New Delhi: Shares of Yes Bank ended nearly 4 percent lower on Thursday, wiping-out Rs 2,752 crore from its market valuation after the company's non-performing assets assets swelled in the March quarter.
The stock declined by 3.76 percent to end at Rs 1,545.10 on BSE. During the day, it slumped 6.5 percent to Rs 1,501.
At NSE, shares of the company slipped 3.75 percent to close the day at Rs 1,545.15.
Consequently, the company's market valuation fell by Rs 2,752.38 crore to Rs 70,531.62 crore.
On the volume front, 6 lakh shares of the company were traded on BSE and over 78 lakh shares changed hands on NSE during the day.
Yes Bank yesterday reported a 30.2 percent rise in net profit at Rs 914.12 crore for the last quarter of 2016-17, even as its bad assets swelled.
The private sector lender had registered a standalone net profit of Rs 702.11 crore in the corresponding January-March period of 2015-16.
Total income (standalone) of the bank grew 29.4 percent to Rs 5,606.38 crore compared to Rs 4,331.11 crore in the corresponding period a year ago, the bank said in a regulatory filing.
However, the asset quality of the bank slipped, with gross non-performing assets (NPAs) or bad loans rising to 1.52 percent of gross advances as on March 31, 2017, as against 0.76 percent a year ago.
Net NPAs rose to 0.81 percent of net loans disbursed from 0.29 percent earlier.