SBI Q4 Results: Net profit drops 10% to ₹18,642.5 crore; 1,590% dividend, fundraising declared
SBI Q4 Results: State Bank of India (SBI) announced its January March quarter results for fiscal 2024-25 (Q4FY25) on Saturday, May 3, reporting a drop of 10 per cent in standalone net profit to ₹18,642.59 crore, compared to ₹20,698.35 crore in the corresponding period last year. The public sector bank (PSB)’s net interest income (NII) stood at ₹42,774 crore.
India’s largest state-run lender’s operating profit for FY25 crossed ₹1 lakh crore and grew by 17.89 per cent year-on-year (YoY) to ₹1,10,579 crore while operating profit for Q4FY25 grew by 8.83 per cent YoY to ₹31,286 crore. The PSB declared a dividend of ₹15.90 per share (1,590 per cent) for FY25. The record date of the dividend is fixed on May 16 and the payment date is May 30, 2025.
“The Central Board of the Bank, has declared a Dividend of ₹15.90 per equity share (1,590 per cent) for the financial year ended 31.03.2025. The record date for determining the eligibility of members entitled to receive dividend on equity shares is Friday, 16.05.2025 and dividend payment date is fixed as 30.05.2025,” said SBI in a regulatory filing to the stock exchanges.
SBI also declared fundraising of upto ₹25,000 crore in FY26 via qualified institution placement (QIP) or follow on public offer (FPO).
“…Raising of equity capital for an amount aggregating upto ₹25,000 crore (including share premium) in one or more tranches during FY 2025-26 through Qualified Institutions Placement (QIP)/ Follow- on Public Offer (FPO) or any other permitted mode or a combination thereof in such manner and on such terms and conditions as may be deemed appropriate, in accordance with the applicable Acts/ Regulations/ Guidelines and subject to receipt of all requisite approvals,” said SBI in its exchange filing.
The board of the state-run bank has said ealier that it will discuss the proposal for fresh capital either through a follow-on public share sale, rights issue or qualified institutional placement on May 3.
The fund raise plan by SBI comes at a time when Bank Nifty is near its record high, driven by bullishness among investors due to the sector’s relative insulation from tariff-related turmoil.
Total income increased to ₹1,43,876 crore in March quarter from ₹1,28,412 crore in the same period a year ago, SBI said in a regulatory filing.
During the quarter, the bank earned an interest income of ₹1,19,666 crore as against ₹1,11,043 crore a year ago.
The bank saw an improvement in asset quality, with gross non-performing assets (NPAs) declining to 1.82 per cent of the total advances in the fourth quarter from 2.24 per cent as at March-end 2024. Similarly, net NPAs eased to 0.47 per cent as against 0.57 per cent.
On a consolidated basis, SBI’s net profit in the quarter fell 8 per cent to ₹19,600 crore as against ₹21,384 crore in the same period a year ago. Total income, however, increased to ₹1,79,562 crore from ₹1,64,914 crore.
The bank’s net profit for FY25 stood at ₹70,901 crore, witnessing a growth of 16.08 per cent YoY. The gross non performing asset (NPA) ratio stood at 1.82 per cent and improved by 42 bps YoY. The net NPA ratio was at 0.47 per cent improved by 10 bps YoY.
