SBI Q4 Results: State Bank of India (SBI) has announced its results for the fourth quarter of fiscal year 2024-25 (Q4FY25), reporting a net profit of ₹18,643 crore. However, this represents a 9.9% decrease compared to ₹20,698 crore in the same quarter of the previous year. This decline is primarily attributed to an increase in provisions.
Compared to the previous quarter, Q3FY25, the bank's profit increased by 10.4%. SBI reported a profit of ₹16,891 crore in Q3FY25. This indicates an improvement in the bank's performance compared to the previous quarter.
Strong Profit Growth for the Full Fiscal Year
For the full fiscal year 2024-25, SBI achieved a record net profit of ₹70,901 crore, reflecting a year-on-year growth of 16.08%. Following this b performance, the bank declared a dividend of ₹15.90 per share, higher than the ₹13.70 per share dividend in the previous fiscal year. This dividend will be paid in June, which is welcome news for investors.
Robust Income Growth and Improvements
SBI's net interest income (NII) increased by 2.69% year-on-year to ₹42,775 crore in the March quarter (Q4FY25). Quarter-on-quarter, NII saw a 3.21% increase, demonstrating the stability of the bank's income growth.
However, the bank's net interest margin (NIM) decreased by 32 basis points to 3.15% this quarter, compared to 3.47% in the same quarter last year. However, the bank witnessed a significant increase in other income. Earnings from fees, commissions, and treasury income totaled ₹24,210 crore, exceeding the ₹17,369 crore recorded last year.
Exceptional Asset Quality and Loan Growth
SBI also showed improvement in its asset quality, with gross Non-Performing Assets (NPAs) decreasing to 1.82%. Net NPAs also fell to 0.47%, a 10 basis point decrease from the previous quarter. This improvement demonstrates SBI's enhanced loan quality and strengthening balance sheet.
The bank's total loan portfolio increased by 12.03% year-on-year to ₹42 lakh crore. Domestic loans grew by 11.56%, with the home loan segment exhibiting the best performance, recording a 14.46% increase.
Customer Confidence and Improved Services
SBI also experienced significant growth in deposits. Total deposits reached ₹53.8 lakh crore, reflecting a 9.48% year-on-year increase. Furthermore, the share of low-cost deposits (current and savings accounts – CASA) stood at 6.34% in March 2025.
SBI's Capital Adequacy Ratio
SBI's capital adequacy ratio stood at 14.25%, with the Common Equity Tier-1 (CET-1) ratio recorded at 10.81%. This ratio reflects the bank's financial strength and is a positive indicator for investors.
