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SBI Q1 cons net profit up 15% at Rs 1641 cr

Published on Sat, Jul 26, 2008 at 11:53 , Updated at Mon, Jul 28, 2008 at 08:57
Source : CNBC-TV18

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State Bank of India has declared its consolidated results for the quarter ended June 2008 (Q1). The bank's consolidated NII was up by 7.1% at Rs 4818 crore versus Rs 4497.4 crore.

The bank's Q1 consolidated net profit was up by 15% at Rs 1641 crore versus Rs 1425.9 crore. Provisions were at Rs 1550 crore versus Rs 160 crore.

SBI June-end Capital Adequacy Ratio was at 12.99% versus 13.13%.

According to CNBC-TV18 estimates, the bank's net profit was expected to go down by 8.35% at Rs 1306.8 crore as against Rs 1425.9 crore in same period of last year.

Net interest income was seen up by 10.89% to Rs 4659.26 crore from Rs 4201.4 crore.

Particulars Jun-08 Mar-08 Dec-07 Sep-07
Interest Earned / Operating Income 13799.2 13576.73 12666.81 11616.28
Interest on Advance 10013.99 9603.47 9271.05 8365.07
Income on Investment 3507.94 3211.76 3271.11 2862.96
Interest on Balances 207.07 218.8 92.61 386.61
Others Interests 70.2 542.7 32.04 1.64
Other Income 2403.87 2817.2 2697.19 2041.94
Total Income 16203.07 16393.93 15364 13658.22
Interest Expended -8981.54 -8776.14 -8410.45 -7853.36
Operating Expenses -3259.19 -3244.66 -3293.81 -3091.64
Payment/Provisions for Employees -2130.95 -1569.6 -2194.68 -1995.22
Other Operating Expenses -1128.24 -1675.06 -1099.13 -1096.42
Total Expenditure for Banks -12240.7 -12020.8 -11704.3 -10945
Profit before Tax 3962.34 4373.13 3659.74 2713.22
Tax -772.08 -870.74 -1046.67 -1016.09
Provisions and Contingencies -1549.47 -1619.14 -804.43 -85.71
Net Profit 1640.79 1883.25 1808.64 1611.42
Equity Capital 634.88 631.47 526.3 526.3

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