Yes Bank (YESBANK) Q4 25/26 earnings summary

Executive summary

• Achieved highest-ever quarterly and annual net profit since reconstruction, with FY26 net profit at INR 3,476 crore (up 44.5% YoY) and Q4 net profit at INR 1,068 crore (up 44.7% YoY).

• ROA improved to 0.8% for FY26 and reached 1% in Q4, meeting guidance.

• Asset quality at best levels in 24 quarters, with GNPA at 1.3% and NNPA at 0.2%.

• Deposit base crossed INR 3 lakh crore, with CASA ratio at 35.1% in Q4FY26 (up 80 bps YoY).

• Operational efficiency enhanced, with cost-to-income ratio improving to 63.0% in Q4FY26 and 66.7% for FY26.

Financial highlights

• Net interest income for Q4FY26 was INR 2,638 crore (up 15.9% YoY); FY26 NII at INR 9,776 crore (up 9.3% YoY).

• Non-interest income for FY26 at INR 6,759 crore (up 15.4% YoY).

• PPOP for FY26 at INR 5,506 crore (up 29.4% YoY); operating profit for Q4FY26 at INR 1,618 crore (up 23.1% YoY).

• NIM improved to 2.7% in Q4FY26 and 2.6% for FY26, up 20 bps YoY.

• Total assets grew 10.8% YoY to INR 469,105 crore; advances at INR 273,445 crore (up 11.1% YoY); deposits at INR 318,969 crore (up 12.1% YoY).

Outlook and guidance

• Advances expected to grow in line with industry at 13%-15% for FY27.

• Retail book targeted to grow 10%-11%, corporate book at 20%, commercial banking at 18%.

• NIM targeted structurally at 3.25%-3.5% over 2-3 years.

• ROA to be sustained at 1% with internal goal to improve by 25-50 bps over next 2-3 years.

• RIDF balances to be reduced below 5% of total assets by FY27; targeting further reduction and maintaining NIL PSL shortfall.