Yes Bank Share Price Gains 3% Following Release of Q4 Results

Yes Bank Share Price Surges 3% Amid Strong Q4 Results

Yes Bank's share price jumped over 3% on Monday, April 20, following the private bank's robust Q4 results announcement. The company reported a 44.8% increase in net profit year-over-year to ₹1,068.4 crore, up from ₹738 crore during the same time last year.

The bank's strong Q4 results were driven by healthy growth in core earnings, with net interest income (NII) rising 16% year-over-year (YoY) to ₹2,637.7 crore from ₹2,276.3 crore. Net interest margin (NIM) for Q4FY26 improved to 2.7%, up 20 basis points YoY and 10 basis points sequentially, aided by a lower cost of deposits and reduced PSL shortfall balances.

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Loan growth remained robust, with net advances increasing to ₹2.73 lakh crore, up 11.1% YoY and 6.2% quarter-over-quarter (QoQ), driven by strong traction across segments. Retail disbursements surged 41% YoY, while corporate and institutional banking grew 19.7%, commercial banking 14.5%, and retail advances 4.7%.

The quality of assets showed further improvement, as gross non-performing assets (NPAs) fell to 1.3%, and net NPAs decreased to 0.2%. The provision coverage ratio was recorded at 81.9%. Credit costs held steady at 0.2% both for the quarter and the entire year.

Slippages remained stable at ₹1,102 crore, while recoveries were robust at ₹1,547 crore during the quarter, bolstering the overall strength of the balance sheet. According to Emkay Global Financial Services, Yes Bank reported a recovery in performance after a year of loan consolidation, driven by strong corporate lending and modest retail growth.

Improved net interest margins at 2.7%, lower operating costs, and continued provision reversals supported profitability, with Return on Assets (RoA) reaching 1% in Q4FY26 and 0.8% for FY26. The brokerage maintains a SELL rating with a target price of ₹20, citing a still sub-optimal return profile over the medium term.

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ICICI Securities, on the other hand, delivered a strong Q4FY26, supported by improved NIM, CASA growth, and accelerated loan expansion. PAT stood at INR 10.7 billion, up 45% YoY, broadly in line with estimates but higher excluding contingent provisions. RoA reached 1% in Q4FY26 and 0.8% for FY26. The bank benefited from a declining RIDF drag, now at 6% of assets, with further reduction expected. While retail slippages have eased, they remain elevated. ICICI Securities factors in better margins but maintains a HOLD rating, citing limited upside drivers ahead.

Yes Bank's share price today opened at ₹20.81 apiece on the BSE, touching an intraday high of ₹20.82 per share and an intraday low of ₹20.05 apiece. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, the stock opened with a gap-up, but the lack of follow-up buying dragged prices back to Friday's closing level. The stock is facing resistance near the 200-day Simple Moving Average (SMA), placed around 21, and a sustained move above this level is required to resume the uptrend. On the downside, the 50-day Exponential Moving Average (EMA) near 19.5 is acting as immediate support.