SBI Q3 Results: India’s largest public sector bank, State Bank of India (SBI), on Thursday reported an 84.32% year-on-year rise in its standalone net profit for the fiscal’s third quarter ended December (Q3FY25) to ₹16,891.44 crore. The company had reported a profit of ₹9,163.96 crore in the year-ago period. Sequentially, the net profit was down about 8%. SBI shares were trading 1.31% lower at ₹756.10 apiece on the BSE at 14:32 IST.
The interest income for Q3FY25 reached ₹1,17,427 crore, reflecting a 10% increase from ₹1,06,734 crore recorded in the same quarter of the previous financial year.
The bank’s Net Interest Income (NII), which represents the difference between the interest earned on loans and the interest paid on deposits, saw a 4% increase, reaching ₹41,446 crore.
The bank’s exchange filing revealed that operating profit for Q3 FY25 increased by 15.81% year-over-year, reaching ₹23,551 crores.
As per CNBC TV18 news report, SBI Chairman CS Shetty mentioned that their NPA portfolio is well-provided with a provision coverage ratio of 74.6%. The bank’s capital adequacy ratio stands at 13.03%, which is comfortably above the regulatory minimums. They are confident in having adequate capacity to support business growth needs.
Asset Quality
SBI’s asset quality stayed consistent compared to the same period last year. The Gross NPA ratio for the December quarter was 2.07%, down from 2.13% in the September quarter, while the Net NPA remained at 0.53%, matching the 0.53% recorded in the previous quarter.
Capital Adequacy
In its exchange filing, the bank indicated that the Capital Adequacy Ratio (CAR) at the conclusion of Q3FY25 was 13.03%.
SBI share price today
SBI share price opened at ₹769.65 apiece on the BSE, the stock touched an intraday high of ₹770.95, and an intraday low of ₹750 per share.
According to Riyank Arora, Technical Analyst, Mehta Equities Ltd, SBI share price has its major support placed at the 749 level, which, if broken, could further push the stock’s decline towards the 735 and 730 levels. Overall, the technical structure appears to be slightly negative after the results. Immediate resistance is placed near the 770–780 levels, and we expect the stock to eventually move lower towards the 735–730 range over time.
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