Yes Bank is projected to experience double-digit growth in its earnings for the March quarter, with net profit anticipated to increase between 35% and 44% year-on-year, according to estimates from a couple of brokerages. The bank’s revenue is expected to be in the range of Rs 608 crore to Rs 652 crore for Q4FY25. During this period, the Net Interest Income (NII) might record a modest single-digit rise despite facing margin pressures.
The forecasts are provided by JM Financial and Anand Rathi Share and Stock Brokers. Yes Bank is scheduled to announce its earnings on Saturday, April 19, 2025, alongside major banks like HDFC Bank and ICICI Bank.
JM Financial’s Forecasts
According to JM Financial, Yes Bank’s Profit After Tax (PAT) is expected to reach Rs 6,081 crore, demonstrating a robust 34.6% year-on-year growth, although it may show a slight sequential decrease of 0.7%. The NII is projected at Rs 2,209 crore, reflecting a 2.6% year-on-year increase but a 0.6% decline on a quarter-on-quarter basis. The Net Interest Margins (NIMs) are anticipated to be under pressure at 2.1%, slightly below the 2.2% reported in Q4FY24 and unchanged from 2.1% in Q3FY25. The Pre-Provision Operating Profit (PPOP) is expected to be Rs 1,040 crore, signaling a 15.2% year-on-year growth but a 3.6% quarter-on-quarter decrease. Loans are projected to grow by 8.2% year-on-year and 0.7% quarter-on-quarter to Rs 2,465 crore, while deposits may increase by 6.8% year-on-year and 2.6% quarter-on-quarter to Rs 2,845 crore. Credit costs for the quarter are expected to be at 0.4%, down from 0.8% in Q4FY24 and consistent with 0.4% in Q3FY25. JM Financial maintains a ‘Sell’ rating on Yes Bank due to concerns over margin compression, limited loan growth momentum, and valuation considerations.
Anand Rathi’s Forecasts
Anand Rathi anticipates stronger earnings momentum for Yes Bank, predicting a PAT growth of 44.3% year-on-year to Rs 652 crore, with profits increasing by 6.5% sequentially. The NII is expected to be Rs 2,265 crore, representing a 5.2% year-on-year growth and a 1.9% quarter-on-quarter rise. PPOP is projected at Rs 1,113 crore, indicating a robust 23.3% year-on-year and 3.1% quarter-on-quarter growth, which suggests healthy operational performance and improved efficiency metrics.
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