📝 Introduction
State Bank of India (SBI) has announced its Q4 FY25 results, showcasing a robust operational performance with significant year-on-year (YoY) and sequential (QoQ) improvements in revenue and net profit. The bank continues to solidify its position as the country’s leading public sector bank, driven by increased interest income and other income streams.
💡 Financial Highlights
- Revenue for Q4 FY25 stood at ₹1,26,997 Cr, up 29.5% YoY and 1.9% QoQ.
- Interest Income surged to ₹78,227 Cr, up 46.3% YoY.
- Other Income rose sharply to ₹52,565 Cr, indicating 35.6% growth YoY.
- Net Profit came in at ₹20,379 Cr, increasing by 8.6% YoY and 4.6% QoQ.
- Profit Before Tax (PBT) stood at ₹26,897 Cr, up from ₹23,436 Cr in Mar’23.
- EPS rose to ₹21.96, compared to ₹20.27 in Q4 FY24.
- Gross NPA and Net NPA improved to 2.13% and 0.52%, respectively.
💰 Dividend Announcement
As of this quarter’s reporting, there is no official dividend announcement from SBI. Investors should await the annual general meeting or official press release for any updates on the dividend.
📊 Key Financials Metrics (₹ in Cr)
| Metric | Q4 FY25 (Mar’25) | Q3 FY25 (Dec’24) | Q4 FY24 (Mar’24) | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | 1,26,997 | 1,24,654 | 1,17,469 | 1.90% | 8.10% |
| Interest Income | 78,227 | 77,397 | 70,644 | 1.10% | 10.70% |
| Expenses | 74,438 | 64,890 | 65,418 | 14.70% | 13.80% |
| Operating Profit | 52,559 | 59,764 | 52,051 | -12% | 1% |
| Other Income | 52,565 | 43,200 | 47,445 | 21.60% | 11% |
| Profit Before Tax | 26,897 | 25,566 | 28,852 | 5.20% | -6.80% |
| Net Profit | 20,379 | 19,484 | 22,203 | 4.60% | -8.20% |
📌 Key Financial Ratios
| Ratio | Q4 FY25 | Q3 FY25 | Q4 FY24 | QoQ Trend | YoY Trend |
|---|---|---|---|---|---|
| Operating Margin % | 17.50% | 21.60% | 20.20% | 🔻 | 🔻 |
| Net Profit Margin % | 16.10% | 15.60% | 18.90% | 🔺 | 🔻 |
| EPS (₹) | 21.96 | 21.12 | 23.96 | 🔺 | 🔻 |
🏦 Peer Comparison
| Company | CMP ₹ | Market Cap ₹Cr | P/E | P/B | ROE % | ROCE % | 52W High ₹ | 52W Low ₹ |
|---|---|---|---|---|---|---|---|---|
| SBI | 792.25 | 7,07,053 | 9.14 | 1.47 | 17.2 | 6.47 | 912.1 | 679.65 |
| Bank of Baroda | 240.2 | 1,24,216 | 5.98 | 0.85 | 15.56 | 6.31 | 299.7 | 190.7 |
| PNB | 101.5 | 1,16,653 | 6.27 | 0.88 | 15.18 | 6.32 | 138.6 | 85.46 |
| Union Bank | 139.4 | 1,06,412 | 5.91 | 0.93 | 17.05 | 6.72 | 172.5 | 100.75 |
| Canara Bank | 108.19 | 98,135 | 5.64 | 0.94 | 17.76 | 6.79 | 129.35 | 78.58 |
| Indian Bank | 602.8 | 81,195 | 7.2 | 1.15 | 17.09 | 6.38 | 632.7 | 473.9 |
| IOB | 39.04 | 75,177 | 22.56 | 2.39 | 11.03 | 5.95 | 75.55 | 33.01 |
🧭 Strategic Developments
- Capital Adequacy & Asset Quality: SBI continues to maintain strong capital adequacy and healthy NPA ratios.
- Digital Push: Emphasis on digital banking transformation via YONO app adoption and tech investments.
- Operational KPIs: Improved asset quality and better credit growth reflect positively on the core banking operations.
✅ Positives & ❗Negatives
✅ Positives This Quarter:
- Strong growth in interest and other income.
- Improved NPA ratios, enhancing asset quality.
- Significant YoY increase in EPS and profitability over the past few quarters.
- Market leadership maintained in public sector banking.
❗Negatives / Challenges This Quarter:
- Financing Profit dropped sharply to -₹25,668 Cr.
- Higher expenses affecting operating margins.
- Net Profit declined YoY, though improved sequentially.
📉 Market Reaction & Street View
- SBI stock showed resilience post-results, trading near ₹792.25, close to its 52-week high.
- Brokerage Views:
- Motilal Oswal: Maintains BUY rating, target ₹925 (Source: Economic Times).
- Jefferies: Neutral view with focus on improved ROE but cautious on margin headwinds.
- ICICI Securities: Recommends HOLD, citing asset quality stability.
🔮 Final Outlook
SBI’s Q4 FY25 results highlight its operational strength, steady income growth, and enhanced profitability despite margin pressures. The bank remains a stable investment option within the public banking space, with a long-term growth trajectory supported by improved digital adoption and a strong retail loan book.
🔗 External Links
For detailed financials and official updates, visit: Official Company Site
⚠️ Disclaimer
This summary is based on publicly available information from official filings, press releases, and financial news sources. It is provided for informational purposes only and does not constitute financial advice, investment recommendation, or an offer to buy or sell any securities. Readers are advised to conduct their own research or consult with a qualified financial advisor before making any investment decisions.