Goodwill Investors’ Education:                                                 8th June 2020

Eagle’s Eyes:  Stock Market Today- A review:

MARKEY NEWS TODAY:

SBI is a counter to watch closely for growth: SBI Q4 results  see record PAT

Today SBI @ Rs.194 …52 week High Rs 373..–Low Rs 169 per share

SBI declared its record Q4 results last working day.PAT @ Rs.3581 Cr

SBI announced its Q4 results with a record Q4 PAT for the Q ended March 2020 despite the lock down and slow down of the Indian economy.The present Q PAT is  four times q-o-q last year which was at Rs 838 cr. The decline in provisioning for bad loans and stake off-load in SBI Cards IPO helped the leading PSB to put up a good show.

Addressing the Press CMD Kumar said,” the legacy of bad loans were all provided for. We have cleaned up the Balance sheet and there is nothing that remains to be cleared. Of course the results pertain to pre-lock down era and post covid will be reflected in Q1 of 2020. We serve 49 cr customers which is more than the population of U S A. The Bank gained market share  both in deposits that grew @ 11.34 % to Rs 29.1 L Cr and Loan grew @ Rs 22.9 L Cr- 5.6 %. However he was diffident for the current Q. Rs 13,500 Provision for bad loans is made vis a vis Rs 13500 q-o-q.The Q4 profit of Rs 3237 cr includes the profit on sale of investments particularly of SBI Cards.

Results at a glance: FY 2020: Amount in Crores:

Operating profit:  Rs. 68133 … up by 23 %

Net profit…………..Rs. 14488 … up  by 1580 %

Loans……………… Rs   24.20 L – up  by 6 %

Deposits…………. Rs   32.40 L-  up by  11 %

Net NPA Ratio:     2.23          -Down by 78 Bps

CAR……………….13.06            up by 34 Bps

SBI shares are worth watching by the short term and medium term investors for a reasonable ROI.

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