SBI Q1 results show revenue rise from 136852.39 to 132332.78 crores, a -3.30% increase in growth. EPS also rise from Rs.20.27 to Rs.20.77, up by 2.47%.
First, Let’s Begin with Quarter-on-Quarter Basis:
SBI shared its Q1 results on Friday. They earned 132332.78 crores in revenue this quarter, but that’s more than the 136852.39 crores they made last quarter. The bank’s growth increased by -3.30 percent when comparing the two quarters.
In terms of profits, SBI Bank’s PAT (Profit After Tax) for this quarter was 18536.80 crores, up from 18093.84 crores in the previous quarter. Their quarter-to-quarter growth inclined by 2.45 percent.
The Bank’s EPS (Earnings Per Share) this quarter is Rs.20.77, which is an increase of 2.47% from the Rs.20.27 EPS in the previous quarter.
In addition, Bank’s net NPA (Non-Performing Assets) decreased to 0.71% this quarter from 0.67% in the previous quarter, resulting in a 4 basis point decrease in the bank’s net NPA.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The bank made a total revenue of 132332.78 crores this year (2023), which is 40.00 percent higher than last year’s total revenue of 94524.30 crores.
This Year’s PAT (Profit After Tax) is 18536.80 crores, which is also 153.06% higher than last year’s PAT of 7325.11 crores.
The EPS (Earnings Per Share) for this year is 20.77 crores, which is 152.98% more than the EPS of 8.21 crores earned last year.
Bank’s gross NPA (Non-Performing Assets) dropped to 2.76% this year from 3.91% in the previous year, resulting in a decrease of 115 basis points in the bank’s gross NPA.
In addition, the bank’s net NPA (Non-Performing Assets) decreased to 0.71% this year from 1% in the previous year, resulting in a 29 basis point decrease in the bank’s net NPA.
The CAR (capital adequacy ratio) of the bank increased to 14.56 percent this year from 13.43 percent in the previous year.
The ROA (return on assets) of the bank increased to 1.22 percent in this quarter from 0.48 percent in the previous year.
Also Read: CAMS Q1FY24 Results: Consolidated PAT Rises to Rs. 76.33 Cr
SBI Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About SBI:
The State Bank of India (SBI) offers an extensive array of banking and financial services to diverse clientele, including corporate, institutional, commercial, agricultural, industrial, and individual customers across India. Moreover, the bank caters to its Indian customers’ international banking needs and maintains operations in various other countries.
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