Profit after tax (PAT) rose 45% QoQ compared to Rs 654 crore in Q2FY26.Yes Bank paid Rs 5,078 crore in interest, which was also down 9% year-on-year from Rs 5,606 crore in the same period last year, while remaining flat on a sequential basis.
Asset quality
Yes Bank’s gross non-performing assets (NPAs) declined 10 basis points y-o-y and quarter-on-quarter to 1.5%, while net NPAs fell 20 basis points y-o-y to 0.3%, while remaining flat quarter-on-quarter.
Balance
The company reported a steady sequential expansion of its balance sheet in its filing with the stock exchanges, with CASA momentum continuing over the quarter. Deposits among retail and branch offices stood at Rs 1,73,305 crore, growing 9% YoY and higher at 12% YoY on AQB1 basis. CASA deposits stood at Rs 99,483 crore and grew 8.5% YoY and 13.6% YoY on AQB1 basis.
Net advances stood at Rs 2,57,451 crore, up 5.2% YoY and 2.9% QoQ, while total disbursements stood at Rs 26,982 crore, up 7% YoY, driven by supporting growth momentum across segments. Retail asset payouts increased 15% year over year.
Key Takeaways
— Adjusted for impact of gratuity, PAT stood at Rs 1,068 crore, up 74.4% year-on-year
— Operating profit (adjusted for gratuity impact) for Q3FY26 was Rs 1,389 crore, up 28.7% YoY and 7.1% QoQ
— RoA stood at 0.9% versus 0.6% in Q3FY25 and Q2FY26, excluding the impact of gratuities. The RoA was 1%.
— The cost of deposits was down 50 basis points year-over-year and 10 basis points quarter-over-quarter at 5.6%
Management commentary
Commenting on the company’s results, Managing Director and CEO Prashant Kumar termed Q3 2026 as a breakout quarter for the bank, driven by a confluence of factors such as acceleration in profitability, sharp improvement in asset quality, increasing momentum in business volumes (disbursements) and continued industry-leading performance in CASA.
“The Bank’s quarterly RoA (excluding the impact of gratuities) has reached the critical milestone of 1.0% for the first time since reconstruction. At an operational level, this has been driven by the expansion of NIMs, upward momentum in fee income and tight control over operating costs. Furthermore, net credit costs for the quarter were negligible, supported by an eight-quarter low slippage of 1.6% from advances and continued redemptions from the securities receipts portfolio.” said Kumar
“Strengthening the CASA ratio, despite a challenging industry environment, will drive sharper improvement in the cost of deposits relative to peers. Furthermore, with disbursement momentum increasing, especially in retail, we expect growth to accelerate in the coming quarters. Aided by these tailwinds, we remain firmly on track to deliver on our strategic objectives and build a resilient, high-quality franchise that creates long-term value for stakeholders,” he added.
#Bank #results #PAT #YoY #crore #NII