SBI Q1 PAT seen up 78% at Rs 2825.6 cr: Dolat Capital
Dolat Capital has come out with its earnings estimates on State Bank of India (SBI) for Q1FY13. According to the research firm, company's Q1FY13 sales are likely to go up by 16% at Rs 112,95.6 crore, Year-on-Year (YoY) basis.
July 23, 2012 / 18:34 IST
Dolat Capital has come out with its earnings estimates on State Bank of India (SBI) for Q1FY13. According to the research firm, company's Q1FY13 sales are likely to go up by 16% at Rs 112,95.6 crore, Year-on-Year (YoY) basis.
The company's adjusted net profit is seen up 78% at Rs 2825.6 crore, YoY.SBI's business is expected to grow 13% YoY on the back of 15% growth in advances and 12% growth in deposits.Other income is expected to grow by 14% YoY due to 20% YoY jump in forex gains and 17% YoY in treasury income.We expect 62% YoY rise in gross NPAs. We factor in credit cost of 126bps compared to 136bps in Q4 FY12 and 153bps in Q1FY12. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
