YES Bank, one of the leading private sector banks, witnessed a rise in share price on Thursday after it reported a growth of 30.19% in its second quarter net profit. The bank earned a profit of Rs 4.83 billion for the quarter ended Sept. 30, 2014. Market was expecting profit to come at Rs 4.39 billion.
The bank's quarterly income totaled at Rs 33.38 billion, an increase of 13.27% over Rs 29.47 billion in the same period a year ago. Net Interest Income (NII) grew at 27.4% to Rs 8.56 billion for Q2 FY15 with healthy growth in advances and expansion of NIMs to 3.2% from 2.9% in Q2 FY14.
Shares of the bank are trading at Rs 651.85, up Rs 13.35, or 2.09% at the Bombay Stock Exchange (BSE) on Thursday at 12:07 p.m.
The scrip has touched an intra-day high of Rs 655.10 and low of Rs 635.70. The total volume of shares traded at the BSE is 303,057.