SBI - Q4 Result - First Cut - Microsec Research

SBI Q4 PAT ABOVE ESTIMATES

State Bank of India, the country's biggest lender, beat market expectations with a sharp rise in its fourth quarter net profit, mainly due to strong demand for loans coupled with higher interest income and lower provisioning for non-performing loans. The company has reported a PAT of Rs 4050 crore which is 5.19% higher than the consensus estimates.

Key Result Highlights:

- During the quarter, provisions for non-performing assets fell 13% y-o-y to Rs 2,837 crore.
- Net non-performing asset (NPA) ratio declined to 1.82%, while the gross NPA ratio fell from 4.61% to 4.44% during the same period.
- Its loan book expanded nearly to Rs 8.68 lakh crore.
- Capital adequacy ratio improved at 13.86% versus 11.98% year-on-year.
- Provision coverage ratio for the financial year 2011-12 stood at 68.10%.

Source : Equity Bulls

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