SBI Q2 profit rises 14.28% as shares still fall 1.70%
In short
SBI said Q2 net profit rose 14.28% year on year to ₹23,038 crore. The gain came from loan growth and a one-time sale of shares in SBI Funds Management.
Even so, the stock fell 1.70% to ₹970. The report says the bank beat analyst estimates, but it does not say why the shares still dropped.
What the reporting says
SBI reported a 14.28% year-on-year rise in second-quarter net profit to ₹23,038 crore, helped by loan growth and a one-time gain from selling shares in SBI Funds Management. Asset quality improved, yet the stock fell 1.70% to ₹970 even after results beat analyst estimates. The reporting leaves the market’s full reason for the share decline unspecified.
Why it matters
SBI posted a 14.28% year-on-year increase in Q2 net profit to ₹23,038 crore, supported by loan growth and a one-time gain from selling shares in SBI Funds Management. Asset quality also improved, but the market response was negative, with shares down 1.70% to ₹970 despite the beat versus analyst estimates. The source does not explain why investors sold the stock after the result.