India · Delayed Price · Currency is INR State Bank of India Earnings Call Transcripts
Fiscal Year 2026
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Record FY 2026 net profit and robust credit growth were achieved alongside strong asset quality and digital adoption. Guidance for FY 2027 includes credit growth of 13%-15%, NIM above 3%, and continued focus on capital efficiency and risk management.
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Record Q3 net profit rose 24.5% YoY to INR 21,028 crore, with strong credit and deposit growth, improved asset quality, and robust digital adoption. Credit growth guidance was raised to 13%-15%, and NIM/ROA targets remain steady.
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Achieved INR 100 trillion in business, with strong credit growth, improved NIM, and robust asset quality. Exceptional gain from Yes Bank stake sale boosted profits, while fee income and CASA market share rose. Guidance for FY26 credit growth raised to 12-14%, with digital and operational initiatives underway.
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Q1 FY 2026 net profit rose 12.5% year-over-year to INR 19,160 crore, with strong growth in home loans and SME segments. Asset quality remained stable, operating expenses fell, and the bank raised significant capital via a record QIP, supporting robust future growth.
Fiscal Year 2025
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FY 2025 saw robust profit and credit growth, strong asset quality, and continued digital adoption. Treasury gains were boosted by regulatory changes, while corporate credit growth was impacted by large PSU prepayments. Capital adequacy remains strong, with a focus on operational efficiency and digital transformation.
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Q3 FY25 saw net profit surge 84% year-on-year to INR 16,891 crores, with robust credit and deposit growth, strong asset quality, and digital expansion. Margin compression was driven by higher funding costs, but guidance for NIM above 3% and credit growth of 14%-16% remains intact.
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Q2 FY 2025 saw a 28% YoY profit increase, robust credit and deposit growth, and improved asset quality, with net NPA at 0.53% and PCR at 75.66%. Guidance for 14%-16% credit growth and 10%-11% deposit growth is maintained, with strong digital and segmental performance.
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Q1 FY25 saw net profit rise to INR 17,035 crore and operating profit up 4.55% year-over-year, with robust credit growth and improved asset quality. Digital initiatives and strong capital ratios support a positive outlook, while the board approved INR 25,000 crore in new capital.