Yes Bank rose 0.8% to Rs 522.40 at 12:27 IST on BSE, with the stock advancing on renewed buying after the bank announced strong Q3 December 2012 results during trading hours on Wednesday, 16 January 2013.
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Meanwhile, the BSE Sensex was up 96.44 points or 0.49% at 19,914.07.
On BSE, 2.09 lakh shares were traded in the counter as against average daily volume of 2.32 lakh shares in the past one quarter.
The stock hit a high of Rs 528.70 and a low of Rs 517 so far during the day. The stock had hit a record high of Rs 535 on Wednesday, 16 January 2013. The stock had hit a 52-week low of Rs 278.15 on 18 January 2012.
The stock had outperformed the market over the past one month till 16 January 2013, surging 12.38% compared with the Sensex's 2.59% gain. The scrip had also outperformed the market in past one quarter, jumping 35.86% as against Sensex's 6.67% surge.
The large-cap private sector bank has equity capital of Rs 358.07 crore. Face value per share is Rs 10.
The stock had fallen 1.87% to settle at Rs 518.25 on Wednesday, 16 January 2013 on profit taking. Earlier, the stock had witnessed a pre-result rally. The stock had surged 14.07% to settle at Rs 528.15 on Tuesday, 15 January 2013, from recent low of Rs 463 on 28 December 2012.
Yes Bank's net profit jumped 34.7% to Rs 342.31 crore on 29.1% growth in total income to Rs 2446.83 crore in Q3 December 2012 over Q3 December 2011. Yes Bank attributed growth in bottom line in Q3 December 2012 to expansion of net interest margin and robust non-interest income growth. Net interest income jumped 36.7% to Rs 584.30 crore in Q3 December 2012 over Q3 December 2011. Non-interest income jumped 48.1% to Rs 313.20 crore. Total income rose 40.5% to Rs 897.50 crore. The bank's specific provisioning cover was at 79.6% as at 31 December 2012. Total restructured advances (excluding NPAs) stood at Rs 189.10 crore as at 31 December 2012. This represents 0.43% of gross advances.
Yes Bank said that the healthy asset quality trend at the bank continues with gross NPA at 0.17% and Net NPA at 0.04% as on 31 December 2012. The bank's current and savings accounts (CASA) jumped 74.9% to Rs 10340.80 crore as on 31 December 2012 from Rs 5913.50 crore as on 31 December 2011. The CASA ratio stood at 18.3% as on 31 December 2012. The bank's Tier I Capital was steady at 9.5% as on 31 December 2012 (including Q3 December 2012 profits), with strong internal accruals, Yes Bank said in a statement. The bank's total Capital Adequacy was 18% as on 31 December 2012.
Yes Bank has a total of 412 branches across the country as on 31 December 2012. The bank's total ATMs stood at 723 as on end December 2012.
