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The State Bank of India (SBI), India’s largest public sector bank, reported a 9.93% year-on-year (YoY) decline in its standalone net profit to Rs 18,642.59 crore for the fourth quarter ended 31 March 2025, as compared to Rs 20,698.35 crore in Q4 FY24.
Despite the fall in profit, SBI’s total income rose 12.04% YoY to Rs 1,43,876.06 crore in Q4 FY25. The profit before tax also saw a dip of 8.45% YoY to Rs 24,844.35 crore.
Net interest income (NII) witnessed a moderate rise of 2.69% to Rs 42,775 crore, while the net interest margin (NIM) for domestic operations contracted by 32 basis points to 3.15%.
On the operational front, operating profit grew 8.83% YoY to Rs 31,286 crore. Deposits grew by 9.48% YoY to Rs 53.82 lakh crore, with CASA deposits increasing 6.34%. However, the CASA ratio dropped 114 bps to 39.97%.
SBI continued improving its asset quality, with gross NPAs declining to Rs 76,880 crore and the gross NPA ratio falling to 1.82% from 2.24% a year ago. Net NPA ratio stood at 0.47%, down from 0.57%. The provision coverage ratio (PCR) improved to 74.42%, while the extended PCR including AUCA touched 92.08%.
The return on assets (ROA) for the quarter fell to 1.12% from 1.36% YoY. Meanwhile, credit cost rose marginally to 0.39%, and the slippage ratio declined to 0.42%.
On a full-year basis, SBI's standalone net profit surged 16.08% YoY to Rs 70,900.63 crore, driven by a 12.28% growth in total income to Rs 5,24,172.41 crore in FY25.
The Capital Adequacy Ratio (CAR) stood at 14.25% as of March 31, 2025.
In addition, the board of SBI has declared a dividend of Rs 15.90 per share for FY25. The record date is set for 16 May 2025, and payment will be made on 30 May 2025.
The board also approved plans to raise equity capital up to Rs 25,000 crore via various means including QIP or FPO in FY26, subject to regulatory approvals.
SBI shares closed 1.51% higher at Rs 800.05 on the BSE on Friday.
