State Bank of India registers 9% y-o-y decline in Q4 net profit

5 May 2025 , 11:40 PM

State Bank of India (SBI) informed the bourses and shareholders that it has logged a 9.9% year-on-year decline in its net profit for the March 2025 quarter. Net profit stood at ₹18,643 Crore as compared to ₹20,698 Crore in the same quarter of previous year. The profit, however, was higher than the street estimates.

The business reported a Net Interest Income (NII) registered a growth of 1.5% to ₹42,774 Crore versus ₹41,655 Crore in Q4FY24. The marginal NII growth was supported by stable loan growth. However, the bank’s margins remained under pressure.

SBI also announced a dividend of ₹15.90 per share (1590%)  for the financial year ended March 2025. The dividend record date is May 16 and the bank intends to make payment on May 30.

Bank’s operating profit for the period under review registered a growth of 8.8% at ₹31,286 Crore. The business said that the provisions rose to 20.40% on a year-on-year basis to ₹3,964 Crore. The bank said that its gross NPA ratio enhanced to 1.82% in Q4FY25, against 2.24% in the previous corresponding period. However, NPA slipped to 0.47% against 0.57% in Q4FY24.

The bank’s net interest margin (NIM) stood at 3% in Q4FY25 for the whole bank, and 3.15% for domestic operations. 

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