SBI: Growth despite NPA concerns - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

StockSelect
  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SBI: Growth despite NPA concerns

Jan 30, 2004

SBI, the public sector banking behemoth, has reported a 17% YoY growth in its bottomline despite a marginal fall in topline for the December quarter. What is also noteworthy is the fact that this bottomline growth is despite a strong fall in other income as well as a rise in provisioning. SBI has managed to improve upon its operating margins on the back of falling interest expenses and relatively slow growth in operating expenses.

(Rs m) 3QFY03 3QFY04 Change 9mFY03 9mFY04 Change
Income from Operations 77,055 74,374 -3.5% 230,664 228,216 -1.1%
Other Income 13,614 11,219 -17.6% 35,339 55,299 56.5%
Interest Expenses 53,100 46,644 -12.2% 158,562 149,489 -5.7%
Net interest income 23,955 27,730 15.8% 72,102 78,727 9.2%
Other Expenses 18,843 20,946 11.2% 54,767 62,145 13.5%
Operating Profit 5,112 6,784 32.7% 17,335 16,582 -4.3%
Operating Profit Margin (%) 6.6% 9.1%   7.5% 7.3%  
Provisions and Contingencies 5,493 7,080 28.9% 14,455 30,112 108.3%
Profit before Tax 13,233 10,923 -17.5% 38,219 41,770 9.3%
Tax 5,363 1,729 -67.8% 14,545 13,684 -5.9%
Profit after Tax/(Loss) 7,871 9,194 16.8% 23,675 28,085 18.6%
Net Profit Margin (%) 10.2% 12.4%   10.3% 12.3%  
No. of Shares (m) 526.3 526.3   526.3 526.3  
Diluted Earnings per share* 59.8 69.9   60.0 71.2  
P/E Ratio         8.4  
*(annualised)            

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In


Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms

SBI SHARE PRICE


Sep 28, 2020 (Close)

TRACK SBI

COMPARE SBI WITH

MARKET STATS