SBI Q3 Results: Net Profit Soars 84% to ₹16891 Crore, Strong Credit Growth on Cards

State Bank of India (SBI), the country’s largest public sector lender, delivered impressive financial results in SBI Q3 Results. The bank reported an 84.32% jump in net profit, reaching ₹16,891 crore for the October-December quarter (Q3 FY25), up from ₹9,164 crore in the same period last year. The significant rise in profit was fueled by strong core income.

SBI Quarterly Results Reflect Steady Revenue Growth

According to SBI Q3 Results, the bank's net interest income (NII) grew 4.09% year-on-year (YoY), reaching ₹41,445.5 crore compared to ₹39,816 crore last year. Additionally, operating profit surged 15.81% YoY to ₹23,551 crore, highlighting stable revenue growth.

SBI Q3 Results Show Improved Asset Quality and Credit Growth

The gross NPA ratio improved to 2.07% as of December 31, 2024, down from 2.13% in the previous quarter. Meanwhile, the net NPA ratio remained unchanged at 0.53%. Credit growth stood at 13.49% YoY, with domestic loans expanding 14.06%. The bank’s total gross advances crossed ₹40 lakh crore, reflecting robust lending activity.

Strong Deposits and Business Expansion

As per SBI Q3 Results, total deposits grew 9.81% YoY, with CASA (Current Account Savings Account) deposits rising 4.46%. The CASA ratio stood at 39.20%. Foreign office advances increased 10.35%, while SME and agriculture advances grew 18.71% and 15.31%, respectively. Retail and corporate advances also recorded strong growth.

SBI Quarterly Results Impact on Share Price

Despite the positive numbers, SBI’s stock price saw a slight dip of 1.81%, trading at ₹752.2 per share after the results were announced.

With strong profit growth, improving asset quality, and expanding credit and deposits, SBI Q3 Results reinforce the bank’s solid position in India's banking sector.