State Bank of India (SBIN) — concall transcript

📢 Key Event
SBI reported Q1FY25 results with net profit of ₹17,035 crores and announced a ₹25,000 crore capital raise.

🔄 What Changed
Net profit grew 0.90% YoY to ₹17,035 crores; gross NPA improved to 2.21% and net NPA to 0.57%; cost-to-income ratio at 49.42%; 26.27% savings market share; ₹25,000 crore capital raise approved.

🔮 What's Next
SBI aims to maintain NIM stability with ±10 bps volatility and target 15% credit growth CAGR; deposit growth to outpace industry average through digital initiatives; capital adequacy to remain above regulatory thresholds.

💡 Investor Takeaway
SBI delivered modest profit growth with improving asset quality and strong capital position, but faces deposit cost pressures while targeting 15% credit growth.

SBI reported Q1FY25 net profit of ₹17,035 crores (up 0.90% YoY) with RoA at 1.10% and RoE at 20.98%, driven by 15.55% credit growth and 8.18% deposit growth. Gross NPA improved to 2.21% and net NPA to 0.57%, while cost-to-income ratio stood at 49.42%. Chairman Khara highlighted 26.27% savings account market share, 13.86% CAR, and a ₹25,000 crore capital raise plan. Despite 45 bps deposit cost increase causing only 11 bps NIM decline, the bank maintained NIM stability targets and emphasized digital adoption (8 crore YONO users) and infrastructure funding capacity (₹3 trillion book).

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About State Bank of India (SBIN)

Financial Services · Banks · Listed on BSE

Market Cap: ₹9,42,215.29 Cr P/E: 10.9 ROE: 14.8% ROCE: 31.8% Div Yield: 1.70%

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🔥 Also filed on 30 June 2024

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State Bank of India (SBIN) — concall transcript | 30 June 2024

About State Bank of India (SBIN)

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🔥 Also filed on 30 June 2024