SBI declines despite its consolidated net profit rises 5% at Rs 19680 crore in Q1
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State Bank of India is currently trading at Rs. 827.90, down by 20.00 points or 2.36% from its previous closing of Rs. 847.90 on the BSE.
The scrip opened at Rs. 827.05 and has touched a high and low of Rs. 831.40 and Rs. 817.85 respectively. So far 641198 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 912.10 on 03-Jun-2024 and a 52 week low of Rs. 543.15 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 889.00 and Rs. 817.85 respectively. The current market cap of the company is Rs. 740742.79 crore.
The promoters holding in the company stood at 57.54%, while Institutions and Non-Institutions held 34.80% and 7.67% respectively.
The bank has reported 0.89% rise in its net profit at Rs 17035.16 crore for the quarter ended June 30, 2024 as compared to Rs 16884.29 crore for the same quarter in the previous year. Total income of the bank increased by 13.56% at Rs 122687.85 crore for Q1FY25 as compared to Rs 108038.83 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 5.04% rise in net profit at Rs 19680.80 crore for Q1FY25 as compared to Rs 18735.95 crore for the same quarter in the previous year. Total income of the bank increased by 14.96% at Rs 152125.05 crore for Q1FY25 as compared to Rs 132332.78 crore for the corresponding quarter previous year.
