Yes Bank Reports Strong Financial Performance in Q3 2023, PAT Grows by 349.3%

Yes Bank, one of the leading private banks in India, has recently announced its financial results for the quarter ended December 2023. The company has shown a positive performance with a score of 19, which is a significant improvement from 0 in the last 3 months.

One of the key highlights of the financials is the Profit After Tax (PAT) which has grown by 349.3% year on year, reaching Rs 231.46 crore. This is a clear indication of the bank's strong financial position and its ability to generate profits. The trend for PAT in the near term is also very positive.

Another positive aspect of the financials is the Interest Earned, which has been the highest at Rs 6,984.85 crore and has shown growth in each quarter of the last five quarters. This indicates a strong sales trend for the bank in the near term.

On the other hand, the Non Operating Income for the quarter is 386.21% of the Profit Before Tax (PBT). This suggests that the bank's income from non-business activities is high, which may not be a sustainable business model in the long run.

The Gross NPA (Non-Performing Assets) for the quarter is the lowest at 2.00% in the last five quarters. This shows that the proportion of stressed loans given by the bank is decreasing, which is a positive sign.

However, the Capital Adequacy Ratio (CAR) for the quarter is the lowest at 16.00% in the last five quarters. This indicates that the bank's capital base is deteriorating in comparison to its risk assets.

Overall, Yes Bank has shown a positive financial performance in the quarter ended December 2023. However, investors are advised to hold their stocks as recommended by MarketsMOJO, considering the bank's non-operating income and CAR.