Yes Bank Q3 results 2024 are going to be released. The profits of the companies were little affected in Q3 2023 due to provision requirements. The Profit After Tax saw a rise of 47.%. The current quarter has a lot of expectations from the investors. We have discussed below some details about Yes Bank Q3 results 2024 performance. The market has projected the Q3 earnings to be higher than the current quarter.
Yes Bank Q3 Results 2024 Earnings, Net Profit, Sales Report And CASA
Yes Bank Q3 results 2024 are about to be released soon. The previous quarter showed a 25% growth in operating profit with an NPA of 3.8%. The overall capital of the company was 20% making the balance sheet strong for the quarter. There were improvements in assets growth, with an increase in the retail deposit growth with YOY growth of 7%. The bank works actively on the deposit cost.
If we talk about the revenue of Q2 2024, it has increased for sure, with an increase in expenses as well. There was a fall in the NPA in the last quarter. Yes Bank’s last two month’s performance was average. The banking sector has also seen a fall in ROA and ROE overall, making it normal for Yes Bank to have a fall in its percentage.
If we analyze the overall Yes Bank’s performance, the Net Interest Margin is quite low as compared to other banks due to low CASA. However, Yes Bank’s stock has followed an Upward trend in the previous margin. The current value of the Yes Bank stock is Rs. 20.35. The last two days showed a fall of Rs. 2 in the share price.
Yes Bank Q3 results 2024 fiscal period will be announced by the second week of January 2024. The current quarter is expected to have a similar growth rate. Yes Bank’s overall growth is said to be good. The bank might consider improving its CASA to increase its NIM. The stock analysis for October and November shows that the lower trendline supports the stock during Q2. Many predictions say that the bank will be outperforming after some time. The NPA reduction is also a crucial part of it. Yes Bank is a trusted bank and stands among its competitors. We will share details about Yes Bank’s upcoming quarter results as soon as the bank releases them.