State Bank of India plunges on reporting 18% decline in Q4FY13 net profit

23 May 2013 Evaluate

State Bank of India is currently trading at Rs. 2178.25, down by 195.30 points or 8.26% from its previous closing of Rs. 2364.30 on the BSE.

The scrip opened at Rs. 2351.05 and has touched a high and low of Rs. 2354.80 and Rs. 2154.50 respectively. So far 1052342 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2550.00 on 10-Jan-2013 and a 52 week low of Rs. 1816.20 on 30-Aug-2012.

Last one week high and low of the scrip stood at Rs. 2469.25 and Rs. 2347.25 respectively. The current market cap of the company is Rs. 148301.99 crore.

The promoters holding in the company stood at 62.31% while Institutions and Non-Institutions held 26.78% and 8.49% respectively. 

State Bank of India has reported results for the quarter and year ended March 31, 2013

The bank’s net profit contracted by 18.54% at Rs 3299.22 crore for the fourth quarter as compared to Rs 4050.27 crore for the quarter ended March 31, 2012. However, total Income of the bank has increased by 6.98% to Rs 36330.87 crore for the quarter ended March 31, 2013 from Rs 33959.54 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the bank’s net profit surged by 20.48% at Rs 14104.98 crore as compared to Rs 11707.29 crore for the year ended March 31, 2012. Bank’s total Income has increased by 12.26% to Rs 135691.94 crore for the year under review from Rs 120872.90 crore for the previous fiscal.

On consolidated basis, Group’s FY13 net profit after Minority Interest and share of Profit / (Loss) of Associates increased by 16.77% at Rs 17916.23 crore as compared to Rs 15343.10  crore in FY12. Its total Income has increased by 13.38% to Rs 200559.83 crore for the year ended March 31, 2013 from Rs 176888.97 crore for the previous year.

SBI Share Price

817.85 5.95 (0.73%)
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Peers
Company Name CMP
SBI 817.85
Bank Of Baroda 261.25
PNB 125.05
Canara Bank 113.80
Union Bank Of India 139.15
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