SBI Announces Quarterly Results (1QFY20); Net Profit Up 147.4%

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

  • MyStocks

MEMBER'S LOGINX

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

SBI Announces Quarterly Results (1QFY20); Net Profit Up 147.4%
Mon, 5 Aug

SBI has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

SBI Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Operating incomeRs m588,132629,854626,378-0.6%6.5%
Other incomeRs m66,795126,85180,154-36.8%20.0%
Total revenuesRs m654,927756,705706,532-6.6%7.9%
InterestRs m370,148400,316396,990-0.8%7.3%
Gross Profit Rs m217,984229,538229,388-0.1%5.2%
Other expensesRs m165,047187,059177,081-5.3%7.3%
Profit before taxRs m-72,5514,31240,632842.3%
TaxRs m-23,793-4,07217,510
Profit after taxRs m-48,7598,38423,122175.8%
Gross profit margin %37.136.436.6
Effective tax rate%32.8-94.443.1
Net profit margin%-8.31.33.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The bank's operating income (interest earned) during the quarter grew 6.5% on a year-on-year (YoY) basis. The interest expended was up by 7.3% YoY during the same period.
  • The bank's operating profit increased by 5.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 36.6% in 1QFY20.
  • Other income increased by 20.0% YoY during the quarter.
  • Net profit for the quarter increased by 147.4% YoY. Net profit margins during the quarter increased from -8.3% in 1QFY19 to 3.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 0.6% on a quarter-on-quarter (QoQ) basis. The interest expended was down by 0.8% QoQ during the same period.
  • The bank's operating profit increased by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 36.6% in 1QFY20 as against 36.4% in 4QFY19.
  • Net profit for the quarter increased by 175.8% QoQ, while net profit margins increased from 1.3% in 4QFY19 to 3.7% in 1QFY20.

To see how SBI has performed over the last eight quarters,please visit here.

SBI Share Price Performance

Over the last one year,SBI share price has moved down from Rs 298.6 to Rs 295.2, registering a Loss of Rs 3.4 or around 1.1%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 31,081.8 (down 2.6%). Over the last one year it has moved up from 31,079.3 to 31,081.8, a gain of 3 points (up 0.0%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 295.2, the price to earnings (P/E) ratio of SBI stands at 28.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

Equitymaster requests your view! Post a comment on "SBI Announces Quarterly Results (1QFY20); Net Profit Up 147.4%". Click here!

  

Related Views on News

SBI Announces Quarterly Results (3QFY20); Net Profit Up 41.2% (Quarterly Result Update)

Feb 1, 2020 | Updated on Feb 1, 2020

For the quarter ended December 2019, SBI has posted a net profit of Rs 56 bn (up 41.2% YoY). Sales on the other hand came in at Rs 677 bn (up 8.7% YoY). Read on for a complete analysis of SBI's quarterly results.

SBI Announces Quarterly Results (2QFY20); Net Profit Up 218.7% (Quarterly Result Update)

Oct 29, 2019 | Updated on Oct 29, 2019

For the quarter ended September 2019, SBI has posted a net profit of Rs 30 bn (up 218.7% YoY). Sales on the other hand came in at Rs 643 bn (up 9.4% YoY). Read on for a complete analysis of SBI's quarterly results.

Two Meetings That Nailed the Idea of Owning Brilliant Smallcaps Without Buying Them (The 5 Minute Wrapup)

Mar 22, 2018

Certain blue chips hold the potential of delivering returns comparable to small-cap stocks. With these stocks, you can get the best of both worlds.

SBI: Pushed in Red on Increased Slippages and Higher Credit Costs (Quarterly Results Update - Detailed)

Feb 21, 2018

SBI posts loss on elevated bad loans and higher provisioning requirements.

Bandhan Bank IPO: A Microlender Turned Profitable Bank (IPO)

Mar 12, 2018

Is the IPO of one of India's newest private sector bank, Bandhan Bank, worth applying for?

More Views on News

Most Popular

Buy this 'Crorepati Stock' and You Could End Up Stinking Rich(Profit Hunter)

Feb 5, 2020

I'm talking about an individual small cap stock that could go up so many times that they make their investors stinking rich in the process. You definitely want to know more...

This Smallcap Stock Could be the Next Titan (Up 1,400% in 10 Years)(Profit Hunter)

Feb 11, 2020

A blueprint to latch on to the next 'Crorepati' stock - and an event I hope you won't miss on any account.

Will Your Trade Go Up or Down Today?(Fast Profits Daily)

Feb 5, 2020

How you can find out which way your trade is likely to move on any given trading day.

Will Algo Traders Take Away All Your Profits?(Fast Profits Daily)

Feb 11, 2020

How to fight back against algo trading systems.

No Change in My Long-Term View on the Rebirth of India Stocks(The 5 Minute Wrapup)

Feb 6, 2020

Why the recent post budget volatility has not affected my bullish view on the Rebirth of India stocks.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

SBI SHARE PRICE


Feb 18, 2020 (Close)

TRACK SBI

COMPARE SBI WITH

MARKET STATS