YES BANK Q1 net profit up 34% YoY to ₹1,071 crore
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YES Bank today reported a 33.7% rise in net profit year-on-year to ₹1,071 crore in the April-June quarter of the current financial year compared with ₹801 crore in Q1FY26.
“YES Bank has begun FY27 on a strong footing, with Q1 Net Profit growing 34% Y-o-Y to ₹1,071 crore. We delivered higher core earnings even as gains from Security Receipts and treasury fell sharply—clear evidence that the underlying franchise is strengthening,” said Vinay M. Tonse, Managing Director & CEO, YES Bank.
“Margins held steady at 2.7%, cost-to-income improved further, and asset quality strengthened as slippage eased,” he added.
The bank reported Return on Assets at 0.9% during the quarter against 0.8% in Q1FY26 and 1.0% in Q4FY26. Net Interest Margin stood at 2.7% compared with 2.5% in Q1FY26 and 2.7% in Q4FY26.
“Cost of Deposits for Q1FY27 lower 50bps Y-o-Y and 10bps Q-o-Q at 5.4%. Non-interest income stood at ₹1,798 core. Operating profit for Q1, FY27 stood at ₹1,704 crore up 25.5% Y-o-Y and 5.3% Q-o-Q,” the bank said in a release.
“Advances registered a 18.3% growth Y-o-Y and 4.3% Q-o-Q; deposits growth at 14.3% Y-o-Y; on AQB basis, Advances and Deposits growth at 15.1% Y-o-Y and 14.8% Y-o-Y, respectively,” the bank said.
The bank witnessed some improvement in the asset quality. Gross NPA at 1.3% during the quarter was down 30 bps Y-o-Y and Net NPA ratio at 0.2% was down 10 bps Y-o-Y. Also, the banks said the retail slippages were at their lowest in past 10 quarters at ₹843 crore (2.7% of Advances) against ₹888 crore (2.8% of Advances) in Q4FY26.
“Net Credit Costs for the quarter stood 0.3% of Avg. assets v/s. 0.3% in Q1FY26,” it added.
The bank also bagged ratings upgrades during the quarter. “We also earned meaningful external validation this quarter—rating upgrades from Moody's, CARE and ICRA, and our inaugural international rating from S&P Global. Growth was broad-based, including sustained momentum in Retail disbursements. Looking ahead, our focus is clear: deepen the core, sustain profitability, and create a resilient franchise that delivers lasting value for every stakeholder,” said Tonse.