State Bank of India (SBIN) Q4 24/25 earnings summary

Executive summary

• FY 2025 results show strong profitability, with consolidated net profit at ₹70,900.63 crore, up 16.08% year-on-year, and ROA/ROE above 1%/19%.

• Operating profit surpassed ₹1 lakh crore, up 17.89% YoY, driven by efficiency and controlled expenses.

• Digital banking adoption accelerated, with 8.77 crore YONO users and over 98% of transactions via alternate channels.

• Subsidiaries and insurance businesses contributed significantly to overall value creation.

• Dividend of ₹15.90 per share declared for FY2025.

Financial highlights

• Net profit for FY2025 was ₹70,900.63 crore (consolidated) and ₹61,076.62 crore (standalone), with total income at ₹5,24,172.41 crore.

• Advances grew 12.03% YoY to over ₹42 lakh crore; deposits rose 9.48% YoY to over ₹53 lakh crore.

• Net interest income for FY25 was ₹1,66,965 crore, up 4.43% YoY; non-interest income grew 19.35% YoY.

• Asset quality improved: GNPA at 1.82%, NNPA at 0.47%, credit cost at 0.38%, PCR at 74.42%.

• Basic and diluted EPS (standalone, FY2025): ₹68.44.

Outlook and guidance

• Expectation to maintain ROA above 1% despite potential NIM pressure from rate cuts.

• Board approved raising up to ₹25,000 crore equity capital in FY2025-26 to support growth and capital adequacy.

• Strategic focus on strengthening liability franchise, CASA mobilization, and digital transformation.

• Corporate credit growth guidance moderated to 12-13% due to PSU prepayments.

• Focus on keeping cost-to-income ratio below 50-51% and leveraging digitalization for efficiency.