India · Delayed Price · Currency is INR State Bank of India Earnings Call Transcripts
Fiscal Year 2026
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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 ₹100 trillion in business with strong credit growth, improved NIM, and robust capital raise via QIP. Core fee income surged, asset quality remained stable, and digital initiatives advanced. Guidance for 12-14% credit growth and NIM above 3% maintained.
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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 strong profit growth, robust asset quality, and digital adoption, with net profit up 16% year-on-year and ROA/ROE above 1%/19%. Corporate credit growth moderated due to PSU prepayments, while treasury gains benefited from SR revaluation. Digital and AI initiatives are driving efficiency.
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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 profit rise 28% year-over-year, credit growth at 14.93%, and deposits surpass INR 51 trillion. Asset quality and capital buffers remain strong, with guidance for 14%-16% credit growth and a focus on digital expansion and operational efficiency.
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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.