YES Bank July-September Profit Up 18% On Year; Interest Expenses, Other Income Boost Bottom Line

YES Bank Ltd. reported an 18% rise in net profit for the September quarter to ₹6.54 billion, driven by lower interest expenses and higher other income. Sequentially, profit was down 18%.

Total income declined 1.3% on year to ₹90.23 billion — the bank’s first year-on-year drop in 15 quarters — due to a 4.6% fall in interest earned to ₹73.79 billion. Other income, however, rose 17% to ₹16.44 billion.

Total expenses fell 5.3% on year to ₹77.27 billion, with interest expenses down 8.2% at ₹50.78 billion — the sharpest drop in 17 quarters.

Asset quality remained steady, with gross NPA ratio at 1.6% and net NPA ratio at 0.3% as of September 30. The provision coverage ratio improved to 81%, and including technical write-offs, stood at 88.5%.

Net interest income grew 4.6% on year to ₹23.01 billion, while the net interest margin held steady at 2.5%. Advances rose 6.4% on year to ₹2.50 trillion, and deposits were up 6.9% to ₹2.96 trillion.

For April–September 2025-2026, net profit increased to ₹14.56 billion from ₹10.55 billion a year ago, while total income rose slightly to ₹183.71 billion.