Shares of YES BankNSE -10.16 % tanked nearly 15 per cent in Thursday's session after the lender posted a 91 per cent year-on-year (YoY) fall in net profit at Rs 113.76 crore for the quarter ended June 2019, on account of Rs 6,232 crore addition to the non-performing assets.
It had posted a net profit of Rs 1260.36 crore in the corresponding quarter last year and a loss of Rs 1,506.64 crore in the preceding quarter.
The scrip declined 14.98 per cent to hit a fresh 52-week low of Rs Rs 83.70 on BSE.
The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to Rs 3,408 crore in the previous quarter, resulting in the gross non-performing assets ratio to rise to 5.01 per cent against 1.31 per cent in the year-ago period and 2.91 per cent three months ago.
Total provisions of the lender jumped to Rs 1,784.1 crore, up nearly three times over Rs 625.70 crore made in the same quarter last year. The bank made Rs 3,661.70 crore provisions in the March quarter.
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