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 (4QFY19); Net Profit Up 110.9% (Quarterly Result Update)

May 13, 2019 | Updated on May 13, 2019

For the quarter ended March 2019, SBI has posted a net profit of Rs 8 bn (up 110.9% YoY). Sales on the other hand came in at Rs 630 bn (up 12.6% YoY). Read on for a complete analysis of SBI's quarterly results.

SBI Announces Quarterly Results (3QFY19); Net Profit Up 263.7% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, SBI has posted a net profit of Rs 40 bn (up 263.7% YoY). Sales on the other hand came in at Rs 623 bn (up 13.6% 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.

SBI: Turnaround in Profits on Insurance Stake Sale (Quarterly Results Update - Detailed)

Nov 16, 2017

Windfall gain from stake sale in insurance subsidiary props up SBI's profits and provision coverage.

More Views on News

Most Popular

My 3 Best Small-cap Stocks to Get Rich in this Market Rebound(Profit Hunter)

Oct 14, 2019

This is once in a decade opportunity to make a killing from smallcap rebound.

Finally, Is the Share Price of Yes Bank Ready for a Rebound?(The 5 Minute Wrapup)

Oct 7, 2019

Here's what every individual investor must know about Yes Bank...

The One Stock I Like in this Market(The 5 Minute Wrapup)

Oct 10, 2019

There are rare periods in markets when you get good quality stocks at attractive valuations. Is this one such period?

Rebound Riches Could be Yours With These Stocks(Profit Hunter)

Oct 4, 2019

The secret to multibagger is not big businesses, but great managements... Here's how to find them to make the most of once in a decade rebound opportunity.

5 Smart Money Stocks to Profit from the Market Rebound(The 5 Minute Wrapup)

Oct 11, 2019

Now is the time to put money in these 5 stocks to take advantage of the recovery in the economy and the markets.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

SBI SHARE PRICE


Oct 16, 2019 (Close)

TRACK SBI

SBI - KARUR VYSYA BANK COMPARISON

COMPARE SBI WITH

MARKET STATS