State Bank Of India,’s Quarterly Result and Earnings Report for Q4(Mar 2024) : Revenue increased by 19.77 % in YoY and increased by 4.08 % in QoQ

The comprehensive analytics outlining the performance and outlook of State Bank Of India,”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at State Bank Of India,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year revenue growth of 19.77 %. However, it did see a marginal increase of 4.08 % from the previous quarter. Interest expenses surged remarkably by 3.75 % from the previous quarter, yet the year-over-year increase remains at a moderate 32.16 %. Expenses ticked up slightly by 4.44 % quarter-on-quarter, aligning with the annual rise of 9.09 %.
Financing profit, while down -21.26 % compared to last year, faced a quarter-on-quarter dip of -4.11 %, signaling a short-term contraction in margins. The Financing Margin % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.2 %, but a shrinkage of -0.01 % sequentially. Other income rose by 18.01 % compared to the last quarter, despite an annual growth of 22.38 %. Profit before tax grew annually by 23.11 % but saw an increase from the preceding quarter by 29.12 %. Tax expenses as a percentage of profits increased slightly by 2.93 % compared to last year, With a more notable quarter-on-quarter increase of 6.93 %.
Net profit rose by 18.3 % year-on-year, but experienced a 91.43 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 18.2 % but a quarterly rise of 93.23 %. In summary, State Bank Of India,’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing State Bank Of India,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Revenue saw a robust 19.77 % year-on-year growth, however, there was a minor increase of 4.08 % from the previous quarter. Interest expenses climbed by 3.75 % quarterly and sharply by 32.16 % annually, demonstrating effective cost control and improved debt management. Expenses rose by 9.09 % compared to the previous year, with a 4.44 % increase quarter-on-quarter. Financing Profit dropped by -21.26 % annually, and saw a -4.11 % decrease from the last quarter.
Net Profit showed yearly increase of 18.3 %, and experienced a 91.43 % increase from the previous quarter. Earnings Per Share (EPS) rose by 18.2 % annually, however rose by 93.23 % compared to the last quarter. In essence, while State Bank Of India, faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.