Yes Bank Q2 preview: Will strong profit, NII growth offer relief for investors amid AT-1 bond saga?
Yes Bank is in focus in a quarterly results development.
· Economic Times Markets, ET Stocks
Yes Bank is expected to post a 48% YoY jump in Q2 net profit to Rs 969 crore, driven by robust loan growth and higher NII. However, investor focus remains on the Supreme Court ruling invalidating its Rs 8,415 crore AT-1 bond write-off, which has pressured the stock.
The analysis
Yes Bank reported Rs 969 crore and Rs 8,415 crore, with movement of 48% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.4% on the day at ₹17.50, and has returned -26.3% over three months. It sits 31% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -3.1% over the same period, so Yes Bank is running 23.2 points behind its peers.
For Yes Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is YESBANK.
- Sector exposure: Banks.
- The immediate tone of coverage reads positive.
In this story
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