Yes Bank shares close nearly 2% up as Q3 net profit rises

Shares of Yes Bank today closed nearly 2 per cent up after the company reported an increase in net profit for the third quarter ended December, 2013.

The bank's scrip ended at Rs 353.05, up 1.95 per cent, on the BSE. During intra-day trade, it had gained 2.8 per cent to Rs 356.

At the NSE, the bank's stock rose 1.92 per cent to close at Rs 353.25.

Yes Bank today reported 21.4 per cent rise in net profit at Rs 415.6 crore for the third quarter ended December, 2013.

It had reported a net profit of Rs 342.3 crore during the same period of the 2012-13 fiscal, Yes Bank said in a statement.

The net interest income rose by 13.3 per cent to Rs 665.4 crore as compared to Rs 584.3 crore in the same quarter of previous fiscal.

The total income of the bank increased to Rs 2,902 crore from Rs 2,446.83 crore in the year-ago period.


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