- Net Income Beats Estimates: Yes Bank‘s net income for the first quarter is 5.02 billion rupees, which is a 46% increase year-over-year, surpassing the estimated 3.76 billion rupees.
- Stable Non-Performing Assets: Gross non-performing assets remain steady at 1.7%, unchanged quarter-over-quarter.
- Reduction in Provisions: Provisions have significantly decreased by 55% quarter-over-quarter, standing at 2.12 billion rupees.
- Market Reaction: Despite the strong financial performance, Yes Bank shares fell by 3.8%, closing at 24.77 rupees, with 166.8 million shares traded.
- Analyst Sentiment: The stock has received 0 buy recommendations, 2 hold recommendations, and 10 sell recommendations from analysts.
A look at Yes Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
YES BANK Limited, a provider of banking services in India, holds a promising long-term outlook according to Smartkarma Smart Scores. With a strong Value score of 4 and a robust Growth score of 4, the company demonstrates solid financial health and potential for expansion. Combining these factors with a Momentum score of 4, which indicates a positive market sentiment, suggests a favorable market position for YES BANK in the foreseeable future. However, the company’s low Dividend score of 1 and moderate Resilience score of 2 raise some concerns about its ability to weather economic uncertainties.
Specializing in catering to various industries such as food and agribusiness, life sciences, and information technology, YES BANK’s diverse portfolio positions it well for growth opportunities. While its overall outlook appears optimistic, investors may need to carefully consider the company’s dividend policies and resilience strategies in their long-term investment decisions.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
