Monday, October 27, 2008

SBI Q2 net profit up 11.5% at Rs 2458.04

Press Trust Of India

Country's largest lender State Bank of India on Monday said it has posted a 11.50 per cent growth in its net profit at Rs 2,458.04 crore for the second quarter ended September 30.

The bank had a net profit of Rs 2,204.56 crore in the September quarter of the last fiscal, SBI said in a filing to the Bombay Stock Exchange.

The total income rose 26.41 per cent to Rs 27,083.47 crore for the quarter under review, from Rs 21,424.26 crore in the year-ago period.

On a standalone basis, SBI reported a net profit of Rs 2,259.72 crore in the September quarter, against Rs 1,611.42 crore in the same period last year, up by 40.23 per cent.

The standalone total income rose to Rs 17,909.64 crore in the September quarter, from Rs 13,658.22 crore in the year-ago period.

For the six-month ended September 30, the bank reported a consolidated net profit of Rs 4,138.06 crore, while its total income stood at Rs 50,830.90 crore.

On a standalone basis during the half year ended September 30, SBI reported a net profit of Rs 3,900.51 crore, while its total income stood at Rs 34,112.71 crore.

During the first quarter ended June 30, SBI had reported a 15 per cent rise in its net profit to Rs 1,640.79 crore, against Rs 1,425.81 crore in the same period previous fiscal.

Shares of SBI were trading at Rs 1,150, down 0.55 per cent in the early morning trade on Monday on the BSE.

Courtesy: hindustantimes.com

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