SBI Net Profit stands at Rs 17,035 cr in Q1 FY25

Highlights Profitability

• Net Profit for Q1FY25 stands at Rs 17,035 crores witnessing a growth of 0.89% YoY.

• Operating Profit for Q1FY25 grew by 4.55% YoY to Rs 26,449 crores.

• Bank’s ROA and ROE for Q1FY25 stand at 1.10% and 20.98% respectively.

• Net Interest Income (NII) for Q1FY25 increased by 5.71% YoY.

• Whole Bank NIM for Q1FY25 is at 3.22% and Domestic NIM is at 3.35%.

 

Balance Sheet

• Credit growth is at 15.39% YoY with Domestic Advances growing by 15.55% YoY.

• Foreign Offices’ Advances grew by 14.41% YoY.

• Domestic Advances growth is driven by SME Advances (19.87% YoY) followed by Agri Advances which grew by 17.06% YoY.

• Retail Personal Advances and Corporate loans registered YoY growth of 13.60% and 15.92% respectively.

• Whole Bank Deposits grew at 8.18% YoY, out of which CASA Deposit grew by 2.59% YoY. CASA ratio stands at 40.70% as on 30thJune 24.

 

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Asset Quality

• Gross NPA ratio at 2.21% improved by 55 bps YoY.

• Net NPA ratio at 0.57% improved by 14 bps YoY.

• PCR (with AUCA) stands at 91.76% with Provision Coverage Ratio (PCR) being at 74.41%.

• Slippage Ratio for Q1FY25 improved by 10 bps YoY and stands at 0.84%.

• Credit Cost for Q1FY25 stands at 0.48%.

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Capital Adequacy

• Capital Adequacy Ratio (CAR) as at the end of Q1FY25 stands at 13.86%.

 

Alternate Channels

• Share of Alternate Channels in total transactions increased from ~97.5% in Q1FY24 to ~98.2% in Q1FY25.

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