*State Bank of India -S* | *CMP* Rs. 180 | *M Cap* Rs. 160955 Cr | *52 W H/L* 374/149
(Nirmal Bang Retail Research)
*Result ok*
Net Interest Income came at Rs. 22766.9 Cr vs expectation of Rs. 25403.6 Cr, YoY Rs. 22953.8 Cr, QoQ Rs. 27778.8 Cr
Non Interest Income came at Rs. 13346.1 Cr vs expectation of Rs. 13510 Cr, YoY Rs. 12685.1 Cr, QoQ Rs. 9105.9 Cr
PBP came at Rs. 15733.8 Cr vs expectation of Rs. 19674.4 Cr, YoY Rs. 16933.1 Cr, QoQ Rs. 18222.6 Cr
Provisions came at Rs. 13495.1 Cr vs expectation of Rs. 12658.8 Cr, YoY Rs. 16501.9 Cr, QoQ Rs. 7252.9 Cr
Adj. PAT came at Rs. 3580.8 Cr vs expectation of Rs. 6169.6 Cr, YoY Rs. 838.4 Cr, QoQ Rs. 5583.4 Cr
Gross NPA came at Rs. 149091.9 Cr vs QoQ Rs. 159661.2 Cr at 6.15% vs QoQ 6.94%
Net NPA came at Rs. 51871.3 Cr vs QoQ Rs. 58248.6 Cr at 2.23% vs QoQ 2.65%
Quarter EPS is Rs. 4
Share is trading at P/E of 69.9x FY20E EPS & 0.9x trailing P/Adj. BV
Slippages came at Rs. 8105 Cr vs QoQ Rs. 20098 Cr with slippage ratio of 1.39% vs QoQ 3.49%