160 crores (YoY)
Advances Rs 343.63 billion, up 54.8% on year, as on Mar 31
Deposits Rs 459.38 bln as on Mar 31, up 71.4% on year
Net Interest Margin At 2.8%
Bank expects NIMs to remain at the same levels till Sep 2011
Bank looking to raise capital worth $500 m via GDR, ADR, QIP in H2FY12
According to CNBC-TV18 estimates, Q4FY11 net interest income (NII) was seen up 42.4% at Rs 347.7 crore, PAT was seen up 43% at Rs 200.6 crore.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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