SBI Q3 Results 2025 Highlights: PSU Bank reports 83% YoY jump in Q3 PAT; stock extends decline

Shares of SBI ended the day lower following its Q3 FY25 update. The stock settled at ₹752.35 on the BSE, down 1.79%.

64% of SB accounts acquired digitally through YONO. Meanwhile, the share of Alternate Channels in total transactions increased from ~97.7% in 9MFY24 to ~98.1% in 9MFY25.

SBI Q3 Results LIVE: Capital Adequacy Ratio (CAR) as at the end of Q3FY25 stands at 13.03%, shows an exchange filing.

- Credit growth at 13.49% YoY with domestic advances growing by 14.06% YoY. Gross advances cross ₹40 lakh crores.

- Foreign offices’ advances grew by 10.35% YoY.

- SME advances grew by 18.71% YoY.

- Agri advances grew by 15.31% YoY.

- Corporate advances registered YoY growth of 14.86%.

- Retail personal advances grew by 11.65% YoY.

- Whole bank deposits grew at 9.81% YoY, out of which CASA deposits grew by 4.46% YoY.

- CASA ratio stands at 39.20% as of 31st December 2024.

SBI Q3 Results LIVE: Update on asset quality:

• PCR (incl. AUCA) improved by 25 bps YoY and stands at 91.74%. Provision Coverage Ratio (PCR) at 74.66% improved by 49 bps YoY.
• Slippage Ratio for 9MFY25 improved by 8 bps YoY and stands at 0.59%. Slippage Ratio for Q3FY25 improved by 19 bps YoY and stands at 0.39%
• Credit Cost for Q3FY25 stands at 0.24%.

• Whole Bank and Domestic NIM for 9MFY25 stand at 3.12% and 3.25% respectively.

• Whole Bank and Domestic NIM for Q3FY25 stand at 3.01% and 3.15% respectively.

SBI Q3 Results LIVE: Operating Profit for Q3FY25 grew by 15.81% YoY to ₹23,551 crore, while ROA stood at 1.04% for the quarter increased by 42 bps YoY. The bank’s ROA and ROE for the 9MFY25 came in at 1.09% and 21.46%, respectively.

SBI Q3 Results LIVE: The percentage of gross NPAs or non-performing assets improved to 2.07% in Q3 FY25 from 2.42% in Q3 FY24. On QoQ basis, too, the figure saw an improvement as against 2.13% in Q2 FY25. The net NPA figure came in at 0.53% vs 0.64% YoY and 0.53% QoQ.

The Provision coverage ratio (PCR) as of 31st December 2024 is 74.66%. PCR with AUCA is 91.74%. AUCA represents accounts to the extent fully provided and transferred to a separate head called Advance Under Collection Account (AUCA) with a clear purpose of cleaning the balance sheet. The balance in AUCA as of 31st December 2024 is ₹1,74,455.32 crore. Out of this, ₹1,65,640.02 crore is aged up to 5 years, ₹8,93,452.56 crore is more than 5 years but less than 10 years old, and ₹15,362.74 crore is more than 10 years old.

SBI Q3 Results LIVE: The net interest income for Q3 stood at ₹41,445.51 crore compared to ₹39,815.73 crore, up 4% YoY. The figure was flat against ₹41,619.54 crore posted in the preceding quarter.

SBI Q3 Results LIVE: State Bank of India (SBI) posted an 84.32% YoY jump in standalone net profit to ₹16,891 crore as against ₹9,164 crore in the same period last year. On a sequential basis, however, the PAT dipped 7.8% from ₹18,331 crore.

SBI Q3 Results LIVE: State Bank of India shares traded nearly 1% lower ahead of the earnings announcement on February 6. The stock was at ₹759.30 apiece, down 0.89%.

SBI Q3 Results LIVE: Emkay Global's earnings expectations from SBI:

• NII seen rising 7.6% YoY to ₹42,845 crore
• PAT seen surging 89% YoY to ₹17,293 crore
• NIM could see a 7 bps decline to 3.1%

"We expect NIMs to remain largely flat, which, coupled with contained staff costs, should support profitability. Slippages will be lower QoQ due to lower agri stress, but slightly higher YoY due to recognition of MTNL as NPA," said the brokerage.

SBI Q3 Results LIVE: Axis Securities sees an 80% YoY jump in SBI's Q3 net profit to ₹16,473 crore even as the figure is expected to decline by 10% QoQ. Here are other key expectations and monitorable:

• Advances and deposits growth to remain healthy, above industry average
• NII growth seen at ~6% YoY, NIMs likely to remain steady
• Factor in lower treasury income QoQ; Opex growth to be modest
• Credit costs to continue to normalise, asset quality to remain steady
• Key monitorables: (1) Comments on capital adequacy and (2) Outlook on loan book growth and return ratios.

SBI Q3 Results LIVE: State Bank of India (SBI) reported a net profit of ₹18,331.44 crore for the quarter ending September 30, 2024 (Q2FY25), a 27.92% increase compared to ₹14,330.02 crore in the same quarter last year (Q2FY24). The bank’s net interest income (NII) for the quarter also grew by 5.37% to ₹41,620 crore, up from ₹39,500 crore in the previous year.

However, the bank also mentioned in a filing that its domestic net interest margin for the September quarter dropped by 16 basis points to 3.27%, down from 3.43% in the same period last year.

SBI Q3 Results LIVE: Motilal Oswal sees State Bank of India posting a net profit growth of 77% YoY to ₹16240 crore while NII is seeing rising 6% YoY to ₹42280 crore.

Here are the key expectations by MOSL:

• Expect slightly elevated provisions in 3Q
• Expect cost ratios to be slightly higher
• Asset quality expected to remain contained
• Margin expected to stay largely flat

SBI Q3 Results LIVE: Here's a look at what Kotak Institutional Equities expects from the Q3 FY25 earnings:

• Kotak Institutional Equities (KIE) expects SBI to post a 6.2% YoY increase in NII to ₹42,300 crore. Meanwhile, it pegs Q3 PAT at ₹14530 crore, a growth of 58.6% YoY. NIM could dip 1 bps YoY to 2.9%, estimates KIE.
• We expect operating profit growth at ~80% yoy (lower operating expenses growth), stable NIM but build lower treasury income. We are building in 6% yoy NII growth on the back of 13% yoy loan growth. Lower staff cost (base year had several one-offs) is aiding strong operating income growth.
• We expect slippages at ~1.5% of loans (normalization of slippages over time) but no fresh concerns are likely on unsecured loans for the bank. We are likely to see lower recovery and upgrades as well. Key discussion would revolve around NIM, RoE and CAR.

SBI Q3 Results LIVE: Antique Stock Broking expects State Bank of India to post a 6.5% YoY increase in net interest income to ₹42,417 crore. Meanwhile, it sees net profit growing 71% YoY to ₹15,677 crore.

SBI Q3 Results LIVE: Shares of State Bank of India (SBI) dipped 0.25% on the NSE to ₹764.20 apiece ahead of the announcement of Q3 FY25 results. The stock hit a day's high of ₹770.85 apiece and a low of ₹762.05.

SBI Q3 Results LIVE: State Bank of India (SBI), the largest state-run lender in the country, will announce its financial results for the third quarter of FY25 today. The board of directors of SBI will consider and approve the Q3 results today.