State Bank of India (NSE: SBIN)

State Bank of India Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Interest Income on Loans	4,626,629	4,391,885	3,508,446	2,899,727	2,781,155	2,698,517
Interest Paid on Deposits	2,840,555	2,597,360	1,899,808	1,561,943	1,560,102	1,611,238
Net Interest Income	1,855,694	1,794,525	1,608,638	1,337,783	1,221,053	1,087,279
Net Interest Income Growth (YoY)	6.26%	11.56%	20.25%	9.56%	12.30%	11.57%
Gain (Loss) on Sale of Assets	-252.05	-252.05	-290.32	-164.05	-283.36	-283.38
Gain (Loss) on Sale of Investments	137,829	137,829	2,355	59,299	74,993	92,027
Other Non-Interest Income	1,422,671	1,333,649	1,155,267	1,058,172	958,361	848,625
Total Non-Interest Income	1,642,886	1,553,864	1,225,336	1,170,004	1,072,224	981,590
Non-Interest Income Growth (YoY)	15.53%	26.81%	4.73%	9.12%	9.23%	26.88%
Revenues Before Loan Losses	3,498,579	3,348,389	2,833,973	2,507,787	2,293,277	2,068,869
Provision for Loan Losses	138,302	77,050	181,843	266,767	546,184	569,285
Revenue	3,360,277	3,271,339	2,652,130	2,241,021	1,747,093	1,499,584
Revenue Growth (YoY)	10.91%	23.35%	18.34%	28.27%	16.51%	27.22%
Salaries and Employee Benefits	716,769	765,712	619,209	614,451	543,308	488,505
Occupancy Expenses	118,441	118,441	111,043	106,181	103,847	104,138
Selling, General & Administrative	62,512	62,512	58,105	48,592	42,335	48,100
Other Non-Interest Expense	1,411,567	1,341,274	1,109,789	974,410	814,806	677,073
Total Non-Interest Expense	2,293,879	2,273,887	1,886,230	1,735,364	1,508,215	1,288,184
EBT Excluding Unusual Items	1,066,398	997,452	765,900	505,656	238,878	211,400
Other Unusual Items	-71,000	-71,000	-	-	-	-
Pretax Income	995,398	926,452	765,900	505,656	238,878	211,400
Income Tax Expense	250,792	231,018	188,401	133,825	-	-
Earnings From Continuing Operations	744,606	695,434	577,499	371,832	238,878	211,400
Minority Interest in Earnings	-29,046	-24,587	-21,017	-18,093	-14,824	-13,722
Net Income	715,560	670,847	556,482	353,739	224,055	197,678
Net Income to Common	715,560	670,847	556,482	353,739	224,055	197,678
Net Income Growth	4.91%	20.55%	57.31%	57.88%	13.34%	759.60%
Basic Shares Outstanding	8,925	8,925	8,925	8,925	8,925	8,925
Diluted Shares Outstanding	8,925	8,925	8,925	8,925	8,925	8,925
Shares Change (YoY)	-0.01%	0.00%	0.00%	-	-	0.00%
EPS (Basic)	80.18	75.17	62.35	39.64	25.11	22.15
EPS (Diluted)	80.18	75.17	62.35	39.64	25.11	22.15
EPS Growth	4.92%	20.56%	57.31%	57.88%	13.34%	759.60%
Dividend Per Share	13.700	13.700	11.300	7.100	4.000	-
Dividend Growth	21.24%	21.24%	59.15%	77.50%	-	-
Effective Tax Rate	25.20%	24.94%	24.60%	26.47%	-	-

Source: S&P Capital IQ. Banks template. Financial Sources.