YES Bank’s net profit for the January-March quarter surged 63.3% on year to ₹7.4 billion, surpassing analysts’ estimate of ₹6.26 billion. On a sequential basis, the profit was up 20.6%. The bank's net profit for the financial year 2024-25 was ₹24.06 billion, nearly double the ₹12.51 billion recorded in the previous year.

Provisions for the quarter fell 32.4% on year to ₹3.18 billion, but rose 23% compared to the previous quarter. Asset quality remained stable, with the gross non-performing asset ratio holding steady at 1.6% as of March 31. The net NPA ratio decreased to 0.3% from 0.5% in the previous quarter, while the NPA provision coverage ratio stood at 87.6%.

Total income for the quarter was ₹93.55 billion, up from ₹90.16 billion a year ago, with sequential growth flat. Full-year total income for 2024-2025 was ₹367.52 billion.

Net interest income for the March quarter rose 5.7% on year to ₹22.76 billion, exceeding analysts' estimate of ₹22.44 billion. The net interest margin increased to 2.5% from 2.4% in the previous quarter. The cost of funds declined slightly to 6.4%, while the cost of deposits remained unchanged at 6.1%.

The bank's balance sheet grew 4.4% on year to ₹4.23 trillion as of March 31. Advances increased by 8.1% to ₹2.46 trillion, while deposits grew 6.8% to ₹2.85 trillion. The credit-deposit ratio decreased to 86.5% from 88.3% in the previous quarter.

Retail advances fell 3.4% to ₹1.01 trillion, while the small and medium enterprise (SME) book grew 23.6% to ₹436.51 billion. The corporate book rose 11.5% to ₹590.73 billion, although it declined nearly 7% sequentially. Retail and SME sectors accounted for 59% of total advances, with corporates at 24%.

CASA (current account, savings account) deposits grew 18.4% on year to ₹974.80 billion. The CASA ratio was 34.3%. The bank’s gross slippages for the quarter were lower at ₹12.23 billion compared to ₹13.48 billion in the previous quarter. The bank’s capital adequacy ratio stood at 15.6%, with a Tier-I capital ratio of 13.5%.