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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  State Bank of India    SBIN   INE062A01020

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State Bank of India : Net Profit Jumped in Jan-Mar Quarter

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05/19/2017 | 09:27am CEST
   By Debiprasad Nayak 
 

MUMBAI--State Bank of India, the country's largest lender by assets, said net profit more than doubled in the latest quarter, buoyed by higher net interest income.

Net profit in the three months ended March 31 rose to 28.15 billion rupees ($434 million), from 12.64 billion rupees a year ago, the company said Friday. That was slightly below analysts' prediction of 28.33 billion rupees, according to a Thomson Reuters survey.

Net interest income rose 17.3% to 180.71 billion rupees.

Net bad loans fell marginally to 3.71% of total loans from 3.81% a year earlier.

Shares of State Bank of India were up 1.1% at 306.15 rupees on Mumbai's BSE stock exchange after the release of the results.

Write to Debiprasad Nayak at [email protected]

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Financials ( INR)
Sales 2018 1 035 806 M
EBIT 2018 501 707 M
Net income 2018 147 407 M
Debt 2018 -
Yield 2018 1,21%
P/E ratio 2018 15,72
P/E ratio 2019 11,09
Capi. / Sales 2018 2,26x
Capi. / Sales 2019 2,04x
Capitalization 2 342 532 M
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Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 324  INR
Spread / Average Target 12%
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Managers
NameTitle
Dinesh Kumar Khara Managing Director
Arundhati Bhattacharya Chairman
Neeraj Vyas Chief Operating Officer & Deputy Managing Director
Anshula Kant Chief Financial Officer & Deputy Managing Director
Mrityunjay Mohapatra Chief Information Officer & Deputy MD
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1st jan.Capitalization (M$)
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