SBI Q3 results: Net profit plummets 35% to Rs 9,163 crore, asset quality healthy

The bank's gross non-performing asset (NPA) stood at 2.42 percent, down from 3.14 percent recorded in the corresponding quarter last year

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26 Aug, 2025 12:21

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The State Bank of India (SBI), on February 3, reported a net profit of Rs 9,163 crore for the October-December quarter of the financial year 2023-24, marking a 35 percent fall as compared to Rs 14,205 crore clocked in the year-ago period. The net profit missed an average of five brokerage estimates of Rs 13,525 crore.

The lender, in a press release said that they had an one-time exceptional item of Rs 7,100 crore.h

The net interest income (NII) of the country's largest bank stood at Rs 39,815 crore, missing estimates of Rs 40,304 crore. Net interest margin of the lender stood at 3.22 percent.

The bank's gross non-performing asset (NPA) stood at 2.42 percent, down from 3.14 percent recorded in the corresponding quarter last year. On the other hand, net NPA for the quarter stood at 0.64 percent compared to 0.77 percent last year.

Shares of SBI closed at Rs 650.40 a piece on the BSE on February 2.