SBI Q4 net profit falls 10%; dividend declared, asset quality improves

The nation’s largest lender, State Bank of India Ltd (SBI), grew its net profit to 18,643 crore for the quarter ended March 31, 2025, reported on May 3.

The State Bank of India (SBI), the country’s largest lender, reported a 10% decline in standalone net profit for the fourth quarter of FY24, posting Rs 18,643 crore compared to Rs 20,698 crore in the same period last year. The bank’s board also declared a dividend of Rs 15.90 per equity share for FY25.

Income Rises Despite Profit Dip

Despite the profit drop, total income increased to Rs 1,43,876 crore, up from Rs 1,28,412 crore year-on-year. Interest income also rose to Rs 1,19,666 crore, compared to Rs 1,11,043 crore in the corresponding quarter last year.

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Asset Quality Sees Improvement

SBI reported notable gains in asset quality:

• Gross NPAs fell to 1.82% of total advances from 2.24% as of March 2024.
• Net NPAs declined to 0.47%, down from 0.57%.

These improvements signal stronger loan performance and risk management.

Consolidated Profit Also Drops

On a consolidated basis, SBI’s Q4 profit fell 8% to Rs 19,600 crore, down from Rs 21,384 crore a year earlier. However, total income on this basis rose to Rs 1,79,562 crore from Rs 1,64,914 crore.

FY25 Sees Strong Annual Growth

For the full financial year 2024-25, SBI reported a 16% increase in standalone net profit, reaching Rs 70,901 crore compared to Rs 61,077 crore in FY24.

Equity Capital Plan Approved

SBI’s board has approved raising up to Rs 25,000 crore in equity capital through QIP, FPO, or other methods during FY26. This move is aimed at supporting the bank’s future growth and capital adequacy.

Chairman Comments on Economic Outlook

SBI Chairman CS Setty remarked on global economic uncertainties, stating, “Though the Indian economy is less impacted by tariffs, the uncertainty over tariffs will impact the economy and investment scenario.”