YES Bank Q1 Results Live: Private lender Yes Bank is set to report its first quarter earnings reports for financial year FY24-25 (Q1FY25) today, on July 20. Market experts estimate good numbers are driven by the Bank’s asset quality improvement, as per our earnings preview.
At least nine companies are set to announce their Q1FY25 financial results today, on Saturday, July 20. These include Kotak Mahindra Bank, YES Bank, JK Cement, Poonawala Fincorp, RBL Bank, Newton Technologies, Can Fin Homes, ICRA, and Rossari Biotech.
The Q1FY25 earnings season started from July 8 and prominent companies are among those set to declare their Q1 results this week. A host of other prominent companies will release their earnings reports in the coming weeks. Covering various sectors, the Q1FY25 earnings reports are expected to have a significant impact on stock movements in the BSE and NSE, and offer insights into the broader economic landscape.
YES Bank Q1 Results Live: Profit at ₹502.43 crore, up 47% YoY
Yes Bank has announced its Q1FY25 results today, reporting a standalone net profit of ₹502.43 crore for Q1FY25 (quarter ended June 30). This was up 47 per cent compared to the ₹342.52 crore profit after tax (PAT) reported by the bank in Q1FY24.
Further, Q1FY25 interest earned was reported at ₹7,719.15 crore, up 19 per cent from ₹6,443.22 crore in Q1FY24.
YES Bank Q1 Results Live: Share price dips despite positive outlook for Q1 results today
Yes Bank is set to declare its Q1FY25 earnings report today and experts have estimated for good numbers, driven by asset quality improvement in the first quarter. However, while positive outlook prevails, shares of the private bank fell at market close on July 19 (Friday) — just a day ahead of its results announcement.
According to stock market experts, the dip in Yes Bank’s share price can be attributed to lower provisions and reduced operating expenses, which are expected to enhance the Bank’s bottom line.
YES Bank Q1 Results Live: Kotak Mahindra Bank, JK Cement, ICRA, YES Bank, Poonawala Group & more to report Q1 earnings today
Q1 results today: At least nine companies, including Kotak Mahindra Bank, YES Bank, JK Cement, Poonawala Fincorp, RBL Bank, Newton Technologies, Can Fin Homes, ICRA, and Rossari Biotech, will declare their Q1FY25 earnings today. Check the details here.
YES Bank Q1 Results Live: Market at Close
Profit-booking ahead of earnings reports from prominent companies and the Union Budget 2024 announcement on July 23, dragged down benchmark indices the most in a month-and-a-half at market close on Friday, July 19.
Fear gauge India Vix rose to the highest level in over a month.
The Nifty fell 1.09% to 24,530.9 while the Sensex pulled back from the 81,000 mark 0.9% to 80,604.65. Both indices hit fresh record highs – 24,854.8 and 81,587.76-at opening before pulling back and closing marginally off their lows.
Broader markets fell twice as much.
YES Bank Q1 Results Live: At least nine companies to announce Q1FY25 earnings today
At least nine companies are set to announce their Q1FY25 earnings report today, on Saturday, July 20. These include Kotak Mahindra Bank, YES Bank, JK Cement, Poonawala Fincorp, RBL Bank, Newton Technologies, Can Fin Homes, ICRA, and Rossari Biotech.
Covering various sectors, the Q1FY25 earnings reports are expected to have a significant impact on stock movements in the BSE and NSE, and offer insights into the broader economic landscape.
YES Bank Q1 Results Live: Share price dips despite positive outlook for Q1 results today
Private lender Yes Bank will declare its first quarter results for the current financial year 2024-25. The market experts estimate good numbers are driven by the Bank’s asset quality improvement in Q1 results today. However, despite the positive outlook for the Yes Bank results, shares of the private lender dipped on Friday, just one day ahead of its Q1 results announcement.
According to stock market experts, the dip in Yes Bank’s share price can be attributed to lower provisions and reduced operating expenses, which are expected to enhance the Bank’s bottom line.
YES Bank Q1 Results Live: Yes Bank to announce Q1FY25 results today
Private lender Yes Bank is set to report its first quarter earnings reports for financial year FY24-25 (Q1FY25) today, on July 20. Market experts estimate good numbers are driven by the Bank’s asset quality improvement, as per our earnings preview.