SBI Q3 Results: Date, Time, Earnings Call Details, Share Price History And More
State Bank of India has scheduled a meeting with analysts and institutional investors at 5 p.m. on Feb. 6 to discuss its financial performance in Q3.
SBI Q3 Results: Public sector lender State Bank of India (SBI) is set to declare the financial results for its December 2024 quarter on Thursday.
India’s largest bank SBI has a network of over 15,000 branches across India, touching remotest parts in the country. The lender offers a wide range of banking products and services to corporate and retail customers. With a market share of about 15% in terms of loans, SBI enjoys a total market cap of over Rs 6.8 lakh crore.
Here is everything you need to know about SBI Q3 results.
SBI Q3 Results: Date And Time
In a stock exchange filing on Jan. 16, State Bank of India said that its central board will have a meeting on Thursday, Feb. 6, following which the Q3 results of the company will be declared.
"We inform that a meeting of the Central Board of the Bank will be held on Thursday, 6th February 2025 at Mumbai, inter-alia, to consider the financial results of the Bank for the quarter ended 31.12.2024," it said.
SBI Q3 Earnings Call Details
The lender has scheduled a meeting with analysts and institutional investors at 5 p.m. on Feb. 6 to discuss its financial performance in Q3.
“An Analyst Meet will be conducted on 6th February 2025 at 5 p.m. post Q3-FY25 results at State Bank Bhavan Auditorium,” SBI said.
The meeting will be held in person at the State Bank Bhavan Auditorium in Mumbai. Investors and analysts can also watch it live through a webcast.
SBI Share Price History
Shares of the State Bank of India have remained flat over the last five trading sessions on the NSE. However, over the past one and six months, the shares have declined 2.2% and 4.8% respectively. SBI stock has seen a strong performance over the past year, rising nearly 17% on the NSE.
At 12:30 p.m. on Thursday, SBI shares were trading nearly 1% down at Rs 759.40 apiece on the NSE, as compared to 0.4% decline in the benchmark Nifty 50.
State Bank of India Q2 Highlights
State Bank of India reported a 28% year-on-year increase in its net profit at Rs 18,331 crore for the quarter ending September 30. On a sequential basis, the profit grew by 7.6%. The bank's net interest income rose by 5% year-on-year to Rs 41,620 crore. As of Sept. 30, 2024, the bank's gross non-performing assets (NPAs) ratio improved to 2.13% from 2.55% a year earlier, while its net NPA ratio dropped to 0.53% in Q2 from 0.64% in the corresponding quarter of the previous fiscal year.
