SBI gains on reporting 84% rise in Q4 consolidated net profit
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State Bank Of India is currently trading at Rs. 577.30, up by 2.25 points or 0.39% from its previous closing of Rs. 575.05 on the BSE.
The scrip opened at Rs. 578.30 and has touched a high and low of Rs. 580.25 and Rs. 573.70 respectively. So far 325435 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 629.65 on 15-Dec-2022 and a 52 week low of Rs. 430.80 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 593.65 and Rs. 569.75 respectively. The current market cap of the company is Rs. 515351.70 crore.
The promoters holding in the company stood at 57.49%, while Institutions and Non-Institutions held 35.10% and 7.41% respectively.
State Bank of India (SBI) has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The bank has reported 83.18% rise in net profit at Rs 16,694.51 crore for the quarter under review as compared to Rs 9,113.53 crore for the same quarter in the previous year. Total income of the bank increased by 29.41% at Rs 106,912.46 crore for Q4FY23 as compared to Rs 82,613.40 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 83.55% rise in its net profit at Rs 18,343.25 crore for fourth quarter ended March 31, 2023 as compared to Rs 9,993.76 crore for the same quarter in the previous year. Total income of the bank increased by 26.67% at Rs 136,852.39 crore for Q4FY23 as compared to Rs 108,034.68 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 58.58% rise in its net profit at Rs 50,232.45 crore as compared to Rs 31,675.98 crore for the previous year. Total income of the bank increased by 16.68% at Rs 368,718.66 crore for year under review as compared to Rs 316,021.20 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the bank has reported 55.57% rise in its net profit at Rs 56,558.43 crore as compared to Rs 36,356.17 crore for the previous year. Total income of the bank increased by 16.32% at Rs 473,378.14 crore for year under review as compared to Rs 406,973.09 crore for year ended March 31, 2022.
