SBI Q3FY25 Results: Net profit soars 84% YoY to Rs 16,891 crore, NII grows 4%

State Bank of India (SBI) reported a stellar 84 per cent year-on-year (YoY) leap successful standalone nett profit, reaching Rs 16,891 crore for Q3FY25, importantly higher than the Rs 9,163 crore reported successful the aforesaid 4th past year. The nett besides outperformed Street estimates of Rs 16,219 crore. However, connected a sequential basis, the profit declined by 8 per cent from Rs 18,331 crore successful Q2FY25.

Interest income and NII bespeak dependable growth

SBI’s net involvement income (NII) for the 4th stood astatine Rs 41,620 crore, registering a humble 4.09 per cent YoY growth from Rs 39,816 crore. Meanwhile, interest income roseate 10% YoY to Rs 1,17,427 crore, reflecting continued concern expansion. Despite this, SBI’s net involvement borderline (NIM) contracted by 19 ground points (bps) YoY and 12 bps quarter-on-quarter (QoQ) to 3.15 per cent, indicating immoderate unit connected margins.

Operating nett sees double-digit growth

SBI’s operating nett surged 15.81 per cent YoY, reaching Rs 23,551 crore successful Q3FY25. While maturation successful cardinal lending segments contributed to the rise, an summation successful involvement expenses besides played a relation successful moderating gains.

Loan publication expands, SME and agri lending pb growth

The slope posted a 13.49 per cent YoY recognition growth, with domestic advances rising 14.06 per cent. Notably, gross advances surpassed Rs 40 lakh crore. Key lending segments performed arsenic follows:

• SME loans: Up 18.71 per cent YoY
• Agriculture advances: Increased 15.31 per cent YoY
• Corporate loans: Grew 14.86 per cent YoY
• Retail idiosyncratic loans: Up 11.65 per cent YoY
• Foreign bureau advances: Expanded 10.35 per cent YoY

Interest expenses jump, impacting margins

The slope paid Rs 75,981 crore successful involvement expenses, a 13 per cent increase QoQ compared to Rs 66,918 crore successful Q2FY25. This emergence successful costs contributed to the flimsy diminution successful profitability connected a quarter-on-quarter basis.

Stock absorption and marketplace outlook

Despite robust earnings, SBI shares traded 0.55 per cent lower astatine Rs 761.85 connected the BSE astir 2:20 PM, reflecting capitalist caution amid planetary marketplace trends. The bank's show remains strong, but analysts volition ticker borderline trends intimately successful upcoming quarters.