SBI Q3 results: Net profit surges 84% to ₹16,891 crore-OxBig News Network

SBI’s interest income in Q3 grew to ₹1,17,427 crore compared to ₹1,06,734 crore a year ago. Image for representation.
| Photo Credit: Reuters

The country’s largest lender SBI on Thursday (February 6, 2025) reported an 84% jump in standalone net profit to ₹16,891 crore in the December quarter.

State Bank of India (SBI) had earned a standalone net profit of ₹9,164 crore in the year-ago period.

The bank’s total income rose to ₹1,28,467 crore in the third quarter of the current fiscal against ₹1,18,193 crore in the same period a year ago, SBI said in a regulatory filing.

During the quarter, the bank’s interest income grew to ₹1,17,427 crore compared to ₹1,06,734 crore a year ago.

On the asset quality front, the bank witnessed improvement with gross Non-Performing Assets (NPA) moderating to 2.07% at December-end from 2.42% at the end of the third quarter of the last year.

Similarly, net Non-Performing Assets (NPAs) also eased to 0.53% against 0.64% at the end of the same period a year ago.

On a consolidated basis, SBI Group’s net profit rose by 70% to ₹18,853 crore over ₹11,064 crore in FY24.

Consolidated total income increased to ₹1,67,854 crore over ₹1,53,072 crore in the third quarter of the preceding fiscal.