State Bank of India declines on reporting 28% fall in Q3 consolidated net profit
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State Bank Of India is currently trading at Rs. 647.95, down by 2.45 points or 0.38% from its previous closing of Rs. 650.40 on the BSE.
The scrip opened at Rs. 641.30 and has touched a high and low of Rs. 654.65 and Rs. 638.50 respectively. So far 1584034 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 660.40 on 20-Dec-2023 and a 52 week low of Rs. 501.85 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 660.30 and Rs. 615.75 respectively. The current market cap of the company is Rs. 578716.46 crore.
The promoters holding in the company stood at 57.50%, while Institutions and Non-Institutions held 35.09% and 7.40% respectively.
State Bank of India (SBI) has reported results for third quarter ended December 31, 2023 (Q3FY24).
The bank has reported 35.49% fall in net profit at Rs 9163.96 crore for the quarter ended December 31, 2023 as compared to Rs 14205.34 crore for the same quarter in the previous year. However, total income of the bank increased by 20.50% at Rs 118192.68 crore for Q3FY24 as compared Rs 98083.77 crore for corresponding quarter of the previous year.
On consolidated basis, the bank reported 28% fall in its net profit at Rs 11282.66 crore for Q3FY24 as compared to Rs 15669.65 crore for the same quarter in the previous year. However, total income of the bank increased by 20.30% at Rs 153071.64 crore for Q3FY24 as compared Rs 127218.97 crore for corresponding quarter of the previous year.
