SBI’s result expectations for Q1FY18
DSIJ Intelligence / 11 Aug 2017
State Bank of India (SBI) is going to announce its financial results for the quarter ended June 30, 2017.
State Bank of India (SBI) is going to announce its financial results for the quarter ended June 30, 2017. The stock was trading in positive territory, higher by 0.42% at Rs 297.85 per share, paring its morning losses.
The stock has been outperforming the Nifty Bank index, which was trading lower by 171 points at the 24,045 level. The stock has gained nearly 30% in the past one year and 9.5% in the past six months on the BSE. Meanwhile, Nifty was trading at the 9,743 level, down by 76 points while Sensex was trading at the 31,318 level, down by 213 points as of 1127 hours on Friday.
Following are the result expectations for SBI Q1FY18:
• PAT may grow to Rs 2,956 crore
• NII seen at Rs 21,016 crore
• Loan growth seen at around 5%.
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