Yes Bank is expected to report a 48% year-on-year (YoY) rise in net profit for the September quarter, supported by healthy loan growth and higher interest income, according to an average of estimates from six brokerages. The earnings, due on Saturday, come against the backdrop of a Supreme Court ruling that declared the lender's Rs 8,415 crore AT-1 bond write-off illegal, triggering a sharp sell-off in its shares.
The stock has lost nearly a fifth of its value at its lows over the past two trading sessions after the apex court on Thursday upheld a Bombay High Court judgment setting aside the controversial write-off undertaken during Yes Bank's reconstruction in March 2020.
