Yes Bank gains on 32% increase in Q1 net profit

NEW DELHI: Shares of Yes Bank gained over 4 per cent on Thursday after the bank reported a 32 per cent rise in net profit to Rs 966 crore in the quarter through June.

Following the development, the stock advanced 4.33 per cent to end the session Rs 1,786.75 on BSE. It opened at Rs 1,745 and touched an intraday high and low of Rs 1,796.50 and Rs 1,741 respectively.

ET reported that Yes Bank recovered Rs 546 crore from a large cement account that had been classified as an NPA in the previous quarter. This helped reduce its total stressed loans to 1.63 per cent of the loan book from 2.24 per cent in March.

Promoters held 20.14 per cent stake in the company as of June 2017.

The scrip touched its fresh 52-week high of Rs 1,796.50 today on July 27, 2017 and had touched its 52-week low of Rs 1,091.25 on December 26, 2016.