YESBANK · Yes Bank Limited · NSE · Filed 18 Jul · 2 min read

YES Bank Q1FY27 net profit rises to ₹1,071 crore; Moody's, CARE, ICRA upgrade ratings, S&P assigns inaugural BB+

The bank reported higher core earnings and improved asset quality alongside rating upgrades and its first S&P Global rating for the quarter ended June 30, 2026.

What was filed

YES Bank disclosed its press release and investor presentation for the unaudited standalone and consolidated results for Q1FY27, the quarter ended June 30, 2026, following its board meeting on July 18, 2026, under Regulation 30 of the SEBI Listing Regulations. The bank reported year-on-year growth across net profit, operating profit and advances, and described the quarter as one of "Strong Growth Momentum, Higher Profitability, Improved Asset Quality and Rating Upgrades."

Earnings and margins

Net profit rose even as, in the words of MD & CEO Vinay M. Tonse, "gains from Security Receipts and treasury fell sharply." The P&L gain from Security Receipts was ₹86 crore this quarter, against ₹338 crore a year earlier — the bank frames the higher profit as evidence of a strengthening core franchise. Net interest margin held steady, cost of deposits fell, and the cost-to-income ratio improved on what the filing terms "positive operating leverage": operating costs grew slower than income.

Balance sheet and asset quality

Advances and deposits both grew year-on-year, with the bank noting sustained retail disbursement momentum and a continued reduction in deposits placed in lieu of priority-sector-lending shortfalls. Asset quality improved: the gross and net NPA ratios both eased, and retail slippages were, per the filing, their lowest in ten quarters. The CET-1 ratio stood at 14.0%. On external ratings, Moody's upgraded to Ba1 from Ba2, CareEdge to CARE AA+ from AA-, ICRA to AA from AA-, and S&P Global assigned an inaugural BB+ rating.

Ownership context in the filing

The presentation reiterates that Sumitomo Mitsui Banking Corporation (SMBC) became YES Bank's largest shareholder, holding 24.9%, with two SMBC nominee directors on the board. State Bank of India, per the shareholding pattern as of June 30, 2026, holds 10.6% and retains one nominee director. The bank frames SMBC's sponsorship as a factor in credit ratings and brand reputation.

Net profit (Q1FY26): INR 801 Crs → INR 1,071 CrsQ1 FY26 → Q1 FY27+34%^‡
Operating profit (Q1FY26): INR 1,358 Crs → INR 1,704 CrsQ1 FY26 → Q1 FY27+25%^‡
Net interest income (Q1FY26): INR 2,371 Crs → INR 2,786 CrsQ1 FY26 → Q1 FY27+18%^‡
Net interest margin (Q1FY26): 2.5% → 2.7%Q1 FY26 → Q1 FY27+8%^‡
Cost to income ratio (Q1FY26): 67.1% → 62.8%Q1 FY26 → Q1 FY27−6%^‡
Net advances (30-Jun-25): INR 241,024 Crs → INR 2,85,118 CrsQ1 FY26 → Q1 FY27+18%^‡
Total deposits (30-Jun-25): INR 275,843 Crs → INR 3,15,373 CrsQ1 FY26 → Q1 FY27+14%^‡
Gross NPA ratio (Q1FY26): 1.6% → 1.3%Q1 FY26 → Q1 FY27−19%^‡

CET-1 ratio: 14.0%
Return on assets (Q1FY27): 0.9%
Moody's rating: Ba1 (from Ba2)
S&P Global rating: BB+ (inaugural)

‡ Computed by us from the filing’s own figures — not a company-stated number.

Quarterly results, asset-quality metrics and external rating actions are the routine data points holders track to gauge a bank's earnings trajectory and funding costs; this filing consolidates them for Q1FY27. The figures are unaudited and subject to a limited review by the joint statutory auditors.