Last Updated:
SBI Q3 Results FY25: Its gross NPA improves to 2.07 per cent of the total advances, lower against 2.13 per cent a quarter ago.
SBI Q3 Results 2025: State Bank of India has declared its Q3 FY25 earnings.
State Bank of India Q3 Results: State Bank of India, the country’s largest state-owned lender, on Thursday reported a 84.3 per cent jump in its net profit to Rs 16,891.44 crore for the third quarter of the current financial year 2024-25. Following the results, shares of SBI saw a sharp recovery from the day’s low of Rs 751.35 to Rs 766 apiece on the BSE as of 2:23 pm before losing gains to close at Rs 752.25 apiece.
Its net interest income, the difference between the income earned and the interest expended, during the Q3 FY25 rose to Rs 41,446 crore, compared with Rs 39,816 crore a year ago.
SBI’s net profit had stood at Rs 9,163.96 crore in the corresponding quarter last year, according to a regulatory filing.
Its gross NPA improves to 2.07 per cent of the total advances, lower against 2.13 per cent a quarter ago. However, SBI’s net NPA remained flat at 0.53 per cent QoQ.
The lender saw a loan growth of 14 per cent YoY, while deposits grew 10 per cent YoY during Q3.
State Bank of India’s provisioning fell from Rs 911 crore to Rs 4,506 crore on a quarterly basis.
Its domestic net interest margin stood at 3.15 per cent, which is marginally higher than 3.14 per cent in the previous quarter.