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State Bank of India Q4 Results: Profit beats estimates; NII rises 1.5%Net interest income (NII) rose 1.5% to ₹42,774 crore from ₹41,655 crore in Q4FY24, aided by steady loan growth, though margins remained under pressure. This was slightly above the poll's forecast of ₹42,465.7 crore.By Poonam Behura  May 3, 2025, 4:41:04 PM IST (Updated)2 Min ReadState Bank of India (SBI), the country's largest lender by assets, reported a 9.9% year-on-year decline in net profit for the March quarter (Q4FY25) at ₹18,643 crore, compared with ₹20,698 crore a year earlier. The profit surpassed analysts' average estimate of ₹17,093.6 crore, according to a CNBC-TV18 poll.

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Net Profit At ₹18,643 Cr Vs CNBC-TV18 Poll Of ₹17,093.6 Cr

NII At ₹42,774 Cr Vs CNBC-TV18 Poll Of ₹42,465.7 Cr pic.twitter.com/dCvjqENmgG

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Net interest income (NII) rose 1.5% to ₹42,774 crore from ₹41,655 crore in Q4FY24, aided by steady loan growth, though margins remained under pressure. This was slightly above the poll's forecast of ₹42,465.7 crore.

The lender also declared a dividend of ₹15.90 per share (1590%) for the fiscal year ended March 31, 2025. The record date for the dividend is May 16 and payment is scheduled for May 30.

Operating profit for the quarter rose 8.8% to ₹31,286 crore, while provisions increased 20.4% YoY to ₹3,964 crore. The bank’s gross NPA ratio improved to 1.82% from 2.24% a year earlier, and net NPA dropped to 0.47% from 0.57%.

The bank’s net interest margin (NIM) for Q4FY25 stood at 3.00% for the whole bank and 3.15% for domestic operations, down 47 basis points and 32 basis points respectively from the year-ago quarter.

SBI’s asset quality saw notable improvement, gross non-performing asset (NPA) ratio declining to 1.82% from 2.07% in the previous quarter. Net NPA ratio eased to 0.47% from 0.53% quarter-on-quarter.

In absolute terms, gross NPAs fell to ₹76,880 crore from ₹84,360 crore in Q3FY25, while net NPAs declined to ₹19,667 crore from ₹21,378 crore.

SBI reported a sharp rise in provisions for the March quarter (Q4FY25), which jumped to ₹6,442 crore, up from ₹1,610 crore a year earlier and ₹911 crore in the previous quarter. Fresh slippages during the quarter stood at ₹4,319 crore, marginally higher than ₹4,146 crore in Q3FY25.

Total advances as of March 2025 rose to ₹42.21 trillion, a 12.03% increase YoY, driven by 16.9% growth in SME loans and 14.5% growth in home loans. Domestic retail personal advances grew by 11.4% to ₹15.06 trillion.

Deposits rose 9.5% YoY to ₹53.82 trillion. The CASA ratio came in at 39.97%, down from 41.11% in the year-ago period. Domestic CASA deposits grew 6.34% YoY.

The lender maintained a solid capital position with a capital adequacy ratio (CAR) of 14.25% and CET-1 ratio of 10.81%. The bank continued to expand its digital footprint, with 64% of new savings bank accounts sourced through its YONO app, and 98.2% of total transactions conducted via alternate channels.Continue ReadingFirst Published: May 3, 2025 2:58 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsSBI Q4 resultsshare market today