From NDTV
Center-Right Owned by Adani Group (AMG Media)SBI Q2 Results: Profit Rises 14% On One-Time Gain; Asset Quality Improves
What's behind this
Brokerage estimates project that State Bank of India’s net profit for the September quarter could rise about 45%, falling between ₹23,539 crore and ₹25,250 crore, driven by gains from stake sales and higher income. Morgan Stanley noted that earnings beats in the quarter were led by Energy, Utilities and PSU banks, while profitability lagged in Healthcare.
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right · 2 outlets
Brokerage estimates put SBI’s September-quarter net profit between ₹23,539 crore and ₹25,250 crore, ahead of its results announcement
RSS excerpt
Net interest income (NII), the difference between interest earned and interest expended, rose 15% YoY to Rs 49,143 crore in Q2, compared with Rs 42,847 crore in the year-ago period. NII also surpassed the estimated Rs 48,570 crore.
