Yes Bank Q1 net profit jumps 38%; stock down

Yes Bank has announced the following unaudited results for the quarter ended June 30, 2011:

The net profit of the bank surged by 38.18% to Rs216.08 crore for the quarter ended June 30, 2011 as compared to Rs156.37 crore for the quarter ended June 30, 2010.
Total Income of the bank increased by 77.21% to Rs1564.83 crore for the quarter ended June 30, 2011 from Rs883.03 crore for the quarter ended June 30, 2010.

At 12.28 pm, Yes Bank was trading at Rs316, down by 0.77%, with a volume of 2.81 lakh shares on the BSE