There is good news for the investors of Yes Bank (Yes Bank Q1 Results 2023). The bank has announced its quarterly results. The company’s net profit has increased by 10 percent in the first quarter of the financial year 2023-24. The company’s net profit during April to June 2024 has been Rs 342.52 crore. Whereas in the June quarter a year ago, the net profit of Yes Bank was Rs 310.63. On Friday, with a gain of about 2 percent, the share price of Yes Bank reached the level of Rs 18.05.

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Yes Bank’s net profit for the January to March quarter was Rs 202.43 crore. That is, if compared quarter by quarter, there has been an increase of 69 percent in the net profit.

In the first quarter of this financial year, the total inker of Yes Bank has been Rs 7584.34 crore. The net profit of the bank was Rs 5876.01 crore in the same quarter last year. That is, if seen on an annual basis, it is known that there has been an increase of 29 percent in the net income of Yes Bank. The good thing for positional investors of Yes Bank is that despite increased provisioning, Yes Bank has been able to maintain its profit for the second year in a row.

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Share prices of Yes Bank have seen a gain of about 13 percent during the last one month. The company’s 52 week high is Rs 24.75 per share on BSE. And the 52 week low is Rs 13.57 per share.