The bank's consolidated profit was Rs 4,575.31 crore a year earlier. (Agencies)
Total income on a consolidated basis rose to Rs 53,118.63 crore from Rs 49,917.47 crore in the same period a year ago, SBI said in a BSE filing.
On a standalone basis, SBI's profit declined 35 percent to Rs 2,375 crore from Rs 3,658.1 crore. Total income was Rs 37,199.92 crore as against Rs 32,953.47 crore in the same period a year ago.
This is the bank's first earnings after Arundhati Bhattacharya took over as Chairperson on October 7.
Provisions for non-performing assets during the quarter rose to Rs 2,645.40 crore as against Rs 1,837.19 crore in the same period of the previous financial year.
As of September 30, the bank's gross non-performing assets (NPAs) deteriorated to 5.64 percent of gross advances, compared with 5.15 percent year a year ago. Net NPAs rose to 2.91 percent from 2.44 percent.
SBI shares traded at Rs 1,724.90, up 2.95 percent on the BSE.
The bank's consolidated profit was Rs 4,575.31 crore a year earlier.