State Bank of India's Q3FY25 Quarter Results
- 4d ago
Result Summary
- State Bank of India reported a 2.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 9.7%.
- Its expenses for the quarter were up by 7.3% QoQ and 8.5% YoY.
- The net profit decreased 5.3% QoQ and increased 68.0% YoY.
- The earnings per share (EPS) of State Bank of India stood at 21.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 167853.57 | 163802.38 | 153071.64 | 2.5% | 9.7% |
Total Expenses | 140288.98 | 130742.23 | 129281.56 | 7.3% | 8.5% |
Provisions & contingencies | 1998.19 | 5585.84 | 1445.25 | -64.2% | 38.3% |
Profit Before Tax | 25566.40 | 27474.31 | 15244.83 | -6.9% | 67.7% |
Tax | 6391.05 | 7254.69 | 3962.17 | -11.9% | 61.3% |
Profit After Tax | 19483.78 | 20565.03 | 11598.46 | -5.3% | 68.0% |
Earnings Per Share | 21.10 | 22.20 | 12.40 | -5.0% | 70.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
State Bank of India (SBI) is one of the largest banking and financial services institutions in India. It provides a wide range of products and services, including retail banking, corporate banking, investment banking, and asset management. SBI operates primarily in the banking and financial services industry, offering services to a diverse customer base, including individuals, small businesses, corporations, and government entities. As of October 2023, there are no specific details available regarding recent major developments for the company.
Revenue
During the third quarter of fiscal year 2025 (Q3FY25), State Bank of India reported a total income of ₹167,853.57 crores. This represents a quarter-over-quarter (QoQ) increase of 2.5% from ₹163,802.38 crores in Q2FY25, and a year-over-year (YoY) growth of 9.7% from ₹153,071.64 crores in Q3FY24. The consistent growth in total income over the past year indicates a positive trend in revenue generation for the bank. The data reflects a robust increase in the bank's income streams, contributing to its overall financial performance.
Profitability
For Q3FY25, State Bank of India recorded a profit before tax of ₹25,566.40 crores, which is a decrease of 6.9% from the previous quarter's ₹27,474.31 crores but represents a significant YoY increase of 67.7% from ₹15,244.83 crores in Q3FY24. The tax expense for the latest quarter was ₹6,391.05 crores, down by 11.9% QoQ but up by 61.3% YoY. The profit after tax for Q3FY25 was ₹19,483.78 crores, reflecting a 5.3% decrease QoQ from ₹20,565.03 crores and a 68.0% increase YoY from ₹11,598.46 crores. These figures suggest substantial profitability improvements over the past year despite a slight decline compared to the previous quarter.
Operating Metrics
Total expenses for Q3FY25 were reported at ₹140,288.98 crores, showing a 7.3% increase from ₹130,742.23 crores in Q2FY25 and an 8.5% increase from ₹129,281.56 crores in Q3FY24. Provisions and contingencies saw a sharp QoQ decline of 64.2% to ₹1,998.19 crores from ₹5,585.84 crores in Q2FY25, but experienced a YoY increase of 38.3% from ₹1,445.25 crores in Q3FY24. Earnings per share for this quarter stood at ₹21.10, marking a 5.0% decrease from ₹22.20 in Q2FY25 yet a notable 70.2% increase from ₹12.40 in Q3FY24. These metrics highlight shifts in operational expenditures and earnings efficiency over the periods analyzed.
