SBI Announces Quarterly Results (2QFY19); Net Profit Down 40.3%

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 (2QFY19); Net Profit Down 40.3%
Mon, 12 Nov

SBI has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

SBI Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Operating incomeRs m548,497588,132587,9350.0%7.2%
Other incomeRs m105,79966,79578,14517.0%-26.1%
Total revenuesRs m654,296654,927666,0801.7%1.8%
InterestRs m362,638370,148378,8782.4%4.5%
Gross Profit Rs m185,859217,984209,057-4.1%12.5%
Other expensesRs m146,028165,047163,759-0.8%12.1%
Profit before taxRs m8,617-72,55118,127110.4%
TaxRs m-7,198-23,7938,678
Profit after taxRs m15,816-48,7599,449-40.3%
Gross profit margin %33.937.135.6
Effective tax rate%-83.532.847.9
Net profit margin%2.9-8.31.6
* 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 7.2% on a year-on-year (YoY) basis. The interest expended was up by 4.5% YoY during the same period.
  • The bank's operating profit increased by 12.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.6% in 2QFY19 as against 33.9% in 2QFY18.
  • Other income declined by 26.1% YoY during the quarter.
  • Net profit for the quarter declined by 40.3% YoY. Net profit margins during the quarter declined from 2.9% in 2QFY18 to 1.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 0.0% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 2.4% QoQ during the same period.
  • The bank's operating profit declined by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 35.6% in 2QFY19 as against 37.1% in 1QFY18.
  • Net profit for the quarter increased by 119.4% QoQ, while net profit margins increased from -8.3% in 1QFY18 to 1.6% in 2QFY19.

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 up from Rs 333.2 to Rs 280.1, registering a Loss of Rs 53.2 or around 16.0%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 29,042.2 (down 0.2%). Over the last one year it has moved up from 28,920.9 to 29,042.2, a gain of 121 points (up 0.4%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 280.1, the price to book value (P/BV) ratio of SBI stands at 0.9 times.

Equitymaster requests your view! Post a comment on "SBI Announces Quarterly Results (2QFY19); Net Profit Down 40.3%". Click here!

  

Related Views on News

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.

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

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, SBI has posted a net profit of Rs 23 bn (up 147.4% YoY). Sales on the other hand came in at Rs 626 bn (up 6.5% 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

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

Growth Stocks or Value Stocks... What Will Make You More Money in this Bull Market?(Profit Hunter)

Nov 28, 2019

Should you invest in growth stocks or value stocks to make strong returns in this market?

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

The Best Trading Strategy for Fast Profits

Nov 29, 2019

Vijay and I have decided to team up and bring you a unique offering never seen before in the Indian stock 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


Dec 6, 2019 11:30 AM

TRACK SBI

COMPARE SBI WITH

MARKET STATS