State Bank of India reported a 19% decrease in net profit to Rs 3299.22 crore for the quarter ending March 31, 2013. While total income rose 7%, net profit fell 19% due to a decrease in net profit margin from 11.93% to 9.08%. Capital adequacy ratio also declined from 13.86% to 12.92% and net NPAs increased compared to the previous fiscal year. The stock price fell 7.96% following the announcement of the quarterly results.

1. SBI's Q4 Net disheartens...tanks 19% to Rs 3299.22 crore
State Bank of India
23-May-2013 | QuarterlyResult as on31-Mar-2013
For the period the State Bank of India reported Total Income of Rs 363308.70 million and Net Profit of Rs 32992.20 million. While Total
Income rose by6.98%, Net Profit came down by18.54% and therebyNPMreduced to 9.08% as compared to 11.93% during corresponding
period previous FY. EquityCapital for the period under consideration has increased by1.94% and stands at Rs 6840.30 million. EPS as on
31-Mar-2013 stands at Rs 49.13 viz-a-vizRs 63.76 as on 31-Mar-2012.
While Capital Adequacy Ratio declined at 12.92 viz-a-viz 13.86 during corresponding period last FY. Net NPAs increased to Rs 219564.80
million as compared to Rs 158188.50 million during corresponding period last FY.
The stock of the State Bank of India at BSE opened at 2351.05 touched a high 2354.80 and low 2154.50 before closing at 2176.20 losing
7.96%over previous close. The trading volume for the stock at BSEstood at 1169186 shares and at NSEstood at 6382186 shares.
BSE NSE
The stock shares 4.31% weight in S&P BSE Sensex. The S&P BSE Sensexclosed todayat 19674.33 (1.93% loss) and CNXNiftyclosed at
5967.05 (2.09%loss).
Company Announcements
23-May-201301:04PMBoarddeclares Dividend
23-May-201301:02PMAnnounces Q4&FY13results &Auditor's Report for theperiodendedMarch31, 20...
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