SBI Down by 6 Percent after a Disappointing QTR Results

State Bank of India declared results today and the company even touched its monthly low and almost declined by 7 Percent or so .It Touched the montly low of 2401 .
State Bank of India Results
The Unaudited results for the Quarter ended March 31, 2011

The net profit of the bank stood at Rs20.88 crore for the quarter ended March 31, 2011 where as the same was at Rs1866.60 crore for the quarter ended March 31, 2010.
The total income of the bank came in at Rs26536.84 crore for the quarter ended March 31, 2011 where as the same was at Rs22474.12 crore for the quarter ended March 31, 2010.

The Audited results for the Year ended March 31, 2011

The net profit of the bank stood at Rs8264.52 crore for the year ended March 31, 2011 where as the same was at Rs9166.05 crore for the year ended March 31, 2010.
The total income of the bank came in at Rs97218.96 crore for the year ended March 31, 2011 where as the same was at Rs85962.07 crore for the year ended March 31, 2010.


Consolidated Results:
The Audited consolidated results for the Year ended March 31, 2011

The net profit of the group stood at Rs10684.95 crore for the year ended March 31, 2011 where as the same was at Rs11733.83 crore for the year ended March 31, 2010.
The total income of the bank came in at Rs147843.92 crore for the year ended March 31, 2011 where as the same was at Rs133851.83 crore for the year ended March 31, 2010.

‘Consequent to the notification of the ‘Acquisition of State Bank of Indore Order, 2010′ issued by the Govt. of India, the undertaking of State Bank of Indore stands transferred to and vests in State Bank of India (‘the Bank’), with effect from August 26, 2010, the effective date. The results for the quarter and year ended March 31, 2011 include the results of operations of the erstwhile State Bank of Indore for the period from August 26, 2010 and the results of the Bank are not comparable to that extent.’
Further, the board of directors of the bank recommended a dividend of Rs30 per share (300%) for the year ended March 31, 2011.