Q4FY25 results preview: SBI may report a decline in quarter standalone net profit, per analyst estimates

State Bank of India (SBI) is likely to report a decline in fourth quarter standalone net profit as total income is expected to de-grow even as operating expenses are seen rising.

While margin may come under slight pressure, asset quality is seen holding steady, according to analysts.

India’s largest bank is expected to log an average loan and deposit growth of about 13 per cent and 10-11 per cent, respectively, per analyst estimates.

Most of the broking firms have estimated SBI to record a 2.5 per cent to 4 per cent year-on-year (y-o-y) growth in net interest income to about ₹43,000 crore.

The firms have given a wide range for net profit decline, ranging from 5 per cent to 16 per cent.

Emkay Research, in a report, observed that SBI is expected to see slight margin contraction (to around 3 per cent), healthy treasury gains and better recoveries from the write-off pool.

The firm estimated the Bank’s NII to grow 2.6 per cent y-o-y to ₹42,724 crore. However, net profit is seen declining 5 per cent y-o-y to ₹19,669 crore.

IIFL Capital expects SBI to report relatively stronger growth of 13-15 per cent y-o-y. Deposit growth is seen at about 10 per cent.

The firm noted that SBI should see cash recoveries.

It estimated the Bank’s NII at ₹43,320 crore (4 per cent y-o-y growth), non-interest income at ₹14,640 crore (16 per cent decline) and net profit at ₹17,410 crore (16 per cent decline).

Elara Capital sees SBI recording net interest income of about ₹43,000 crore (3.2 per cent y-o-y growth) and net profit declining 14.7 per cent y-o-y to ₹17,657 crore.

The Bank’s loan and deposit growth are estimated at 13.7 per cent and 11.5 per cent, respectively.

Published on May 2, 2025