State Bank of India has posted a single net profit of Rs 4,1189 crore in the first quarter of the current financial year. Earlier, SBI had posted a net profit of Rs 2,331.02 crore in the April-June quarter of 2011BI-2017. According to the stock exchange, State Bank of India’s (SBI) total revenue rose to Rs 744,4557.86 crore in the first quarter of 2020-21 from Rs 70,065,653.23 crore in the same period a year ago.
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In communications sent to stock exchanges, the country’s largest bank said its single income rose to Rs 744,545.66 crore from Rs 70,065,653.23 crore in the same quarter last fiscal. The bank’s total non-performing assets (NPAs) declined to 5.44 per cent from 7.53 per cent in the same period last fiscal. Similarly, the bank’s net NPA stood at 1.8 per cent, down from 3.07 per cent a year ago.
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On a consolidated basis, SBI’s net profit rose 2% to Rs 4,7766.50 crore from Rs 2,950.50 crore in the same quarter last fiscal. The bank’s consolidated total income rose to ৮ 87,984.43 crore during the quarter, from Rs 833,274.04 crore in the same quarter a year ago.
Zidas Wellness net profit for the June quarter rose 11 percent
Zidas Group’s Zayed Wellness’s net profit for the quarter ended June 30 rose 10.94 per cent to Rs 89.20 crore. The company had posted a net profit of Rs 60.40 crore in the same quarter last fiscal. In a communication sent to BSE, the company said its consolidated operating income was Rs 5,337.37 crore for the quarter, compared to Rs 622.25 crore in the same quarter last fiscal. The company said Covid-19 had affected its operations early in the last quarter. “After resolving logistics-related challenges and getting permission to reopen production centers, it was able to overcome the initial setbacks,” the company said.