SBI Q4 earnings
SBIN Q4 earnings - Net profit declines 10% to ₹18,643 crore, asset quality improves, provisions rise
SBI's asset quality showed improvement in fourth quarter of financial year 2024-25 as its gross non-performing assets, as a percentage of total advances, came in at 1.82% as against 2.07% in the previous quarter. Its net non-performing assets came in at 0.47% as against 0.53% in the previous quarter.
Operating profit for FY25 crossed ₹1 lakh crore and grew by 17.89% year-on-year (YoY) to ₹1,10,579 crore, while operating profit for Q4 FY25 grew by 8.83% YoY to ₹31,286 crore. Net profit for FY25 stands at ₹70,901 crore, witnessing a growth of 16.08% YoY," SBI said in a press release.
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