By:- B.T Team

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SBI to Announce Q3 Results Today!

SBI's standalone net profit is anticipated to rise by 58-65% year-on-year, reaching between ₹14,500–₹15,250 crore, driven by loan and deposit growth along with stable asset quality.

Despite the impressive year-on-year growth, the projected net profit shows a sequential decline from the previous quarter's ₹18,331 crore.

Net Interest Income (NII) is expected to grow by only 4-6% YoY, reaching ₹41,600–42,440 crore, indicating a more conservative increase compared to net profit projections.

SBI shares are trading below key exponential moving averages (21, 50, and 200-day), forming a bearish engulfing pattern on daily charts, signaling potential short-term weakness.

The options market implies a potential ±6.1% price movement ahead of the February expiry, reflecting anticipated volatility around the earnings announcement.

Analysts anticipate healthy double-digit growth in SBI's loan book, showcasing the bank's robust lending activities.

Alongside loan growth, deposits are also expected to see significant double-digit increases, strengthening the bank's funding base.

The surge in profitability is attributed to stable asset quality, indicating effective risk management practices by SBI.

Ahead of the Q3 results, SBI shares closed at ₹766, down 1.6% on February 5, reflecting cautious investor sentiment.

The formation of a bearish engulfing candle on the daily chart suggests potential bearish reversal, warranting close monitoring by investors.

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