Yes Bank Q3 Results: Net profit soars 349.7% to Rs 231.6 crore; asset quality stable

Yes Bank, on January 27, reported a net profit of Rs 231.6 crore for the October-December quarter of 2023-24, marking an 349.7 percent jump from Rs 51.5 crore clocked a year ago.

The net profit, at Rs 231.6 crore, is almost with the miss market estimates of Rs 415.1 crore crore.

The bank's gross non-performing assets (NPA) stood at 2.0 percent, no change from 2.0 percent last year. On the other hand, net NPA for the quarter stood at 0.9 percent compared to 1.0 percent last year.