SBI Q2 Results Today: State Bank of India, the country’s largest public sector lender, is set to unveil Q2 FY25 results on November 8, 2024. Market Participants forecast double-digit growth in net profit and net interest income (NII), reflecting strong demand for loans and a rise in deposits.
SBI’s Q2 performance is also expected to show slight pressure on operating margins due to rising provisions.
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SBI Q1 FY25 Results
State Bank of India (SBI), India’s largest bank, reported a nearly flat standalone net profit of ₹17,035 crore for Q1 FY25, compared to ₹16,884 crore in the same quarter last year. Despite a rise in provisions for loan losses, the bank’s total income saw a solid increase, reaching ₹1,22,688 crore from ₹1,08,039 crore in Q1 FY24.
The bank’s net interest income (NII) grew moderately by 5.7%, though net interest margins declined slightly to 3.35%, reflecting some margin compression in its lending portfolio.
The quarter saw improvements in asset quality, with gross non-performing assets (NPAs) dropping to 2.21% from 2.24% in the previous quarter and net NPAs easing to 0.57% from 0.71% year-on-year. SBI also reported a 15.39% growth in loans, driven by strong retail demand, and an 8.18% rise in deposits.
SBI Share Price
SBI’s stock has experienced strong gains, rising nearly 34% yearly and rallying 48% over the past 12 months. This growth underscores investor confidence, driven by consistent performance in profit, asset quality, and lending growth.
As SBI gears up to release its Q2 FY25 results, the market has high expectations for continued net profit and NII growth, reflecting broader economic momentum and increased lending demand.
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About SBI
SBI is India’s largest public sector bank, serving over 50 crore customers with a network spanning 22,500+ branches and a global presence. In FY25, SBI’s board also approved raising to ₹25,000 crore in funds through Basel III-compliant bonds to support its future growth and capital adequacy, signalling robust growth plans in domestic and global markets.
