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Yes Bank reports 6-fold jump in Q1 consolidated net profit

24 Jul 2021 Evaluate

Yes Bank has reported results for first quarter ended June 30, 2021.

The bank has reported above 4-fold jump in its net profit of Rs 206.84 crore for the quarter under review as against net profit of Rs 45.44 crore for the same quarter in the previous year. However, total income of the bank decreased 8.60% at Rs 5581.84 crore for Q1FY22 as compared Rs 6106.74 crore for the corresponding quarter previous year.

On the consolidated basis, the bank has reported 6- fold jump in its net profit of Rs 203.76 crore for the quarter under review as against net profit of Rs 34.05 crore for the same quarter in the previous year. However, total income of the bank decreased by 8.36% at Rs 5610.71 crore for Q1FY22 as compared Rs 6122.62 crore for the corresponding quarter previous year.

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