State Bank Of India: FY25 Q2 Results

Investors and market players are eagerly awaiting the earnings reports of several top organizations, even though significant corporations from various industries have already disclosed their Q2 results for FY25. One such Nifty 50 company is State Bank of India.

SBI Q2 Results (FY24-25)

SBI FY25 Q2 Results

For the second quarter that ended in September 2024, State Bank of India (SBI) announced a 28% increase in net profit to ₹18,331 crore on November 8, 2024. In the July-September 2024 quarter, its net interest income (NII), which is the difference between interest received and interest spent, increased by 5.37 percent to ₹41,620 crore.

According to a press statement, the bank’s interest income climbed 12.32 percent year over year to ₹1.14 lakh crore in the July–September quarter. In contrast, the company’s net interest income increased 5.37 percent year over year to ₹41,620 crore in Q2FY25 from ₹39,500 crore in the same time last year.

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The bank’s net interest margins (NIM) decreased by 8 basis points (Bps) on a quarterly basis and 15 Bps on an annual basis. The investor presentation stated that NIM was 3.14 percent for the reporting quarter, compared to 3.22 percent for the previous quarter and 3.29 percent for the previous year.

In the July-September quarter, SBI’s domestic NIMs decreased to 3.27 percent from 3.35 percent in the April-June quarter and 3.43 percent in the July-September quarter. 

SBI share price

SBI share price on Monday has changed slightly in the early hours and has moved 1.44% in the last 5 days.

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The BSE saw this increase in shares of State Bank of India (SBI), the country’s biggest public sector lender, reaching its day’s high of ₹851.75 after the bank reported a profit of ₹18,331 crore, up 28% year over year (YoY), significantly exceeding earnings projections.