Yes Bank Ltd

Q2 FY26Banks

Yes Bank Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹18

Market cap₹54.9K Cr

P/E14.5

Updated16 Oct 2026

Read4 min read

The short version

Large Corporate banking book is already growing in the teens, excluding rundown legacy book. YES BANK targets a 1% Return on Assets (ROA) by FY '27, indicating improved profitability.

From Yes Bank Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Large Corporate banking book is already growing in the teens, excluding rundown legacy book.
Commercial banking is growing at around 20%.
Retail disbursement growth is at ~19%, but book growth will lag due to repayments; expected to reach teens growth over next 4-6 quarters.
Targeting double-digit loan growth (~10%) in FY '26 with Retail loans growing around 4-5%.
FY '27 expected to show better growth than FY '26.
Real growth numbers across focus segments expected to express more emphatically in 3-4 quarters.

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Profitability & Margins

YES BANK targets a 1% Return on Assets (ROA) by FY '27, indicating improved profitability.
Operating Profit grew robustly by 32.9% Y-o-Y in Q2 FY '26 and is expected to keep growing.
Net Profit for Q2 FY '26 stood at INR 654 crores, up 18.3% Y-o-Y (30% after normalization).
Loan growth is targeted at a double-digit rate (~10%) for FY '26, with retail loans growing around 4-5%, expected to improve further in FY '27.
Operating efficiency is stable with Cost-to-Income ratio at 67.1%, OPEX growth controlled at 0.6% Y-o-Y.
NIMs (~2.5%) are expected to expand due to reduction in RIDF deposits, deposit re-pricing, and other margin drivers.
Retail business disbursements growing at ~19%, with profitability expected to improve as breakeven is reached.

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Capital Expenditure Plans

The document does not explicitly mention any specific current or future capex, capital investment, or strategic investment plans by YES BANK Limited. However, the following points are relevant: - The bank is focused on growing profitable loan segments with significant disbursement growth in Retail (~19%) and Corporate banking (teens growth), indicating investments in these areas. - YES BANK is expanding its branch network, targeting the opening of 80 new branches in the year, with 43 already opened—implying capital expenditure on branch expansion.

- The collaboration with SMBC brings in expertise and opportunities to leverage transaction banking, corporate relationships, and co-lending with NBFCs, which could involve strategic investments. - The bank continues investing in building Retail banking after reconstruction, achieving breakeven and aiming to increase profitability from this segment. No explicit mention of large-scale capital expenditure or strategic investment beyond these operational growth initiatives is noted.

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Top-ranked in Banks

Ranked on what management guided this quarter

Guidance-ranked

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4₹61.4K Cr

Rev 2Mar 3

5₹58.7K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript does not explicitly mention any current or future fundraising through debt or equity. However, relevant points include: - SMBC has recently increased its stake to 24.2% by purchasing further stake from a private equity investor, indicating some equity transaction in the recent past. - No direct commentary on any new or future debt or equity issuance during the quarter or in the near future. - The bank focuses on reducing cost of funds and improving deposit strategies, which suggests an emphasis on internal funding rather than new fundraising.

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Order Book & Pipeline

The provided transcript and pages from YES BANK's Q2 FY '26 Earnings Call do not explicitly mention details about the Bank's current or expected orderbook or pending orders. The discussion primarily focuses on: - Loan growth targets across Corporate, Commercial, and Retail banking segments. - Profitability metrics like ROA and ROE. - Deposit growth, cost-to-income ratio, NIM, and provision details.

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What Yes Bank's management said in earlier quarters

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Frequently Asked Questions

What were Yes Bank Ltd Q2 FY26 results?

Large Corporate banking book is already growing in the teens, excluding rundown legacy book. YES BANK targets a 1% Return on Assets (ROA) by FY '27, indicating improved profitability.

What is Yes Bank Ltd share price analysis?

Yes Bank Ltd currently shows a neutral. The stock trades at a P/E of 14.5 with a market cap of ₹54,930 Cr. Investors should review the full earnings analysis for detailed insights.

Is Yes Bank Ltd planning capital expenditure?

The document does not explicitly mention any specific current or future capex, capital investment, or strategic investment plans by YES BANK Limited.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Banks

Fundraising & Capital Structure

Order Book & Pipeline

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What Yes Bank's management said in earlier quarters

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Frequently Asked Questions

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