SBI Q3 results preview: key things to keep in mind
NEW DELHI: You are expected to report your Q3FY20 earnings on Friday, January 31.
According to market experts, a sharp increase in the net profit of the December quarter is expected for the State Bank of India due to revenues of around Rs 12,000 from the resolution of the Essar Steel case. However, landslides are also expected to increase during the quarter courtesy of Dewan Housing Finance Corp Ltd (DHFL).
The shares of the state bank have had a lower return in the last six months in the stock market. Before, the share price decreased by 1.69%. Today, that is, on Thursday, January 30, the scrip fell by 1.80% at Rs 310.75 around 03:30 pm (IST).
In the previous quarter (Q2), the State Bank of India recorded a 218 percent jump in independent net earnings. And, the Net Interest Income (NII) of the lender increased to Rs 24.6 billion rupees.
Below is a graphical presentation of the three-month performance of the State Bank of India in both (National Stock Exchange) and BSE (Bombay Bag):