The bank had reported a net profit of Rs 2,234.34 crore in the year-ago period, SBI said in a BSE filing.
The total income of the bank rose to Rs 43,784 crore in the October-December quarter as against Rs 39,068 crore during the corresponding quarter of the previous fiscal.
Besides, its net interest income rose nine percent to Rs 13,777 crore from Rs 12,640 crore during corresponding period.
Provisions for bad loans during the third quarter of current fiscal increased 26 percent to Rs 5,235 crore from Rs 4,150 crore in the year-ago period.
However, the bank's net NPAs in the quarter under review fell to 2.8 percent from 3.24 percent during corresponding quarter.
Gross NPAs declined to 4.9 percent in the third quarter from 5.73 percent in similar period of last fiscal.
SBI shares were trading 6.36 percent up at Rs 302.50 apiece during afternoon session on the BSE.

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