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State Bank of India gains on reporting 23% rise in Q2 consolidated net profit
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State Bank Of India is currently trading at Rs. 849.95, up by 6.70 points or 0.79% from its previous closing of Rs. 843.25 on the BSE.
The scrip opened at Rs. 847.00 and has touched a high and low of Rs. 853.65 and Rs. 841.45 respectively. So far 672167 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. 555.25 on 22-Nov-2023.
Last one week high and low of the scrip stood at Rs. 863.65 and Rs. 807.05 respectively. The current market cap of the company is Rs. 760733.96 crore.
The promoters holding in the company stood at 57.51%, while Institutions and Non-Institutions held 34.82% and 7.67% respectively.
State Bank of India (SBI) has reported 27.92% rise in its net profit at Rs 18331.44 crore for the quarter ended September 30, 2024 as compared to Rs 14330.02 crore for the same quarter in the previous year. Total income of the bank increased by 15.13% at Rs 129141.11 crore for Q2FY25 as compared to Rs 112169.43 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported rise of 23.42% in net profit at Rs 20219.62 crore for Q2FY25 as compared to Rs 16383.18 crore for the same quarter in the previous year. Total income of the bank increased by 13.55% at Rs 163802.38 crore for Q2FY25 as compared to Rs 144256.12 crore for the corresponding quarter previous year.
