• State Bank of India’s (SBI) net revenues (net interest income plus other income) increased by 8.4% quarter-on-quarter (QoQ) during the quarter ended September (Q2FY22). On a year-on-year (YoY) basis, it witnessed a growth of 6%.
  • Provisions & contingencies were down by 94.1% QoQ and 94.5% on a YoY basis.
  • Net profit grew 20.5% QoQ and 69.5% YoY.
  • The bank’s capital adequacy ratio (CAR) stood at 13.4% in Sept 2021 quarter.

SBI’s Financial Statements for Q2FY22:

(Rs, crores) Q2FY21 Q1FY22 Q2FY22 QoQ (%) YoY (%)
Total Income 95,373.5 93,266.9 1,01,143.3 8.4% 6.0%
Total Expenses 76,845.7 72,436.7 80,698.3 11.4% 5.0%
Provisions & contingencies 11,221.0 10,510.2 615.4 -94.1% -94.5%
Profit before tax 7,306.8 10,320.0 12,411.2 20.3% 69.9%
Tax 1,903.0 2,780.8 3,279.9 17.9% 72.4%
Profit after tax 5,245.9 7,379.9 8,889.8 20.5% 69.5%
Earnings per share 5.9 8.3 10.0    

Data Source: BSE, Company announcements

Want to get more analysis on Indian listed companies? Open an account and get daily stock research updates from Kotak Securities.

The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results