SBI Q4 results: Net profit slides 10% YoY to Rs 18,642.59 cr, NII surges 3%

India’s largest state lender State Bank of India (SBI) posted a 10% YoY drop in its net profit for the fourth quarter of FY 25 at Rs 18,642.59 crore, compared to a net profit of Rs 20,698.35 crore reported in the year-ago period. Meanwhile, the net interest income (NII) grew 2.7% YoY to Rs 42,774.55 crore.

Meanwhile, the Net Interest Margin (NIM) for the domestic book dropped by 32 basis points YoY to 3.15%, compared to 3.47% in Q4FY24.

Additionally, SBI has declared a dividend of Rs 15.90 per share along with its fourth quarter results.

On the operating front, the bank posted an operating profit of Rs 31,286 crore in Q4FY25, marking an 8.83% increase over Rs 28,748 crore a year ago. However, the loan loss provisions surged 20.35% YoY to Rs 3,964 crore from Rs 3,294 crore in Q4FY24.

Talking about the asset quality, SBI’s gross NPA ratio came in at 1.82%, improving by 42 bps YoY, while the net NPA ratio was at 0.47%, improving by 10 bps YoY.

The provision coverage ratio was reported at 74.42%, which improved by 60 bps YoY. The slippage ratio for FY25 improved by 7 bps YoY and stands at 0.55%. Additionally, the slippage ratio for Q4FY25 improved by 1 bp YoY and stands at 0.42%.The state lender’s credit cost for FY25 stands at 0.38% and its capital adequacy ratio as at the end of FY25 stands at 14.25%.The state lender’s credit cost for FY25 stands at 0.38% and its capital adequacy ratio as at the end of FY25 stands at 14.25%.

Further, SBI informed its plan to raise equity capital of up to Rs 25,000 crore during the financial year 2025–26. This may be done through Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO) or any other permitted method – such as rights issue, preferential allotment, etc.

The fundraising can happen in one or more tranches. SBI shares closed 1.5% higher at Rs 800.05 on the BSE on Friday.