SBI Q1 Results: State Bank of India (SBI), India’s largest public sector bank, is set to announce its financial results for the first quarter of FY25 on August 3, 2024.
Date and Time of SBI Q1 Results
The results will be officially released on August 3, 2024. While the exact time of the announcement has not yet been revealed, it is customary for major financial updates to be published after market hours.
How to Access the SBI Q1 Results
For those interested in following the announcement live, SBI will likely host a press conference or a webcast where key details and insights into the financial performance will be shared. The bank’s official website — https://sbi.co.in/web/investor-relations/reports — will be a primary source for accessing the detailed financial results, including the earnings statement, balance sheet, and other relevant documents. Additionally, stakeholders can keep an eye on the stock exchanges where SBI is listed, such as the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), as they will also provide updates and detailed disclosures.
Financial news platforms and business news channels will cover the results and provide expert analysis. Major financial news websites, including FinancialExpress.Com, will also report on SBI’s performance. For a detailed breakdown and analysis, investors should look out for post-results commentary and reports from leading financial analysts and brokerage firms.
SBI’s performance Q4 results
The State Bank of India (SBI) reported a net profit of Rs 20,698 crore for Q4 FY24, up 24% from Rs 16,694.5 crore in the same quarter last year. Net interest income (NII) rose 3.1% to Rs 41,656 crore from Rs 40,392.5 crore YoY. Asset quality improved with Gross NPA down 2.9% and Net NPA reduced by 6.1% QoQ.
SBI declared a dividend of Rs 13.7 per equity share for FY24. Following the results, SBI’s share price increased by over 3%, reaching a new 52-week high.
