Transcript of Q4-FY25 Results
Awaiting price reaction for this filing.
SBI held an analyst meet on May 3, 2025 to discuss FY25 results, reporting a full-year net profit of ₹70,901 crores, up 16% YoY, with operating profit crossing ₹1,10,000 crores. Loan book grew 12% and deposits 9.48%, but corporate credit growth fell short of the earlier 14–16% guidance due to unanticipated prepayments by large PSUs. Asset quality remained strong with slippage ratio at 0.55%, credit cost at 0.38%, PCR at 74.42%, and capital adequacy at 14.25% (CET1 at 10.81%). Management acknowledged that NIMs will come under pressure from further rate cuts, though they aim to protect NIM at the 3% level, and reaffirmed targets of RoA above 1% and RoE above 15% through cycles. The board approved an enabling resolution to raise up to ₹25,000 crores in equity, though no immediate need was flagged, with timing dependent on market conditions.
Q4 net profit declined YoY due to front-loaded provisions, which may weigh on short-term sentiment, but the full-year operating performance and stable asset quality reinforce confidence in the franchise. Management's candid acknowledgment of NIM headwinds and the optional ₹25,000 crores capital raise keep near-term expectations measured rather than supportive of a sharp re-rating.