SBI Q3 Results: State Bank of India’s single net profit rises 84%, company releases December quarter results
New Delhi| Public sector lender State Bank of India (SBI) on Thursday released its December quarter results. The company’s standalone net profit rose 84% year-on-year to Rs 16,891 crore in Q3 FY2025-26. The figure was Rs 9,163 crore in the same quarter a year ago. The company’s net profit is higher than the market estimate of Rs 16,219 crore.
State Bank’s interest income stood at Rs 1,17,427 crore in Q3 FY2025, up 10% from Rs 1,06,734 crore recorded in the same quarter of the previous fiscal year. The December quarter saw an 8% drop in profit after tax (PAT) on a monthly basis, compared to Rs 18,331 crore in Q2 FY25.
State Bank of India’s earnings were announced at market close and at 2:20 pm SBI shares on BSE were seen trading at Rs 761.85, down 0.55%. The bank paid Rs 75,981 crore as interest as per SBI’s financial results, up 13% compared to Rs 66,918.05 crore recorded in the July-September quarter.
On the asset quality front the bank saw an improvement with gross non-performing assets (NPAs) falling to 2.07 per cent at the end of December, down from 2.42 per cent at the end of the third quarter of the previous year. Similarly, net non-performing assets (NPAs) also declined to 0.53 per cent, from 0.64 per cent in the same period a year ago.
On a consolidated basis, SBI Group’s net profit increased by 70 per cent to Rs 18,853 crore from Rs 11,064 crore in FY24. The consolidated total income increased to Rs 1,67,854 crore from Rs 1,53,072 crore in the third quarter of the previous financial year.
