State Bank of India Past Earnings Performance

Past criteria checks 3/6

State Bank of India has been growing earnings at an average annual rate of 41.3%, while the Banks industry saw earnings growing at 38% annually. Revenues have been growing at an average rate of 17.7% per year. State Bank of India's return on equity is 16.2%, and it has net margins of 21.6%.

Key information

41.3%

Earnings growth rate

41.3%

EPS growth rate

Banks Industry Growth	38.0%
Revenue growth rate	17.7%
Return on equity	16.2%
Net Margin	21.6%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

If You Had Bought State Bank of India (NSE:SBIN) Stock Five Years Ago, You Could Pocket A 90% Gain Today

Mar 18

Do State Bank of India's (NSE:SBIN) Earnings Warrant Your Attention?

Feb 11

What Kind Of Shareholders Hold The Majority In State Bank of India's (NSE:SBIN) Shares?

Jan 07

Revenue & Expenses Breakdown
Beta

How State Bank of India makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NSEI:SBIN Revenue, expenses and earnings (INR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,960,213	637,944	999,450
30 Sep 23	2,841,436	682,074	951,085
30 Jun 23	2,697,295	668,599	888,482
31 Mar 23	2,463,729	556,482	841,763
31 Dec 22	2,322,058	471,035	843,407
30 Sep 22	2,182,723	411,812	818,729
30 Jun 22	2,140,426	353,191	814,447
31 Mar 22	2,107,196	353,739	817,224
31 Dec 21	2,104,966	319,503	735,550
30 Sep 21	2,008,571	286,528	741,118
30 Jun 21	1,840,967	250,089	739,787
31 Mar 21	1,747,093	224,055	732,219
31 Dec 20	1,617,798	231,899	714,851
30 Sep 20	1,609,156	234,643	697,120
30 Jun 20	1,513,886	215,938	683,602
31 Mar 20	1,499,584	197,678	673,098
31 Dec 19	1,514,422	141,023	645,387
30 Sep 19	1,423,277	122,795	641,496
30 Jun 19	1,356,964	94,806	624,440
31 Mar 19	1,178,694	22,996	611,820
31 Dec 18	1,069,300	-64,869	590,864
30 Sep 18	875,249	-130,826	563,417
30 Jun 18	779,015	-118,186	542,211
31 Mar 18	839,096	-45,563	517,319
31 Dec 17	839,080	80	493,031
30 Sep 17	905,880	40,468	495,801
30 Jun 17	925,472	22,271	501,044
31 Mar 17	882,347	2,412	500,833
31 Dec 16	889,439	44,788	480,403
30 Sep 16	846,009	35,860	466,843
30 Jun 16	889,133	85,570	458,222
31 Mar 16	924,840	122,246	453,327
31 Dec 15	981,720	156,589	438,404
30 Sep 15	1,013,027	182,276	435,620
30 Jun 15	983,056	172,597	430,378
31 Mar 15	990,673	169,943	427,690
31 Dec 14	945,657	162,640	407,421
30 Sep 14	924,516	152,744	407,262
30 Jun 14	886,275	143,234	410,150
31 Mar 14	846,824	141,738	408,502
31 Dec 13	804,097	140,277	375,723
30 Sep 13	785,534	158,376	356,375
30 Jun 13	806,434	173,401	353,096

Quality Earnings: SBIN has high quality earnings.

Growing Profit Margin: SBIN's current net profit margins (21.6%) are higher than last year (20.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SBIN has become profitable over the past 5 years, growing earnings by 41.3% per year.

Accelerating Growth: SBIN's earnings growth over the past year (35.4%) is below its 5-year average (41.3% per year).

Earnings vs Industry: SBIN earnings growth over the past year (35.4%) did not outperform the Banks industry 42.1%.

Return on Equity

High ROE: SBIN's Return on Equity (16.2%) is considered low.

Return on Assets

Return on Capital Employed

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State Bank of India Past Earnings Performance

Past criteria checks 3/6

Key information

Recent past performance updates

Third quarter 2024 earnings released: EPS: ₹12.40 (vs ₹17.34 in 3Q 2023)

State Bank of India to Report Q3, 2024 Results on Feb 03, 2024

Second quarter 2024 earnings released: EPS: ₹18.04 (vs ₹16.53 in 2Q 2023)

State Bank of India to Report Q2, 2024 Results on Nov 04, 2023

First quarter 2024 earnings released: EPS: ₹20.77 (vs ₹8.21 in 1Q 2023)

State Bank of India to Report Q1, 2024 Results on Aug 04, 2023

Recent updates

State Bank of India Denies Reports on Yes Bank Stake Sale via Block Deal

Phoenix ARC, Edelweiss Keen to Acquire SBI Loan to HNG

Third quarter 2024 earnings released: EPS: ₹12.40 (vs ₹17.34 in 3Q 2023)

New major risk - Revenue and earnings growth

State Bank of India to Report Q3, 2024 Results on Feb 03, 2024

Consensus EPS estimates fall by 12%

State Bank of India (NSEI:SBIN) agreed to acquire 6.35% stake in Canpac Trends Pvt Ltd.

State Bank of India Appoints Vinay M. Tonse as Managing Director

Is Now The Time To Put State Bank of India (NSE:SBIN) On Your Watchlist?

Second quarter 2024 earnings released: EPS: ₹18.04 (vs ₹16.53 in 2Q 2023)

State Bank of India Announces Change in Management

State Bank of India to Report Q2, 2024 Results on Nov 04, 2023

State Bank of India Announces Superannuation of Subrata Biswas as Deputy Managing Director

New major risk - Revenue and earnings growth

State Bank of India Announces Superannuating of Sanjay D Naik as Deputy Managing Director

State Bank of India Reportedly May Have Attracted Top Distressed Asset Buyers' Interest for Its Bad Loans

New major risk - Revenue and earnings growth

First quarter 2024 earnings released: EPS: ₹20.77 (vs ₹8.21 in 1Q 2023)

Should You Be Adding State Bank of India (NSE:SBIN) To Your Watchlist Today?

State Bank of India to Report Q1, 2024 Results on Aug 04, 2023

State Bank of India Informs Nomination of Shri Ajay Kumar, Executive Director, Reserve Bank of India as Director on the Central Board of State Bank of India

PSBs Reportedly Shelve Deal to Sell Drug Company Loans to NARCL

State Bank of India Appoints Shri Kameshwar Rao Kodavanti as Chief Financial Officer

State Bank of India Announces Resignation of Charanjit Surinder Singh Attra as Chief Financial Officer

State Bank of India Announces Change in Directorate

Punjab National Bank, Life Insurance Corporation of India, State Bank of India, and Bank of Baroda Reportedly Look to Seek Bids for UTI Asset Management Company Stake

Upcoming dividend of ₹11.30 per share at 1.9% yield

State Bank of India's (NSE:SBIN) Dividend Will Be Increased To ₹11.30

State Bank of India Declares Dividend for the Financial Year Ended 31 March, 2023, Payable on June 14, 2023

Full year 2023 earnings: EPS exceeds analyst expectations

ACRE Reportedly Set to Buy Out SBI's Loans to Road Company in West Bengal

State Bank of India Appoints Swati Gupta as Non- Executive Independent Director on the Central Board of Directors in the Bank

State Bank of India, Annual General Meeting, Jun 19, 2023

Third quarter 2023 earnings released: EPS: ₹17.34 (vs ₹10.71 in 3Q 2022)

State Bank of India to Report Q3, 2023 Results on Feb 03, 2023

State Bank of India (NSEI:SBIN) entered into an agreement to acquire remaining 40% stake in Commercial Indo Bank" LLC from Canara Bank (NSEI:CANBK) for $14.7 million.

Tata Reportedly in Talks to Buy Majority Stake in UTI AMC from 4 PSU Finance Entities

State Bank of India Announces Nomination of Shri Vivek Joshi as Director

Price target increased to ₹709

Price target increased to ₹703

Second quarter 2023 earnings released: EPS: ₹16.53 (vs ₹9.96 in 2Q 2022)

State Bank of India to Report Q2, 2023 Results on Nov 05, 2022

Aditya Birla Sun Life AMC Joins Race to Acquire Stake in UTI AMC

First quarter 2023 earnings released: EPS: ₹8.21 (vs ₹8.27 in 1Q 2022)

Housing Development Finance Corporation Limited (BSE:500010) completed acquisition of remaining 19.5% stake in HDFC Venture Capital Limited from State Bank of India (NSEI:SBIN).

Housing Development Finance Corporation Limited (BSE:500010) entered into an agreement to acquire remaining 19.5% stake in HDFC Venture Capital Limited from State Bank of India (NSEI:SBIN) for INR 9.75 million.

State Bank of India to Report Q1, 2023 Results on Aug 06, 2022

State Bank of India Announces Cessation of Ravindra Pandey as Nominee Director (Non-Executive)

State Bank of India Appoints Saloni Narayan as Deputy Managing Director (Finance)

State Bank of India Announces Cessation of Ashwani Bhatia as Managing Director

State Bank of India Appoints Mr. Sharad Sharma as Nominee Director

State Bank of India, Annual General Meeting, Jun 22, 2022

State Bank of India (NSE:SBIN) Is Paying Out A Larger Dividend Than Last Year

Here's Why We Think State Bank of India (NSE:SBIN) Is Well Worth Watching

State Bank of India Declares Dividend for the Financial Year Ended 31 March, 2022, Payable on June 10, 2022

Full year 2022 earnings: EPS and revenues miss analyst expectations

State Bank of India (NSEI:SBIN) agreed to acquire 13.82% stake in SBI Global Factors Ltd. from Union Bank of India (BSE:532477), Bank of Maharashtra (BSE:532525), and Small Industries Development Bank of India.

State Bank of India (NSEI:SBIN) agreed to acquire 13.82% stake in SBI Global Factors Ltd. from Union Bank of India (BSE:532477), Bank of Maharashtra (BSE:532525), and Small Industries Development Bank of India.

State Bank of India Announces Nomination of Shri Sanjay Malhotra as Director on the Central Board of Directors

Third quarter 2022 earnings: EPS misses analyst expectations

Here's Why We Think State Bank of India (NSE:SBIN) Is Well Worth Watching

Second quarter 2022 earnings released: EPS ₹9.96 (vs ₹5.88 in 2Q 2021)

Price target increased to ₹594

Does State Bank of India (NSE:SBIN) Deserve A Spot On Your Watchlist?

State Bank Seeks NCLAT Nod to Call for Fresh Bidding for Videocon

First quarter 2022 earnings released: EPS ₹8.27 (vs ₹5.35 in 1Q 2021)

Here's Why I Think State Bank of India (NSE:SBIN) Is An Interesting Stock

Price target increased to ₹511

Upcoming dividend of ₹4.00 per share

Revenue & Expenses Breakdown
Beta