SBI Announces Quarterly Results (4QFY20); Net Profit Up 327.1%

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 (4QFY20); Net Profit Up 327.1%
Mon, 8 Jun

SBI has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

SBI Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Operating incomeRs m629,854676,920626,814-7.4%-0.5%
Other incomeRs m126,85191,059133,46146.6%5.2%
Total revenuesRs m756,705767,979760,275-1.0%0.5%
InterestRs m400,316399,132399,1450.0%-0.3%
Gross Profit Rs m229,538277,788227,669-18.0%-0.8%
Other expensesRs m187,059186,622203,7939.2%8.9%
Profit before taxRs m4,312109,69749,700-54.7%1052.6%
TaxRs m-4,07253,86313,892-74.2%
Profit after taxRs m8,38455,83435,808-35.9%327.1%
Gross profit margin %36.441.036.3
Effective tax rate%-94.449.128.0
Net profit margin%1.38.25.7
* 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 fell 0.5% on a year-on-year (YoY) basis. The interest expended was down by 0.3% YoY during the same period.
  • The bank's operating profit declined by 0.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 36.3% in 4QFY20.
  • Other income increased by 5.2% YoY during the quarter.
  • Net profit for the quarter increased by 327.1% YoY. Net profit margins during the quarter increased from 1.3% in 4QFY19 to 5.7% in 4QFY20.
Quarter-on-Quarter Performance:
  • The bank's operating income (interest earned) during the quarter fell 7.4% on a quarter-on-quarter (QoQ) basis. The interest expended was up by 0.0% QoQ during the same period.
  • The bank's operating profit declined by 18.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 36.3% in 4QFY20 as against 41.0% in 3QFY19.
  • Net profit for the quarter declined by 35.9% QoQ, while net profit margins declined from 8.2% in 3QFY19 to 5.7% in 4QFY20.

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

SHOCKING: Ex-Swiss Investment Banker's Lucrative Income Generating Secret

SBI Share Price Performance

Over the last one year,SBI share price has moved down from Rs 341.7 to Rs 193.4, registering a Loss of Rs 148.3 or around 43.4%.

Meanwhile, the S&P BSE BANKEX is trading at Rs 24,703.3 (up 2.6%). Over the last one year it has moved down from 34,866.1 to 24,703.3, a loss of 10,163 points (down 29.1%).

Overall, the S&P BSE SENSEX is down 12.0% over the year.

Current Valuations

At the current price of Rs 193.4, the price to earnings (P/E) ratio of SBI stands at 10.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

Equitymaster requests your view! Post a comment on "SBI Announces Quarterly Results (4QFY20); Net Profit Up 327.1%". Click here!

  

Related Views on News

SBI Announces Quarterly Results (2QFY21); Net Profit Up 51.9% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, SBI has posted a net profit of Rs 46 bn (up 51.9% YoY). Sales on the other hand came in at Rs 668 bn (up 3.9% YoY). Read on for a complete analysis of SBI's quarterly results.

SBI Announces Quarterly Results (1QFY21); Net Profit Up 81.2% (Quarterly Result Update)

Aug 3, 2020 | Updated on Aug 3, 2020

For the quarter ended June 2020, SBI has posted a net profit of Rs 42 bn (up 81.2% YoY). Sales on the other hand came in at Rs 665 bn (up 6.2% YoY). Read on for a complete analysis of SBI's quarterly results.

How the YES Bank Collapse Unfolded - 10 Points (Sector Info)

Mar 9, 2020

A timeline of how YES Bank went from a stock market darling to a pariah.

Today's Stock Market Crash: 10 Points (Sector Info)

Mar 6, 2020

Top factors that dragged the markets lower today.

More Views on News

Most Popular

Not Infosys or Wipro. India's Next Wealth Creators Could Be Drone Stocks(Profit Hunter)

Nov 25, 2020

India's drones directorate signals the next big defence tech multibaggers.

It's Time to Book Profits(Fast Profits Daily)

Nov 27, 2020

In my first video on Equitymaster, I want to introduce you my proprietary greed and fear index. It's telling us to book some profits in the market.

How the New Margins Will Impact You(Fast Profits Daily)

Nov 25, 2020

The new rules on margins will come into effect from 1st December. Are you ready?

Create Wealth for Yourself in India's Drone Revolution(Profit Hunter)

Nov 27, 2020

The Chinese drone market is 14 times that of India's. Billions may flow into Indian drone companies too. Don't miss out on this wealth creating opportunity.

More

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


Dec 4, 2020 (Close)

TRACK SBI

SBI - PNB COMPARISON

COMPARE SBI WITH

MARKET STATS