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SBI Q2 results: Net profit seen rising 45% on stake-sale gains and income growth

SBI Q2 results: Net profit seen rising 45% on stake-sale gains and income growth

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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    Brokerage estimates put SBI’s September-quarter net profit between ₹23,539 crore and ₹25,250 crore, ahead of its results announcement

    — BusinessLine

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Brokerage estimates put SBI’s September-quarter net profit between ₹23,539 crore and ₹25,250 crore, ahead of its results announcement

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BusinessLine Center-Right The Hindu Group (Kasturi & Sons) Current article

SBI Q2 results: Net profit seen rising 45% on stake-sale gains and income growth

Brokerage estimates put SBI’s September-quarter net profit between ₹23,539 crore and ₹25,250 crore, ahead of its results announcement

Read full article at BusinessLine ↗

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