SBI shares in focus after Q3 PAT beats estimates. Should you buy, sell, or hold?
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State Bank of India (SBI) shares will be in focus on Friday after the public sector lender reported an 84% year-on-year (YoY) rise in standalone net profit for the December quarter, reaching Rs 16,891 crore compared to Rs 9,163 crore in the same period last year. The profit exceeded Street estimates of Rs 16,219 crore. SBI's net interest income (NII) for Q3FY25 increased by 4.09% YoY to Rs 41,620 crore from Rs 39,816 crore reported in the year-ago period. Meanwhile, the net interest margin (NIM) contracted by 19 bps YoY and 12 bps QoQ to 3.15% in the reported quarter. SBI's operating profit for Q3FY25 grew by 15.81% YoY to Rs 23,551 crores. Also Read: Will RBI cut interest rates? Morgan Stanley identifies stocks that could benefit the most The interest income in Q3FY25 stood at Rs 1,17,427 crore, up 10% over Rs 1,06,734 crore reported in the corresponding quarter of the last financial year. State Bank of India Q3 Credit Growth The...