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State Bank of India (SBI) surged 13.04% to Rs 401.40, extending recent gains after the bank declared Q3 results during market hours yesterday, 4 February 2021.
Shares of SBI soared 42.31% in five trading sessions from a recent closing low of Rs 282.05 on Friday, 29 January 2021. The stock climbed 5.73% to end at Rs 355.10 on Thursday, 4 February 2021.
SBI s net profit fell 6.9% to Rs 5,196.22 crore on 1.1% decrease in total income to Rs 75,980.65 crore in Q3 December 2020 over Q3 December 2019.
The net profit rose 13.60% sequentially. Bank registered an operating profit of Rs 17,333 crore in Q3FY21 compared with Rs 16,460 crore in Q2FY21, an increase of 5.31% sequentially.
Profit before tax (PBT) dropped 36.3% to Rs 6,990.77 crore in Q3 FY21 as against Rs 10,969.66 crore in Q3 FY20. Provision for taxes tumbled 66.7% to Rs 1,794.55 crore in Q3 FY21 compared with Rs 5,386.30 crore in Q3 FY20.
State Bank of India (SBI) s net profit fell 6.93% to Rs 5,196.22 crore on 1.06% decrease in total income to Rs 75,980.65 crore in Q3 December 2020 over Q3 December 2019.
Profit before tax (PBT) dropped 36.27% to Rs 6,990.77 crore in Q3 FY21 as against Rs 10,969.66 crore in Q3 FY20. Tax expense tumbled 66.68% to Rs 1,794.55 crore in Q3 FY21 compared with Rs 5,386.30 crore in Q3 FY20. The result was declared during market hours today, 4 February 2021.
Gross non-performing assets (NPAs) stood at Rs 1,17,244.23 crore as on 31 December 2020 as against Rs 1,25,862.99 crore as on 30 September 2020 and Rs 1,59,661.19 crore as on 31 December 2019.
The ratio of gross NPAs (GNPA) to gross advances stood at 4.77% as on 31 December 2020 as against 5.28% as on 30 September 2020 and 6.94% as on 31 December 2019. The ratio of net NPAs (NNPA) to net advances stood at 1.23% as on 31 December 2020 as against 1.59% as on 30 September 2020 and 2.65% as on 31 December 2019. On proforma basis, GNPA sto