Yes Bank shares rise as Q2 profit beats estimates, but AT1 bond verdict hit pegged at Rs 5,217 crore. What lies ahead?

What happened: Yes Bank shares rose after a 17% drop over two sessions, following a 65% year-on-year jump in Q2 net profit. The lender said reported earnings exclude the potential impact of the Supreme Court's AT1 bond ruling. Key numbers: Q2 net profit Rs 1,080 crore, up 65% year-on-year. Shares fell 17% over two sessions. AT1 bond verdict hit pegged at Rs 5,217 crore. Why it matters: Profit beat estimates, but the bank cautioned that reported earnings exclude the AT1 bond ruling's potential impact, leaving the hit pegged at Rs 5,217 crore.

Yes Bank shares rose after a 17% drop over two sessions, following a 65% year-on-year jump in Q2 net profit. The lender said reported earnings exclude the potential impact of the Supreme Court's AT1 bond ruling.

Profit beat estimates, but the bank cautioned that reported earnings exclude the AT1 bond ruling's potential impact, leaving the hit pegged at Rs 5,217 crore.