State Bank Of India
1.70 (0.16%) SBI trades jubilantly on reporting 35% rise in Q3 consolidated net profit
Date: 13-02-2015State Bank of India (SBI) is currently trading at Rs. 300.90, up by 16.50 points or 5.80% from its previous closing of Rs. 284.40 on the BSE.
The scrip opened at Rs. 287.60 and has touched a high and low of Rs. 303.40 and Rs. 285.50 respectively. So far 5461449 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 335.90 on 28-Jan-2015 and a 52 week low of Rs. 145.60 on 14-Feb-2014.
Last one week high and low of the scrip stood at Rs. 303.40 and Rs. 276.00 respectively. The current market cap of the company is Rs. 218148.66 crore.
The promoters holding in the company stood at 58.60% while Institutions and Non-Institutions held 31.00% and 8.28% respectively.
State Bank of India (SBI) has reported a rise of 30.24% in its net profit at Rs 2910.06 crore for the quarter under review as compared to Rs 2234.34 crore for the same quarter in the previous year. However, total income of the bank has increased 12.07% at Rs 43783.91 crore for Q3FY15 as compared Rs 39067.91 crore for the corresponding quarter previous year.
On the consolidated basis the bank’s net profit after minority interest rose 34.86% to Rs 3828.20 crore for the Q3 FY15, as compared to Rs 2838.62 crore in Q3 FY14. The total income increased 10.15% to Rs 64604.62 crore in the quarter under review as compared to Rs 58649.33 crore in the corresponding quarter previous year.
Gross non-performing assets (NPAs) improved to 4.90% in the October- December quarter as against 5.73% in the same quarter previous year, while net NPAs stood at 2.80%.