SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves
State Bank of India moved higher in a quarterly results development.
· BS Companies, NDTV Profit
SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6%…
The analysis
State Bank of India reported ₹778 crore, with movement of 75%, 1.90% and 36.6% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.2% on the day at ₹958.60, and has returned -5.4% over three months. It sits 22% below its 52-week high. The banks sector has moved -4.2% over the same period, so State Bank of India is running 1.2 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
- The immediate tone of coverage reads negative.
In this story
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