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The State Bank of India, founded in 1955, is a banking company with a market capitalization of Rs 365462.84.
Finance
Consolidated total revenue for the quarter ending 30-06-2021 was 93266.94 rupees, total revenue for the previous quarter was down -9.83% from 103430.64 rupees and total revenue for the same period last year was up 6.00% from 87984.33 rupees. .. Banks reported net income after tax of Rs 7379.91 in the last quarter.
Basis for investment
SBI showed stable operational performance in the first quarter of 2010, with a higher-than-expected NIM of 2.9%, but an estimate of 2.7%. However, NII was in line with estimates due to flat growth affected by the blockade. Other revenues increased 24% year-on-year to Rs 11,803, above the estimate of Rs 9,900. Operating income gradually declined due to sluggish business activities. Therefore, operating profit (PPP) came in at an estimate of Rs 18975 vs. Rs 15702. Net income was 6504 rupees (up 55% year-on-year), while credit costs were higher due to increased slippage. Slippage rates are in close agreement with private peers and guidance, ranging from 2 to 2.5%, which is a plus given the current environment. Given that brokerage firms will gain momentum for recovery after July 2021, banks will improve overall operational performance by means of their strong responsibility franchisees, proper provisioning, and means to support margins. Should be seen. FCMs value banks at about 1.25 times FY23E ABV and subsidiaries at about Rs 180 per share, reaching a revised TP of Rs 540 per share.
Promoter / FII Holdings
As of June 30, 2021, the promoter holds a 56.9% stake in the company, with FII holding a 11.4% stake, DII holding a 24% stake, and public institutions and others holding a 7.6% stake.
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