SBIN Share Price in Focus; Bank Prepares for Q2 FY25 Financial Results Announcement

State Bank of India share price is in focus on Tuesday. On November 5, 2024, SBIN share price opened at ₹829.85, with no change from its previous close of ₹829.85. At 10:16 AM, the share price of SBIN was trading at ₹835.15, up by 0.64%.

Upcoming Financial Results Meeting

The bank has scheduled a meeting of its Central Board on Friday, November 8, 2024 to review and discuss the financial results for the quarter and half-year ended September 30, 2024. 

Previous Quarter Performance Highlights

In its most recent financial disclosure for Q1 FY25, SBI reported a net profit of ₹17,035 crores, marking a modest growth of 0.89% year-on-year. This stability in profit reflects the bank’s resilience amidst challenging market conditions.

The bank also reported an operating profit increase of 4.55% year-on-year, totalling ₹26,449 crores. These figures indicate a healthy operational performance, which can be attributed to effective cost management and improved revenue generation strategies.

SBI’s return on assets (ROA) and return on equity (ROE) for Q1 FY25 stood at 1.10% and 20.98%, respectively. These metrics are critical for assessing the bank’s profitability and efficiency, showcasing its ability to generate profit from its assets and equity.

Additionally, the net interest income (NII) for the same period increased by 5.71% year-on-year, indicating robust growth in the bank’s core lending activities. The whole bank net interest margin (NIM) was recorded at 3.22%, while the domestic NIM reached 3.35%, further reflecting the bank’s effective interest rate management strategies.

As the market anticipates the upcoming financial results, investors are keen to see how SBI continues to navigate the evolving economic landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.