State Bank of India (SBI), the largest public sector lender, today reported a rise of 25.11% in standalone net profit to Rs 38.79 billion for the quarter ended Sept. 30, 2015 as compared to Rs 31.00 billion in the same period last year. Analysts, on average, expected SBI to report a profit of Rs 35.81 billion.
The total income increased by 12% to Rs 468.54 billion for the quarter ended Sept. 30, 2015 as compared to Rs 418.33 billion in the same period last year.
Net NPAs were at Rs 285.91 billion for the quarter ended Sept. 30, 2015, as compared to Rs 329.97 billion in the same period last year, representing a decline of 13.35%. In percentage term, net NPAs were at 2.14% at the end of the quarter lower than 2.73% from last year period.
Capital adequacy ratio (CAR) of the bank under Basel III was at 12.17% as on Sept. 30, 2015.
Shares of the bank gained Rs 9.5, or 4.06%, to trade at Rs 243.70. The total volume of shares traded was 1,908,602 at the BSE (12.30 p.m., Friday).