SBI Q1 consolidated net zooms 93%

State Bank of India's (SBI) consolidated net profit for the quarter ended June 30, 2007, zoomed 93.3% to Rs 1,861.66 crore when compared with Rs 963.10 crore in the corresponding quarter a year ago.

According to a release issued by SBI to the BSE today, the group's total income for Q1FY08 increased 33.7% to Rs 18,882.68 crore from Rs 14,118.97 crore in Q1FY07.

On a stand-alone basis SBI's Q1FY08 net soared 78.5% to Rs 1,425.81 crore as against Rs 798.57 crore in Q1FY08. Total income was up 27.8% at Rs 12,229.09 crore from Rs 9,566.79 crore.