Yes bank

Stock Opportunities Not-so-Hidden Gems
2034

I have a theory and i beleive this holds true for Yes bank, since yes bank saga has already occured, everyone’s eyes are on yes bank so the next saga wouldn’t be under Yes Bank because it has caught the attraction of every stakeholder and people are very conservative about yes bank so even if a leaf of any wrong happening blows in yes bank it will come to everyone’s eyes immediately because people are looking so closely at Yes bank without blinking their eyes, so I beleive next Yes bank saga wouldn’t happen in Yes bank. “It’s something like police keeping an eye on older thieves but the stealer is someone new”

And this doesn’t mean that everything has been fixed in this bank, there are lot of things yet to get fixed, like their consumer side mobile banking app sucks despite the fact that they are the technology providers to many fintechs.

1 Like
2035

1QWithCNBCTV18 | #YesBank Q1

:arrow_right:Net Profit Up 47% At Rs 502.4 Cr Vs Rs 342.5 Cr (YoY)
:arrow_right:NII Up 12.2% At Rs 2,244 Cr Vs Rs 1,999.6 Cr (YoY)
:arrow_right:Gross NPA At Rs 3,845 Cr Vs Rs 3,982.6 Cr (QoQ)
:arrow_right:Net NPA At Rs 1,246 Cr Vs Rs 1,330 Cr (QoQ)
:arrow_right:Gross NPA Ratio At 1.7% Vs 1.7% (QoQ)
:arrow_right:Net NPA Ratio At 0.5% Vs 0.6% (QoQ)

1 Like
2036

Yes Bank Ltd. | CMP Rs. 24.8 | M Cap Rs. 77650 Cr | 52 W H/L 33/14

(Nirmal Bang Retail Research)

Result is above expectations owing to improvement in asset quality

Advances came at Rs. 229920 Cr (15% YoY, 0.9% QoQ)

Net Interest Income came at Rs. 2244 Cr vs expectation of Rs. 2225 Cr, YoY Rs. 2000 Cr, QoQ Rs. 2153 Cr

NIM came at 2.4% vs QoQ 2.4%

Non Interest Income came at Rs. 1199 Cr vs YoY Rs. 1141 Cr, QoQ Rs. 1569 Cr

PBP came at Rs. 885 Cr vs expectation of Rs. 895 Cr, YoY Rs. 818 Cr, QoQ Rs. 902 Cr

Provisions came at Rs. 212 Cr vs expectation of Rs. 472 Cr, YoY Rs. 360 Cr, QoQ Rs. 471 Cr

Credit Cost came at 0.4% vs YoY 0.7%, QoQ 0.9%

Adj. PAT came at Rs. 502 Cr vs expectation of Rs. 394 Cr, YoY Rs. 343 Cr, QoQ Rs. 452 Cr

Gross NPA came at Rs. 3845 Cr vs QoQ Rs. 3983 Cr at 1.7% vs QoQ 1.7%

Net NPA came at Rs. 1246 Cr vs QoQ Rs. 1330 Cr at 0.5% vs QoQ 0.6%

Slippages came at Rs. 1205 Cr vs QoQ Rs. 1356 Cr with slippage ratio of 2.1% vs QoQ 2.38%

Net Stressed Assets (NNPA, Net Rstd, Net SMA, Net other NPA) stood at Rs. 9859.9 Cr vs QoQ Rs. 10560.6 Cr at 4.29% vs QoQ 4.64%

Quarter EPS is Rs. 0.2

Stock is trading at P/E of 21.2x FY25E EPS & 1.7x trailing P/Adj. BV

2037

Yes Bank:
FII holding increased.
Lowest NPA.

2038

DII holding has come down
Yes Bank will go the Vodafone way !!!

2039

It’s not that it has decreased; it’s related to FII. Additionally, comparing Vodafone Idea with Yes Bank is not accurate.

Yes Bank is different; it has a TTM profit of ₹1,455 crore and a YoY profit of ₹1,285 crore. Its ROCE is over 5%.

On the other hand, Vodafone Idea is a consistently loss-making company with a negative ROCE, among other issues.

1 Like