SBI share price in focus ahead Q2 results today; Should you buy the PSU bank stock?
State Bank of India (SBI) share price traded marginally higher on Friday ahead of its Q2 results today. The largest state-run lender SBI is set to announce its earnings for the second quarter of FY25 today, November 8.
SBI is expected to report moderate growth in its September quarter earnings amid higher provisions. While the PSU bank’s asset quality is estimated to improve further, it may see a slight margin compression.
According to estimates by Axis Securities, SBI is likely to report net profit growth of around 12% at ₹16,074 crore for the quarter ended September 2024 from ₹14,330 crore in the year-ago quarter. However, on a sequential basis, net profit may fall 5.6%.
SBI’s Net Interest Income (NII) in Q2FY25 is estimated to…
