Kingfisher stake sale, fewer provisions to drive SBI's Q1 profit: Analysts

Prabhudas Lilladher builds-in recovery from Kingfisher loans at Rs 20 crore

The country’s largest state-owned bank, State Bank of India (SBI), could report a healthy set of numbers for April-June quarter of FY22 (Q1FY22) on Wednesday, August 4, supported by recovery from United Breweries Group’s stake sale and lower interest income reversals, say analysts. They are pencilling-in a year-on-year rise in net profit between 33 per cent and 63 per cent.

Analysts at Emkay Global, for instance, peg the lender’s net profit at Rs 6,840.6 crore, up 63 per cent YoY from Rs 4,189.4 crore reported in the same quarter last year, on the back of healthy net interest margin (NIMs)