SBI has released financial results for the December 2024 Quarter (Q3FY25). SBI reported a net profit of Rs.16,891 crore for Q3FY25. All details are given below.
Profitability
- Net Profit for Q3FY25 stands at ₹16,891 crores, registering a growth of 84.32% YoY.
- Operating Profit for Q3FY25 grew by 15.81% YoY to ₹23,551 crores.
- Bank’s ROA and ROE for 9MFY25 stand at 1.09% and 21.46%, respectively.
- ROA at 1.04% for the quarter increased by 42 bps YoY.
- Net Interest Income (NII) for Q3FY25 increased by 4.09% YoY.
- 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.
Balance Sheet
- 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, followed by Agri Advances which grew by 15.31% YoY.
- Corporate Advances and Retail Personal Advances registered YoY growth of 14.86% and 11.65%, respectively.
- Whole Bank Deposits grew at 9.81% YoY, with CASA Deposit growing by 4.46% YoY.
- CASA ratio stands at 39.20% as of 31st December 2024.
Asset Quality
- Gross NPA ratio at 2.07% improved by 35 bps YoY.
- Net NPA ratio at 0.53% improved by 11 bps YoY.
- 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%.
Capital Adequacy
- Capital Adequacy Ratio (CAR) as of the end of Q3FY25 stands at 13.03%.
Alternate Channels
- 64% of SB accounts acquired digitally through YONO.
- Share of Alternate Channels in total transactions increased from ~97.7% in 9MFY24 to ~98.1% in 9MFY25.
