Analyst presentation Q4-FY25
Awaiting price reaction for this filing.
State Bank of India filed its Q4 FY25 analyst presentation showing operating profit crossing ₹1 lakh crore for the first time, reaching ₹1,10,579 crores (up 17.89% YoY), driven by efficiency in operating income and contained expenses. Net profit for FY25 stood at ₹70,901 crores (up 16.08% YoY), with Q4FY25 net profit at ₹18,643 crores. Whole bank advances grew 12.03% YoY to ₹42.20 lakh crore, while deposits grew 9.48% YoY to ₹53.82 lakh crore, with current account balances up 27.02% YoY. Asset quality improved significantly with GNPA ratio falling to 1.82% (from 2.24%) and NNPA to 0.47% (from 0.57%), while credit cost remained low at 0.38%. However, net interest margins compressed to 3.09% (from 3.28%) on a whole bank basis. ROA stood at 1.10% and ROE at 19.87%, with management stating that over the medium term, they expect ROE to be greater than credit growth.
Positive overall for shareholders — record operating profit, strong double-digit loan growth, and notable improvement in asset quality reinforce SBI's leadership position. However, NIM compression of 19 bps is a watch point, and the lower Q4 net profit (down 9.93% YoY) may temper near-term sentiment despite the strong full-year performance.