State Bank of India (SBIN) Q4 24/25 earnings summary

Executive summary

• FY 2025 results reflect continuity, consistency, and profitability, with a focus on sustainable value creation, strong stakeholder engagement, and robust digital adoption, with 8.77 crore YONO users and over 98% of transactions through alternate channels.

• Operating profit surpassed ₹1 lakh crore, up 17.89% year-over-year, driven by efficiency in operating income and controlled expenses.

• Net profit for FY25 reached ₹70,901 crore, a 16.08% increase year-over-year; ROA at 1.10%, ROE at 19.87%.

• Subsidiaries performed well, contributing to overall value creation; SBI Life PAT up 27.4% YoY, SBI Card PAT at ₹1,916 crore, SBI Funds AUM at ₹10.73 lakh crore.

• Audited standalone and consolidated financial results for Q4 and FY2025 were approved, with an unmodified audit opinion and no deviations in fund utilization.

Financial highlights

• Net profit for FY 2025 was ₹70,901 crore (consolidated), up 16.08% YoY; standalone net profit at ₹61,076.62 crore.

• Advances grew 12.03% YoY to over ₹42 lakh crore; deposits rose 9.48% YoY to over ₹53 lakh crore.

• Net interest income for FY25 was ₹1,66,965 crore, up 4.43% YoY; non-interest income grew 19.35% YoY to ₹61,683 crore.

• Cost-to-income ratio improved to 51.64% from 55.66% in FY24.

• Basic and diluted EPS (standalone, FY2025): ₹68.44.

Outlook and guidance

• Expectation to maintain ROA above 1% despite potential NIM pressure from further rate cuts.

• Corporate credit growth guidance moderated to 12-13% due to unanticipated prepayments by large PSUs.

• Focus on leveraging digitalization and AI for operational efficiency and growth; continued expansion of financial inclusion initiatives.

• Board authorized equity capital raise up to ₹25,000 crore in FY2025-26 to support growth and capital adequacy.