Yes Bank (YESBANK) Q4 24/25 earnings summary

Executive summary

• Net profit for FY25 reached INR 2,406 crores, up 92.3% year-over-year, the highest since March 2020, with Q4 net profit at INR 738 crores, up 63.3% YoY.

• Five-year transformation includes 2.7x deposit growth, 3.5x CASA growth, and significant asset quality improvement.

• Maintained leadership in digital payments, with #1 UPI Payee PSP (57% market share) and #2 UPI Payer PSP (32%+ market share).

• Audited standalone and consolidated financial results for Q4 and FY25 were approved with unmodified audit opinions.

• The bank remains focused on profitable growth, quality of advances and deposits, and strategic business consolidation for future growth.

Financial highlights

• Net interest income for FY25 was INR 8,944 crores, up 10.5% YoY; non-interest income was INR 5,857 crores, up 14.5% YoY.

• Pre-provisioning operating profit grew 25.6% YoY to INR 4,254 crores.

• Cost-to-income ratio improved to 71.3% from 74.4% in FY24; Q4FY25 ratio at 67.3%.

• Standalone net profit for FY25 was ₹240,586 lakhs, up from ₹125,108 lakhs in FY24; consolidated net profit was ₹244,649 lakhs.

• Gross NPA and Net NPA ratios at 1.6% and 0.3%, respectively, the best since March 2020.

Outlook and guidance

• Targeting loan growth of 12% to 15% over the next one to two years, with capital deemed sufficient for current growth aspirations.

• ROA target of over 1% by FY 2027 and 1.5% by FY 2029-2030, driven by NIM expansion.

• Aims to reduce RIDF and other mandatory deposits below 5% of total assets by FY 2027.

• Continued emphasis on cost efficiency, digital transformation, and risk containment.

• No explicit forward-looking guidance provided; management notes compliance with new RBI investment directions and ongoing legal matters.