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Time of India
03-05-2025
- Business
- Time of India
SBI Q4 net profit dips 10% YoY to Rs 18,642.59 crore, Rs 15.90 per share dividend declared
India's largest public sector lender, State Bank of India (SBI), reported a 10% year-on-year (YoY) drop in net profit for the fourth quarter of FY25. The bank posted a net profit of Rs 18,642.59 crore, compared to Rs 20,698.35 crore in the same period last year. Despite the decline in profit, the bank's Net Interest Income (NII) rose 2.7% YoY to Rs 42,774.55 crore. However, the Net Interest Margin (NIM) for the domestic book dropped by 32 basis points YoY, settling at 3.15%, compared to 3.47% in Q4FY24. On the operational side, SBI reported an operating profit of Rs 31,286 crore in Q4FY25, marking an 8.83% increase over Rs 28,748 crore in the year-ago quarter. Meanwhile, loan loss provisions rose 20.35% YoY, reaching Rs 3,964 crore, up from Rs 3,294 crore in Q4FY24. In terms of asset quality, SBI showed improvement. The gross NPA ratio declined to 1.82%, down 42 basis points YoY, while the net NPA ratio improved by 10 basis points to 0.47%. The provision coverage ratio stood at 74.42%, reflecting a 60 basis point improvement YoY. The bank's slippage ratio for FY25 came in at 0.55%, improving by 7 basis points YoY, while the Q4FY25 slippage ratio was 0.42%, a 1 basis point improvement YoY. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 25 Popular Facts That Are Actually False Debunking Common Misconceptions Undo SBI's credit cost for FY25 stood at 0.38%, and the capital adequacy ratio as of March-end 2025 was reported at 14.25%. The bank has also announced plans to raise equity capital of up to Rs 25,000 crore during FY26. This may be carried out through Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or other approved methods like rights issues or preferential allotments, in one or more tranches. Additionally, SBI has declared a dividend of Rs 15.90 per share along with the quarterly results. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Business Upturn
03-05-2025
- Business
- Business Upturn
SBI Q4 results: Net profit drops 10% YoY to Rs 18,643 crore; NII up 2.6% YoY to Rs 42,775 crore
By Aditya Bhagchandani Published on May 3, 2025, 14:24 IST State Bank of India (SBI) reported a 10% year-on-year (YoY) decline in standalone net profit to Rs 18,642.59 crore for the quarter ended March 31, 2025, compared to Rs 20,698.35 crore in Q4FY24. The drop was primarily due to higher provisioning during the quarter. Net Interest Income (NII) rose slightly by 2.6% YoY to Rs 42,775 crore in Q4FY25, up from Rs 41,655 crore in the same period last year. Operating profit stood at Rs 31,286 crore versus Rs 28,747 crore in the year-ago quarter. However, provisions surged to Rs 6,441 crore, significantly higher than Rs 1,609 crore last year, including Rs 3,964 crore for NPAs. Asset quality improved marginally. Gross NPA ratio declined to 1.82% from 2.24%, while Net NPA fell to 0.47% from 0.57% YoY. Dividend announcement Alongside its Q4 results, the Central Board of the bank declared a dividend of Rs 15.90 per equity share (1590%) for the financial year ended March 31, 2025. The record date for determining eligible shareholders is May 16, 2025, and the dividend payment will be made on May 30, 2025. Fundraising plans SBI has also announced plans to raise equity capital up to Rs 25,000 crore during FY26 via modes such as Qualified Institutional Placement (QIP), Follow-on Public Offer (FPO), or preferential issue. The capital will be raised in one or more tranches, subject to requisite shareholder and regulatory approvals. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
India.com
24-04-2025
- Business
- India.com
BIG move by Zepto ahead of IPO as it…, decision to help Zepto challenge….
Masterstroke by Zepto, launches new service named..., plan is to… Zepto has taken a big step towards its Initial Public Offering (IPO) by officially renaming its parent company. The startup was originally known as Kiranakart Technologies Private Limited and has been rebranded to Zepto Private Limited. According to media reports, it's mainly done to align its corporate identity with its consumer brand. This change is approved by the Registrar of Companies (RoC) in Mumbai, will help the company to improve its brand recognition and streamline its IPO preparations. Why Zepto Changes Parent Company's Name? Renaming a company's legal entity is a critical process which needs shareholder approval, regulatory filings with the RoC, and central government clearance. Prior to Zepto other tech companies like Swiggy rebranded its parent entity from Bundl Technologies to Swiggy Private Limited. Zomato renamed itself as Eternal Limited before the IPO. These rebrandings help the companies to improve brand visibility and engagement with stakeholders prior to IPO. Zepto Brand Identity Zepto was Initially focused on delivering groceries (kirana) quickly to households, but has emerged as a quick commerce brand in recent times with its brand name. Name change will bring ringing legal and brand names under one banner for better recognition during IPO. For customers it will become easy to identify the company with its popular name while the stock is listed on the stock market during the IPO. It also helps to develop relationships with regulators and stakeholders. Zepto's Growth Story Zepto was founded in 2021 and started the 10-minute grocery delivery model in India. Operating on a dark store model, the company fulfills local orders through centrally located warehouses. They also relocated its headquarters from Singapore to India, to assure its commitment to the domestic market and getting ready for a public listing. Zepto IPO Plan An Initial Public Offer (IPO) allows private companies to sell shares to the public, with listings typically on exchanges like the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE). Zepto's IPO can help the company to raise capital to support expansion and growth plans or for debt repayment to improve its financial health and maintain market credibility and win investors' confidence. Zepto can aso effectively compete with major players like Blinkit (acquired by Zomato), Swiggy Instamart and BigBasket's BB Now.
