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SBI's Q3 results: Net profit surges whopping 84% to ₹16,891cr
06 Feb 2025

State Bank of India (SBI) has posted a stellar 84% year-on-year (YoY) growth in its standalone net profit for the third quarter of FY25.

The public sector lender's net profit jumped to ₹16,891 crore from ₹9,163 crore a year ago.

This strong performance surpassed market expectations which had projected a net profit of ₹16,219 crore for the quarter.

Net interest income and interest earnings see growth
Income hike

SBI's net interest income (NII) for Q3 FY25 also witnessed a remarkable 4.09% YoY growth, amounting to ₹41,620 crore against ₹39,816 crore in the year-ago period.

Meanwhile, the bank's interest income for the quarter was ₹1,17,427 crore.

This marks a whopping 10% growth compared to ₹1,06,734 crore in the same quarter of the last financial year.

Sequential decline in SBI's PAT
Profit dip

Despite the YoY growth, SBI's profit after tax (PAT) saw an 8% sequential decline from ₹18,331 crore reported in Q2 FY25.

The bank also revealed that it paid ₹75,981 crore as interest this quarter. This payment marks a massive increase of over 13% against the ₹66,918.05 crore reported in the July-September quarter.