YBYes Bank532648Quarterly results

Q2FY27 results: net profit up 65.0% to INR 1,080 Crs, AT-1 judgment pro forma impact shown

Net Profit INR 1,080 Crs, up 65.0% Y-o-Y.

By ScoutQuest · Sat 17 Oct 2026, 8:13 PM IST · 2 min read

Net Profit

INR 1,080 Crs, up 65.0% Y-o-Y

Total Deposits

INR 3,54,004 Crs, up 19.5% Y-o-Y

GNPA / NNPA

GNPA 1.2%, NNPA 0.2%

Headline numbers

• Net Profit for Q2FY27 at INR 1,080 Crs, up 65.0% Y-o-Y
• Operating Profit at INR 1,678 Crs, up 29.4% Y-o-Y
• Net Interest Income at INR 2,822 Crs, up 22.7% Y-o-Y and 1.3% Q-o-Q
• NIM at 2.6% v/s 2.5% in Q2FY26; Cost-to-Income Ratio at 64.3% v/s 67.1%
• RoA at 0.9% and RoE at 8.2%
• Basic EPS INR 0.34

Balance sheet

• Total Deposits at INR 3,54,004 Crs, up 19.5% Y-o-Y and 12.2% Q-o-Q
• Advances at INR 3,09,510 Crs, up 23.7% Y-o-Y; normalised for FCTL related to FCNR (B), growth was 17.6% Y-o-Y and 3.2% Q-o-Q
• CASA Deposits at INR 1,06,175 Crs, up 6.5% Y-o-Y
• Retail & Branch-led Deposits at INR 2,07,985 Crs, up 20.9% Y-o-Y, and 58.8% of Total Deposits
• Total Assets at INR 5,13,770 Crs, up 19.8% Y-o-Y
• FCNR (B) mobilisation during the RBI concessional swap window aggregated INR 18,575 Crs (~US$ 1.94 bn)

Asset quality

• GNPA ratio 1.2% v/s 1.6% in Q2FY26 and 1.3% in Q1FY27
• NNPA ratio 0.2% v/s 0.3% in Q2FY26
• PCR at 80.5%
• Gross Slippages for the quarter were INR 1,035 Crs (1.3% of Advances)
• Recoveries & Upgrades at INR 954 Crs

Capital and ratings

• CET 1 Ratio at 13.7% v/s 13.9% in Q2FY26 and 14.0% in Q1FY27
• CRAR at 14.5%; Book Value per share INR 17.0
• CRISIL upgraded long-term ratings to 'CRISIL AA+ (Stable)' from 'CRISIL AA- (Stable)'; India Ratings upgraded to 'IND AA+ (Stable)' from 'IND AA- (Stable)'

The Supreme Court judgment on AT-1 Bonds

• The Supreme Court, vide its judgment dated October 15, 2026, upheld the Bombay High Court judgment relating to the write-down of the Bank's Additional Tier 1 Bonds aggregating INR 8,415 Crs and dismissed the appeals shared in the matter
• The Bank states it respects the judgment and is evaluating the consequential actions, implementation requirements, financial and regulatory implications, and available legal remedies
• No impact arising from the judgment has been recognised in the reported Q2FY27 financial results

The pro forma picture

• Alongside the reported numbers, the presentation carries an indicative and unaudited pro forma table assuming the estimated financial impact as at September 30, 2026
• Net Profit: reported 1,080, pro forma (5,217)
• CET-1: reported 13.7%, pro forma 11.4%
• RoA: reported 0.9%, pro forma -4.3%
• The Bank states these pro forma estimates are subject to revision based on consequential actions, further legal assessment and final accounting and regulatory treatment

What a retail investor can take away

• Two distinct things sit in this release: a quarter of higher profit, deposits and advances with improved asset quality ratios, and a legal outcome on AT-1 bonds whose accounting treatment is still being assessed
• The reported Q2FY27 profit of INR 1,080 Crs does not include any impact of the judgment
• The pro forma table shows the size of the swing if the estimated impact were taken into account
• An investor/analyst call is scheduled on October 19, 2026

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