Yes Bank shares suffer sharp losses after Q4 results - whats worrying investors?

Yes Bank shares fell on Monday after the private sector lender reported a 45 per cent fall in net profit for the January-March 2023 period. The Yes Bank stock dropped by Re 50 or 3.1 per cent to end at Rs 15.7 apiece on BSE, having slumped as much as 4.6 per cent to Rs 15.5 apiece during the session.

Yes Bank share price: What's hurting the Yes Bank stock?

On Saturday, Yes Bank reported a net profit of Rs 202.4 crore for the quarter ended March 31, 2023, as against a net profit of Rs 367.5 crore for the corresponding quarter a year ago. 

Yes Bank Q4 results: What do NII, NIM and asset quality signal?

Its net interest income (NII) — or the difference between interest earned and interest paid — grew 15.7 per cent to Rs 2,105.3 crore for the three-month period on a year-on-year basis, according to a regulatory filing. 

Yes Bank's net interest margin (NIM) — a key measure of a financial institution's profitability — came in at 2.8 per cent, up by 30 basis points compared with the year-ago period. 

The lender's asset quality worsened, with gross non-performing assets (NPAs) — or gross bad loans — rising to 2.17 per cent of total loans for the quarter ended March 2023 from 2.02 per cent for the previous three months. 

The lender reported Rs 618 crore in provisions and contingencies, as against Rs 271 crore a year ago, according to the filing.

Yes Bank share price: Q4 performance 

Yes Bank shares lost 26.9 per cent of their value in the March quarter, a period in which the Nifty headline index fell 4.1 per cent. 

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