SBI Q3 Results: 84%of SBI net profit in Q3; So far low share price

SBI Q3 Results: State Bank of India (SBI), the country’s largest public sector bank, increased by 84.32 percent to Rs 16,891.44 crore on one year basis for the third quarter (Q3Fy25). The company’s profit was Rs 9,163.96 crore in the same period last year. The net profit declined by 8 percent. In the morning, the price of SBI fell by 1.31 percent for Rs 756.10 in the morning.

Interest income is Rs 1,17,427 crore

SBI interest income in Q3 increased to Rs 1,17,427 crore. This reflects a 10% increase in the last financial year in the last financial year in the same quarter as compared to Rs 1,06,734 crore. The bank’s net interest income (NII), which indicates the difference between interest on loan and interest on deposits, has increased by 4 % to Rs 41,446 crore. The bank exchange filing said that in the third quarter of the financial year, management benefits increased by 15.81 percent to Rs 23,551 crore compared to the year.

Asset quality

SBI asset quality is stable compared to the same period last year. The gross NPA ratio declined from 2.13% to 2.13% in the September quarter in the December quarter. The net NPA is 0.53%. It was equal to 0.53% recorded in the previous quarter. This Q3 has a Capital Educational Ratio (CAR) 13.03 %.

SBI share price

State Bank of India (SBI) shares fell by 1.58 percent to Rs 753.95 in the trading session on Thursday, even after the public sector bank announced strong results for the December quarter. SBI’s stock price in BSE opened at Rs 769.65 on Thursday. Stock hit Intrade High.770.95 and Intrade minimum at Rs 750. According to Mehta Equity Limited Technical Analyst Riank Arora, SBI has a major support for 749 levels. If it breaks, the share price may be reduced by 735 or 730.

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