SBI drops 9.11% in two days on weak Q4 earnings

Meanwhile, the BSE Sensex was up 21.81 points, or 0.11%, to 19,696.14.

On BSE, 7.11 lakh shares were traded in the counter as against an average daily volume of 3.79 lakh shares in the past one quarter.

The stock hit a high of Rs 2,198.75 and a low of Rs 2,130.10 so far during the day. The stock had hit a 52-week high of Rs 2,550 on 10 January 2013. The stock had hit a 52-week low of Rs 1,816.20 on 30 August 2012.

The stock had underperformed the market over the past one month till 23 May 2013, falling 4.83% compared with the Sensex's 2.58% rise. The scrip also underperformed the market in past one quarter, sliding 0.92% as against Sensex's 1.85% rise.

The large-cap state-run bank has equity capital of Rs 684.03 crore. Face value per share is Rs 10.

Shares of State Bank of India (SBI) dropped 9.11% in two trading days from a recent high of Rs 2,364.30 on 22 May 2013 after the state-run bank declared poor results during trading hours on Thursday, 23 May 2013.

SBI's net profit fell 18.5% to Rs 3299.22 crore on 7% increase in total income to Rs 36330.87 crore in Q4 March 2013 over Q4 March 2012.

SBI's net profit rose 20.5% to Rs 14104.98 crore on 12.3% increase in total income to Rs 135691.94 crore in the year ended March 2013 over the year ended March 2012.

SBI's ratio of net non-performing assets to net advances stood at 2.10% as on 31 March 2013, compared with 2.59% as on 31 December 2012 and 1.82% as on 31 March 2012.

The bank's ratio of gross non-performing assets (NPA) to gross advances stood at 4.75% as on 31 March 2013, compared with 5.30% as on 31 December 2012 and 4.44% as on 31 March 2012.

Provisions and contingencies rose 33.14% to Rs 4180.99 crore in Q4 March 2013 over Q4 March 2012. The provisioning coverage ratio as on 31 March 2013 stood at 66.58% compared with 68.10% as on 31 March 2012.

The bank's Capital Adequacy Ratio (CAR) as per Basel II norms stood at 12.92% as on 31 March 2013, compared with 12.21% as on 31 December 2012 and 13.86% as on 31 March 2012.

The board of SBI has declared a dividend of Rs 41.50 per share for the year ended 31 March 2013.

SBI is India's biggest commercial bank in terms of branch network. The Government of India (GoI) holds 62.31% stake in SBI (as per the shareholding pattern as on 31 March 2013).

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