State Bank of India (SBI), the country’s largest public sector bank, is set to announce its Q3FY25 earnings today, February 6. Ahead of the results, the bank’s shares are seeing some pressure in intraday trade.
The market capitalisation of SBI stands Rs 6.79 lakh crore. The 52-week high of the company is at Rs 912 apiece and it 52-week low stood at Rs 655 apiece.
Let’s take a closer look at SBI’s stock performance, what to expect from the results, and how the bank fared in the previous quarter.
SBI stock performance Vs Nifty 50
As of 1:07 PM IST, ahead of its Q3 results, SBI’s share price was trading at Rs 759.45, down 1.02% in intraday trade. Over the past five days, the share price of SBI saw a slight dip of 0.51%, while in the last month, it declined by 2.14%. Over a six-month period, SBI’s share price has dropped 4.80%. However, on a one-year basis, the share price of SBI has gained 16.82%.
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In comparison, the benchmark Nifty 50 gained 1.11% in the last five days. Over the past month and six months, the index declined by 0.13% and 1.69%, respectively. Over the past year, Nifty 50 recorded a 7.54% gain, trailing SBI’s stock performance over the same period.
SBI Q3FY25 results: Date, time and other details
SBI has officially announced through an exchange filing that its Q3FY25 financial results will be announced today, February 6.
As per the regulatory filing, the company said, “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.”
According to reports, the market analysts expect strong double-digit growth in net profit for the December quarter. According to projections, SBI’s standalone net profit is expected to rise by 58-65% YoY, reaching anywhere between Rs 14,500 crore to Rs 15,250 crore.
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In the previous quarter (July-September 2024), SBI reported a 27.92% YoY jump in net profit,
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