State Bank of India (SBI), the largest public sector lender, today reported a rise of 30.54% in standalone net profit to Rs 31 billion for the quarter ended Sept. 30, 2014 as compared to Rs 23.75 billion in the same period last year. Analysts on average had predicted net profit to come at Rs 30.96 billion.

Total income increased by 12.46% to Rs 418.33 billion for the quarter ended Sept. 30, 2014 as compared to Rs 371.99 billion in the same period last year.

For the quarter, the bank has made provision of Rs 42.75 billion, up 41.15% from Rs 30.29 billion in the same period last year.

On the consolidated basis, the bank has reported a rise of 30.95% in net profit to Rs 40.24 billion for the quarter ended Sept. 30, 2014 as compared to Rs 30.73 billion in the same period last year.

Total income increased by 15.02% to Rs 610.99 billion for the quarter ended Sept. 30, 2014 as compared to Rs 531.19 billion in the same period last year.

Net NPA was at Rs 329.97 billion for the quarter ended Sept. 30, 2014, as compared to Rs 321.51 billion for the quarter ended Jun. 30, 2013, representing an increase of 2.63%.

Meanwhile in percentage term, net NPA decreased to 2.73% as on Sept. 30, 2014 from 2.83% in the same period last year.

Capital adequacy ratio (CAR) under Basel III of the bank was at 12.33% as on Sept. 30, 2014.

Shares of the bank gained Rs 28.55, or 1.05%, to trade at Rs 2,747.70. The total volume of shares traded was 330,303 at the BSE (12.51 p.m., Friday).