SBI Q4 Results 2024: Net profit expected to dip 18% YoY, but NII may improve moderately despite slow loan growth

SBI Q4 Results 2024: SBI Q4 results are expected to remain subdued, with a severe decline in net profit and a slight increase in net interest income (NII). Sequential loan growth is expected to be slower than typical, about 3.5%, while net interest margins may be slightly lower.

SBI Q4 Results 2024
SBI Results 2024: SBI share price under focus ahead of Q4 results, which are expected to be modest with a dip in net profit and a small increase in net interest income.

SBI Results 2024: Today, the State Bank of India (SBI), the country’s largest state-run lender, will disclose its fourth-quarter results. SBI’s Q4 earnings are expected to be modest, with a reduction in net profit and a small increase in net interest income (NII). SBI’s net profit in the fourth quarter of FY24 is likely to dip 18% year on year (YoY) due to one-time pay revisions, while the PSU bank’s NII is expected to rise 1.3% YoY amid low loan growth, according to six brokerages’ average projections. Sequential loan growth is expected to be slower than typical, about 3.5%, while net interest margins may be slightly lower. Asset quality in terms of Gross NPAs is projected to improve even further.

Read More: Aadhar Housing Finance IPO: Issue subscribed 0.32 times on day one; view subscription status, GMP, and other statistics

09 May 2024, 01:15:19 PM IST

SBI Q4 Results 2024 Live: Margins estimated to fall by 9 bps QoQ: Prabhudas Lilladher

Brokerage firm Prabhudas Lilladher anticipates SBI’s NII to expand by 0.6% QoQ, with loan growth of 5.5%. Margins are expected to shrink by 9 basis points sequentially. The brokerage predicts a 27.7% QoQ fall in PPoP due to a one-time staff expense of ₹54 billion. Asset quality in terms of GNPA is predicted to improve by 16 basis points.

09 May 2024, 12:51:19 PM IST

SBI Results 2024 Live: Expect strong loan growth of over 16% YoY: Elara Capital

SBI Results 2024 Live: Elara Capital predicts SBI to deliver solid loan growth of more than 16% YoY, driven primarily by growth in retail and SME areas. It anticipates NIM to remain stable, which will drive NII growth. Wage hike modifications and pension increases, as previously stated by management, would have an impact on operating expenses. SBI’s asset quality is expected to hold, with continued improvement across subsegments. Furthermore, recoveries and upgrades will be vigorous, potentially leading to decreased GNPL QoQ. Elara Capital predicted that with excellent coverage levels, credit costs would be reduced and NNPL would fall.

09 May 2024, 12:35:20 PM IST

SBI Results 2024 Live: Loan growth to be around 3.5% QoQ: Yes Securities

SBI Results 2024 Live: Due to its unique development trajectory, SBI’s sequential loan growth will be around 3.5%. NII growth will be slightly slower than average loan growth due to the rising cost of deposits surpassing the rate on loans. As a result, NIM will be somewhat lower sequentially. Sequential fee income increase will generally correspond to loan growth. Opex would be marginally lower sequentially as staff expenses declined, resulting in smaller wage-related contingencies. Slippages would be rather steady on a sequential basis. Provisions will grow significantly sequentially due to the low base in the third quarter, according to Yes Securities.

Read More: Aadhar Housing Finance IPO opens today 8 may: GMP, subscription status, review, other details. Apply or not?

09 May 2024, 12:21:50 PM IST

SBI Results 2024 Live: Business growth to remain healthy, margin to be stable: Motilal Oswal

SBI Results 2024 Live: SBI’s operating expenses are projected to remain under control, while earnings are likely to grow due to wage provisions made in the third quarter of FY24. Business growth is expected to stay strong in Q4. Asset quality will remain essentially stable. Motilal Oswal expects the margin to remain generally constant with a small downward skew.

09 May 2024, 11:57:43 AM IST

SBI Results 2024 Live: Operating profit may decline sharply by 40% YoY

SBI Results 2024 Live: SBI’s pre-provisions operating profit (PPoP) in Q4FY24 is estimated to decrease dramatically by 40.5% to ₹14,659.5 crore from ₹24,621.1 crore, YoY, due to one-time staff costs of ₹5,400 crore.

09 May 2024, 11:41:32 AM IST

SBI Results 2024 Live: Asset quality to remain stable

SBI Results 2024 Live: SBI’s asset quality is projected to remain stable in Q4FY24, with further improvement across subsegments. Furthermore, recovery and upgrades are expected to be substantial, potentially leading to reduced Gross Non-Performing Loans (GNPL) sequentially. Analysts anticipate that excellent coverage levels will reduce credit costs and lower NNPL.

09 May 2024, 11:25:08 AM IST

SBI Q4 Results 2024 Live: SBI shares trade flat ahead of Q4 results

SBI Q4 Results 2024 Live: The SBI share price remained unchanged ahead of today’s Q4 results announcement. SBI shares began at ₹813.45 per share, up from the previous close of ₹810.40 on the BSE. SBI stock rose nearly 1% to an intraday high of ₹818.40, with a low of ₹807.20.

SBI’s share price has increased by more than 11% in the last three months, and the stock is up more than 25% year to date (YTD). SBI shares have increased by more than 40% in just one year.

Read More: Aadhar Housing Finance IPO on May 8 : What provides GMP mean before becoming subscribers?

09 May 2024, 11:10:52 AM IST

SBI Q4 Results 2024 Live: NII may rise marginally by 1.3% YoY

SBI Q4 Results 2024 Live – SBI’s net interest income (NII) is likely to increase marginally in the March 2024 quarter, owing to moderate loan growth. According to six brokerages, the bank’s net interest income (NII) in Q4FY24 is expected to be ₹40,920 crore, up 1.30% from ₹40,392.5 crore in the same period last year.

09 May 2024, 10:45:11 AM IST

SBI Q4 Results 2024 Live: Net profit likely to drop 18% YoY

SBI Q4 Results 2024 Live – SBI’s net profit in the March 2024 quarter is likely to fall 18% to ₹13,692 crore from ₹16,694.5 crore in the previous year due to one-time pay revisions, according to six brokerages’ average projections. In Q3 FY24, SBI reported a 35% decrease in net profit of ₹9,164 crore.

09 May 2024, 10:22:27 AM IST

SBI Q4 Results 2024 Live: SBI to announce Q4 results today

SBI Q4 Results 2024 Live : The State Bank of India (SBI), the country’s largest state-run institution, is slated to announce its fourth-quarter results for FY24 (January-March 2024) today. SBI’s board of directors will meet today to release its Q4 results.

Read More: Tata Power Q4 Results: Tata Power reported a 15% increase in profit due to strong demand and declared a final dividend of ₹2 per share.

Hi, My self Saurabh Singh

Sharing Is Caring:

Leave a Comment