YES Bank Q4FY26 preview: NII seen near ₹2,560 cr

Results date, board meeting and what investors know so far

YES Bank Ltd is scheduled to announce its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026 on Saturday, April 18. The Mumbai-based private sector lender disclosed the date through an exchange filing dated April 8. The filing said the bank’s board of directors will meet in Mumbai to “consider and approve” the audited results for Q4 and the full year.

The timing matters because the bank has also scheduled an analyst and investor interaction the same day. In a separate exchange filing dated April 9, YES Bank said it will host a conference call at 3:00 pm to discuss the financial results. That implies the results should be out before 3 pm.

Conference call: time, leadership and dial-in access

The April 18 call is positioned as the main forum for management to walk investors through headline numbers and key business drivers. The bank has indicated senior management participation on the call, including MD and CEO Vinay Tonse, Executive Directors Rajan Pental and Manish Jain, CFO Niranjan Banodkar, and Head of Investor Relations and Sustainability Sunil Parnami.

For domestic participants, the universal access numbers shared are +91 22 7115 8034 and +91 22 6280 1133. The bank has also circulated international toll-free options in markets including Hong Kong, Singapore, the UK and the US. The call timing is 3:00 pm IST.

Trading window closure: compliance ahead of results

Ahead of the Q4FY26 earnings, YES Bank has highlighted trading window restrictions under SEBI’s insider trading prevention framework. As per the information provided, the trading window for dealing in the bank’s securities is closed for all designated employees and their immediate relatives from April 1 until two days after publication of the Q4FY26 results.

A separate disclosure note in circulation also mentions a closure starting March 26, 2026 and continuing until two days after results. The common point across the disclosures is that trading remains restricted until shortly after the audited results are published.

Street’s Q4FY26 expectations: NII and margins in focus

Brokerages tracking YES Bank are largely clustered around a net interest income (NII) estimate in the ₹2,480 crore to ₹2,560 crore range for Q4FY26. Margin commentary will be closely tracked, with forecasts pointing to either a contraction to 2.8% (Kotak Institutional Equities) or an improvement to 2.65% (ICICI Securities), depending on assumptions.

Kotak Institutional Equities expects NII of ₹2,478.2 crore, up 8.9% year-on-year and 0.5% quarter-on-quarter, with net interest margins (NIMs) contracting to 2.8%. The brokerage expects pre-provisioning operating profit (PPOP) of ₹1,765.3 crore, up 1.5% YoY and 8.1% QoQ, and net profit of ₹765 crore, up 3.6% YoY but down 19.6% QoQ.

JM Financial expects NII of ₹2,499.2 crore, up 9.8% YoY and 1.4% QoQ, PPOP at ₹1,296 crore (down 1.4% YoY but up 5.1% QoQ), and net profit at ₹946.3 crore, up 28.3% YoY and 0.4% sequentially.

How estimates differ: PPOP and profit dispersion

ICICI Securities has the most optimistic profit forecast among the listed estimates, projecting Q4FY26 NII at ₹2,558.4 crore (up 12.4% YoY and 3.8% QoQ). It expects PPOP of ₹1,439.7 crore (up 41.8% YoY and 16.7% QoQ) and net profit of ₹1,065.9 crore (up 44.4% YoY and 12% QoQ). ICICI Securities also expects NIMs to improve to 2.65%.

Anand Rathi Share & Stock Brokers expects NII at ₹2,543.9 crore (up 11.9% YoY and 3.2% QoQ), PPOP at ₹1,342.5 crore (up 2.1% YoY and 8.8% QoQ), and net profit at ₹872.1 crore (up 18.2% YoY but down 8.4% QoQ).

Kotak’s preview note flags potential quarter-to-quarter volatility due to the nature of income booked when security receipts mature and the impact of RIDF investments. The note also states deposit growth has accelerated to 12% YoY, aided strongly through certificates of deposit, and expects steady traction on recovery and upgrades from the retail portfolio.

Key numbers at a glance (dates and events)

Broker estimates table: NII, PPOP, profit and margin

Recent reported performance: what Q3FY26 indicated

YES Bank’s Q3FY26 numbers set the immediate context for Q4 expectations. The bank reported a 1.5% YoY decline in consolidated total income to ₹9,272.31 crore in Q3FY26, compared with ₹9,416.05 crore in Q3FY25. Net profit rose 54.44% YoY to ₹956.55 crore in Q3FY26 from ₹619.38 crore in Q3FY25.

These numbers make Q4FY26 particularly relevant for investors watching the sustainability of profitability and the balance between margins and growth. With multiple brokerage estimates pointing to different paths for net profit, management commentary on the call is likely to be used to reconcile what drove quarterly movements.

Management transition and upcoming shareholder event

The earnings come shortly after a leadership transition at the bank. YES Bank has stated that Prashant Kumar completed his tenure and stepped down as Chief Executive Officer on April 5, 2026. The bank has also said Vinay Tonse is to assume charge as CEO from April 6, 2026 for a three-year tenure.

In addition, a special or extraordinary shareholders meeting is scheduled via postal ballot in India on April 24, 2026, as per the filing details provided. The proximity of this schedule to the earnings date adds another event for shareholders to track.

Ratings and target prices: where broker stances stand

On valuation calls, Kotak Institutional Equities and JM Financial have a ‘sell’ rating on YES Bank, with target prices of ₹17 and ₹15, respectively. Anand Rathi also has a ‘sell’ rating. ICICI Securities has a ‘hold’ rating with a target price of ₹24.

What to watch on April 18

The bank’s disclosure makes April 18 a single-day cluster of catalysts: audited results and a post-results call. For markets, the focus is likely to remain on NII growth, NIM trajectory, and how operating profit converts into net profit in a quarter that brokerages expect could see volatility from specific income line items.

The next confirmed milestones are the 3 pm earnings call on April 18 and the postal ballot based shareholder meeting scheduled on April 24, 2026.