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12-Aug2016

SBI's zooms despite reporting fall of 78% in Q1 consolidated net profit

State Bank of India is currently trading at Rs. 243.30, up by 16.15 points or 7.20% from its previous closing of Rs. 226.95 on the BSE.

The scrip opened at Rs. 226.95 and has touched a high and low of Rs. 247.70 and Rs. 224.40 respectively. So far 11884719 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 287.90 on 18-Aug-2015 and a 52 week low of Rs. 148.30 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 247.70 and Rs. 224.40 respectively. The current market cap of the company is Rs. 189916.34 crore.

The promoters holding in the company stood at 60.17%, while Institutions and Non-Institutions held 28.33% and 9.66% respectively.

The bank has reported 31.73% fall in its net profit at Rs 2520.96 crore for the quarter ended June 30, 2016 as compared to Rs 3692.43 crore for the same quarter in the previous year. However, total income of the bank increased by 9.38% to Rs 48928.60 crore for the quarter under review from Rs 44730.87 crore for the corresponding quarter of the previous year.

On the consolidated basis, the bank has reported 77.81% decline in its net profit after taxes, minority interest and share of profit of associates at Rs 1046.00 crore for the quarter ended June 30, 2016 as compared to Rs 4713.57 crore for the same quarter in the previous year. However, total income of the bank increased by 9.90% to Rs 69414.82 crore for quarter under review from Rs 63164.50 crore for the quarter ended June 30, 2015.


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