Yes Bank on Saturday reported a standalone net profit of Rs 1,070.99 crore for the April-June quarter of FY27, a 34% year-on-year (YoY) rise from Rs 801.07 crore posted in the corresponding quarter of the previous financial year.The private lender’s net interest income, which is the difference between interest earned and interest expenses, rose around 17.5% YoY to Rs 2,786,46 crore during the first quarter of the ongoing financial year, as against Rs 2,371.47 crore in the year-ago period.Yes Bank’s asset quality improved on a YoY basis, but non-performing assets rose sequentially. Its gross NPA stood at Rs 3,705 crore at the end of the quarter, lower than the Rs 4,022 crore reported in Q1 FY26 but higher than Rs 3,605 crore in Q4 FY26. Net NPA also declined from the same period last year, but increased from the March quarter of FY26 to Rs 677 crore in the June quarter. Gross NPA ratio and net NPA ratio meanwhile stood at 1.3% and 0.2% respectively.Yes Bank’s provisions, however, jumped 39% YoY to Rs 394 crore during the quarter ended June 30, 2026. Debt-equity ratio stood at 0.66%, as against 0.69% in the year-ago period.Also read: PNB Q1 Results: Net profit surges 214% YoY to Rs 5,253 crore; NII up 2%What Yes Bank’s management saidYes Bank has begun FY27 on a strong footing, with Q1 net profit growing around 34% YoY to Rs 1,071 crore, said Yes Bank Managing Director & CEO Vinay M. Tonse. “We delivered higher core earnings even as gains from Security Receipts and treasury fell sharply - clear evidence that the underlying franchise is strengthening,” he said.“Margins held steady at 2.7%, cost-to-income improved further, and asset quality strengthened as slippage eased. We also earned meaningful external validation this quarter — rating upgrades from Moody's, CARE and ICRA, and our inaugural international rating from S&P Global. Growth was broad-based, including sustained momentum in Retail disbursements,” he added.Looking ahead, the executive said that the lender’s focus is clear. It aims to deepen the core, sustain profitability, and create a resilient franchise that delivers lasting value for every stakeholder, he said.Also read: Axis Bank Q1 Results: Net profit jumps 23% YoY to Rs 7,114 crore; NII up 8%Yes Bank share priceYes Bank shares have fallen around 2% in one week and more than 6% in one month to close at Rs 23.61 apiece on Friday. The stock has overall gained more than 9% in 2026 so far.In the longer term, Yes Bank shares delivered 17% returns over one year, 33% returns over three years and 76% returns over five years. The company currently has a market capitalisation of more than Rs 73,853 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)