SBI Share Price: Giving information about the quarterly results, SBI said that the net profit of the bank on a standalone basis in the July-September quarter was Rs 18,331 crore. This was Rs 14,330 crore in the same quarter a year ago.

1. SBI Q2 Result: The integrated net profit of State Bank of India (SBI) for the second quarter of July-September of the current financial year (2024-25) increased by 23 percent year-on-year to Rs 19,782 crore. In the second quarter of the previous financial year, the bank had earned an integrated net profit of Rs 16,099 crore. Giving information about the quarterly results on Friday, SBI said that the net profit of the bank on a standalone basis during the July-September period was Rs 18,331 crore, as against Rs 14,330 crore in the same quarter a year ago. In the previous quarter (April-June) it was Rs 17,035 crore.
2. Total income increased to Rs 1.29 lakh crore.
3. The bank's total income increased to Rs 1.29 lakh crore during the period under review, from Rs 1.12 lakh crore in the same period a year ago. The bank's total expenditure in the second quarter increased to Rs 99,847 crore from Rs 92,752 crore in the same quarter of the previous financial year. The bank's provision for bad loans doubled from Rs 1,814 crore to Rs 3,631 crore. The bank's total NPA ratio stood at 2.13 percent on September 30, while it was 2.21 percent in June. The results have come out for the first time after CS Shetty was appointed as the Chairman of SBI in August.
4. Strong growth in results but still shares fell.
   Even though the profit of the largest public sector bank has increased by 23 percent, but on Friday the shares of the bank witnessed a decline of more than 2 percent. The shares of the bank opened with a slight rise at the beginning of the trading session, but later it fell by about 3 percent. A slight recovery was seen in the stock afternoon. During the intraday session, the stock touched a low of Rs 834.30 and a high of Rs 863.65. The 52-week low level of the share is Rs 555.25 and the high level is Rs 912.10.
5. Why did the stock fall?
   The Indian stock market has been in a state of turmoil for some time now. Foreign investors (FIIs) are booking profits from the Indian market and turning to China. Due to foreign investors withdrawing money from the Indian market, the major index Sensex and Nifty are witnessing a decline.