SBI Q4 Result State Bank of India may make 40-70 percent profit brokerage expects
SBI Q4 Result: State Bank of India (SBI) may report 40-70 per cent profit for the March quarter on a year-on-year (YoY) basis. Analysts say net interest income (NII) could go up by
20-30 per cent, while net interest margin (NIM) could go up with the revaluation of MCLR (marginal cost of funds). Analysts warned on this front
Analysts have warned
that loan growth may be lower than that of other large banks. All eyes will be on operating expenses, deposit growth and increase in cost of deposits. Prabhudas Lilladher expects
SBI to report a 69.8 per cent rise in net income to Rs 15,477 crore as against Rs 9,113 crore for the March quarter. NII grew by 29.5 per cent year-on-year to Rs 40,386 crore as
compared to Rs 31,198 crore in the same quarter last year. Know what is the expectation of brokerage firms
Loan growth for SBI is expected to be 4.7 per cent (QoQ) and
17 per cent (YoY), while NIM is expected to expand by 7 basis points sequentially, said Prabhudas Lilladher. SBI reports better NII growth of 29.5 per cent Should continue.
Slippage may increase, but credit cost may remain below 1%. JM Financial expects 69.2 percent jump
Regarding SBI's profit, JM Financial estimated a profit of Rs 15,424
crore with a gain of 69.2 percent. It sees NII rising 30 per cent to Rs 40,561 crore. Pre-provision operating profit (PPOP) increased by 31 percent to Rs 25,837 crore. MK Global
According to MK Global, SBI's profit is expected to increase by 40.6 percent to Rs 12,817 crore. This sees NII growing by 23.5 per cent YoY to Rs 38,544 crore.
NIM is seen at 3.5 per cent. Profits are expected to soften sequentially from some moderation in NIM and higher opex including PLI. It added that moderate slippages and better
recoveries are likely to reduce non-performing assets. SBI Alert: 'Your account has been temporarily locked...' What to do if you have received such a message?
Institutional Equities said, "SBI's core PPOP growth will be strong, especially sequential growth driven by higher NIM and seasonally stronger fees. However, loan growth may be
lower than reporting banks."