SBI Q1 Profit Rises 12% to ₹19,160 Crore

SBI Q1 net profit rises 12% to ₹19,160 crore, total income increases to ₹1,35,342 crore, and interest earned improves to ₹1,17,996 crore. Gross non-performing assets decline to 1.83% of gross advances, while net NPAs fall to 0.47%. Capital adequacy ratio improves to 14.63%.

Title: SBI Q1 Net Profit Rises 12% to ₹19,160 Crore

State Bank of India (SBI) reported a significant 12% year-on-year (YoY) increase in its standalone net profit for the June quarter, reaching ₹19,160 crore. This growth was driven by a strong performance in interest income and operating efficiency. The total income for the quarter climbed to ₹1,35,342 crore, while interest earned surged to ₹1,17,996 crore [2].

The bank's gross non-performing assets (GNPA) declined to 1.83% of gross advances, indicating improved asset quality. Net NPAs also fell to 0.47%, signaling a positive trend in the bank's loan portfolio [2]. Additionally, the capital adequacy ratio improved to 14.63%, reflecting the bank's robust financial health [2].

Despite the positive earnings report, the net interest margin (NIM) fell by 32 basis points to 2.90% due to an increase in interest expenses. The net interest income (NII) remained stable, increasing by 0.13% to ₹41,072 crore [2].

The bank's loan and deposit growth remained healthy, with gross advances rising by 12% to ₹42.54 lakh crore and total deposits increasing by 12% to ₹54.73 lakh crore. The retail personal loan portfolio and agriculture segment also showed strong growth, rising by 13% and 13% respectively [2].

SBI shares traded over 1% lower after the announcement, reflecting market sentiment. However, the stock recovered from its day's low, trading above 1% lower on the National Stock Exchange (NSE) [2].

Overall, SBI's Q1 results demonstrate a mixed performance with significant growth in net profit and total income, coupled with a decline in NIM. The bank's asset quality and capital adequacy remain strong, positioning it well for future growth.

# References:
[1] https://www.livemint.com/market/stock-market-news/sbi-q1-results-2025-live-updates-sbi-q1-earnings-state-bank-of-india-q1-profit-sbi-share-price-npa-loan-growth-psu-stock-11754629776774.html
[2] https://m.economictimes.com/markets/stocks/earnings/sbi-q1-results-standalone-pat-jumps-12-yoy-to-rs-19160-crore-beats-street-estimates/articleshow/123183756.cms