State Bank Of India's Share Price Declines After Q4 Profit Dip

State Bank of India Ltd.'s share price fell over 2% as the company reported a decline in net profit for the final quarter of fiscal 2025, despite an increase in net interest income. The net profit of India's largest lender fell by 10% year-over-year to Rs 18,643 crore for the three months ending March 31. However, net interest income, or core income, grew by 2.7% to Rs 42,775 crore.

The net interest margin stood at 3.15% as of March 31. Sequentially, asset quality showed improvement, with the gross non-performing assets ratio decreasing to 1.82% in January-March from 2.07% in October-December. The net NPA ratio also eased to 0.47% from 0.53%.

Provisions increased to Rs 6,442 crore compared to Rs 1,608 crore in the same period last year, with the coverage ratio improving by 19 basis points to 92.08%. The slippage ratio improved by 7 basis points to 0.55%. Additionally, the board has declared a dividend of Rs 15.9 per share.

Shares of SBI fell as much as 2.25% to Rs 782 apiece. They pared losses to trade 0.96% lower at Rs 792 apiece, as of 09:19 a.m. This compares to a 0.41% advance in the NSE Nifty 50.

The stock has fallen 1.92% in the last 12 months. Total traded volume so far in the day stood at 0.23 times its 30-day average. The relative strength index was at 52.

Out of 52 analysts tracking the company, 41 maintain a 'buy' rating, nine recommend a 'hold' and one suggests 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 16.5%.