SBI and 40 Companies to Announce Q1 Earnings Today

State Bank of India (SBI), India's largest public sector bank, is among 41 companies announcing Q1 2024 earnings today. SBI is expected to see a 3% drop in net profit due to increased provisions, despite a 10% rise in net interest income (NII). Analysts predict provisions to increase by 30-70% year-on-year. In Q1, SBI's advances and deposits growth are expected to remain strong, while margins may compress slightly. Other notable companies reporting today include Divi's Labs, Bank of India, and Amara Raja Battery.



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