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SBI’s Q1 Results: Modest Profit Growth, Plans for ₹25K Crore Bond Issue

SBI Q1 Results reported a modest FY25 net profit growth of 0.89%. Shares dropped 3.2% post-results. Income rose, asset quality improved, and the bank plans to issue bonds up to ₹25,000 crore.
SBI's Q1 Results: Modest Profit Growth, Plans for ₹25K Crore Bond Issue

State Bank of India (SBI) reported a modest increase in its standalone net profit for Q1 FY25, rising just 0.89% to ₹17,035 crore from ₹16,884 crore a year earlier. The minimal growth reflects cautious market conditions.

SBI’s shares fell by 3.2% in early trading on the NSE and BSE following the announcement of its quarterly results on August 5. The slight disappointment in earnings growth influenced the stock’s performance.

The bank’s total income saw a significant rise to ₹1,22,688 crore for the quarter, up from ₹1,08,039 crore the previous year. Interest income also surged to ₹1,11,526 crore from ₹95,975 crore, indicating robust earning capabilities.

Improvements were noted in SBI’s asset quality, with gross non-performing assets (NPA) reducing to 2.21% from 2.76% a year ago. Net NPAs also improved, decreasing to 0.57% in Q1 FY25 from 0.71% in the same period last year.

On a consolidated basis, SBI’s net profit edged higher to ₹19,325 crore from ₹18,537 crore year-over-year. The board also approved fund-raising plans, including issuing bonds up to ₹25,000 crore to boost financial flexibility.

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