Yes Bank (YESBANK) investor relations material

Executive summary

• Q2 FY27 net profit rose 65% YoY to ₹1,080 crore; operating profit increased 29.4% to ₹1,678 crore and NII grew 22.7% to ₹2,822 crore.

• Total assets reached ₹5,13,770 crore, up 19.8% YoY; advances grew 23.7% and deposits 19.5%.

• Supreme Court upheld the decision setting aside the ₹8,415 crore AT1 write-down; its impact was not recognized in reported Q2 results pending assessment.

Financial highlights

• Total income was ₹4,704 crore, up 19.2% YoY; operating expenses were ₹3,026 crore, up 14.2%, and non-tax provision costs were ₹317 crore versus ₹419 crore.

• Non-interest income rose 14.4% YoY to ₹1,882 crore; core fees increased 15.5% to ₹1,726 crore, including ₹76 crore interest on income-tax refunds.

• Profit before tax was ₹1,360 crore and tax expense ₹280 crore; basic EPS was ₹0.34 versus ₹0.21 in Q2 FY26.

• Security receipt portfolio gains of ₹395 crore were recognized in P&L; expenses excluding specified FCNR-linked commissions, sponsorship marketing and wage-code costs were broadly stable QoQ.

Outlook and guidance

• FY27 full-year ROA guidance remains 1%; H1 ROA was 0.9%, with core ROA nearing 20 bps and improving, while the full-year outcome retains some reliance on non-core items.

• Q3 NIM is expected near Q2 levels with a potential marginal negative bias; Q4 has a positive margin bias from RIDF runoff, repo repricing and FCNR deployment, subject to market conditions.

• RIDF balances are expected to decline ₹8,000 crore in H2 FY27: ₹4,700 crore in Q3 and ₹3,500 crore in Q4, with benefits flowing through with a lag.

• FY28 directionally targets 1% ROA with less reliance on non-core items; capital options are under evaluation to strengthen buffers and support growth.