YESBANK's Q2 FY27 numbers came in strong, with revenue of Rs. 10,521.35 Cr (+16.60% YoY) and PAT growth of +65.02% YoY. Here's a quick read of what worked, what to watch, and what management said.
Quick Details| Results date | October 17, 2026 |
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| Quarter | Q2 FY 2026-2027 |
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| Revenue (Q2) | Rs. 10,521.35 Cr (+16.60% YoY) |
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| PAT (Q2) | Rs. 1,080.00 Cr (+65.02% YoY) |
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| EPS (Q2) | Rs. 0.34 (+61.90% YoY) |
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| Market cap | Rs. 54,932.09 Cr |
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| CMP | Rs. 17.50 |
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Quarter Snapshot
YES BANK delivered 65% YoY PAT growth to Rs.1,080 Cr on 22.7% NII growth and a 24.2% decline in provisions, while advances growth of 23.7% exceeded the FY27 guidance of 15-17% and GNPA improved to 1.2%, the best in the available series. The Supreme Court's October 15, 2026 ruling setting aside the Rs.8,415 Cr AT-1 bond write-down remains unrecognized — proforma Q2 PAT would be a loss of Rs.5,217 Cr — and the auditors issued a modified opinion on the matter. CASA slipped to 30.0% and CAR declined to 14.5%, the sequential pressure points against the full-year 1% ROA target.
Key Investment Insights
Key Positives
- PAT grew 65.0% YoY to Rs.1,080 Cr (EPS Rs.0.34 vs Rs.0.21); H1 PAT of Rs.2,151 Cr up 47.8% YoY
- NII grew 22.7% YoY to Rs.2,822 Cr, above system credit growth of ~18-19%
- Advances grew 23.7% YoY, exceeding FY27 guidance of 15-17%; deposits grew 19.5% YoY
- GNPA improved to 1.2% (best in available series) from 1.6% YoY; NNPA stable at 0.2%
- Provisions fell 24.2% YoY to Rs.317.4 Cr; credit cost ~0.11% against the <50 bps outlook
- PPOP grew 29.4% YoY to Rs.1,677.8 Cr; PPOP margin expanded ~160 bps YoY to 15.95%
- Treasury segment result rose 88.3% YoY to Rs.715 Cr; retail banking segment loss narrowed to Rs.14.6 Cr from Rs.358 Cr in Q2FY26
- Rs.258 Cr Security Receipt recovery received on September 30, 2026, against FY27 guidance of Rs.800-1,000 Cr
Risk Factors
- Supreme Court judgment (October 15, 2026) set aside the Rs.8,415 Cr AT-1 bond write-down; unrecognized in books — proforma Q2 net profit would be Rs.(5,217) Cr versus reported Rs.1,080 Cr, with net worth reducing from Rs.53,268 Cr to Rs.46,970 Cr
- Auditors issued a modified opinion (qualified conclusion) on the AT-1 bond matter
- CASA ratio fell to 30.0% (provisional) from 32.7% QoQ and 33.7% YoY; interest expense rose 10.6% QoQ, compressing PPOP margin ~136 bps sequentially
- Capital adequacy ratio declined to 14.5% from 15.3% in March 2026 as risk-weighted asset growth outpaced capital growth
- PPOP declined 1.5% QoQ; Corporate Banking segment result fell 9.2% QoQ with segment margin compressing from 18.8% to 15.8%