SBI Q1 Results Are Out; Net profit increases by 0.9% for FY-25, Checkout the full details here:

India's premier public bank, SBI, disclosed a slight 0.9% year-on-year growth in its Q1 net profit, amounting to ₹17,035.2 crore. Meanwhile, its net interest income for the quarter witnessed a 5.7% year-on-year rise, reaching ₹41,125 crore.

SBI Q1 Results Check out key details:

State Bank of India (SBI), the nation's largest public sector bank, announced its financial results for the first quarter of the fiscal year 2024-25 (Q1FY25) on Saturday, August 3. Prior to the announcement, consensus estimates from five brokerages predicted the net profit to remain steady at ₹16,999 crore, while the net interest income (NII) was expected to rise by 9.53% year-on-year to ₹42,614 crore.

In the same quarter of the previous year, SBI reported a net profit of ₹16,884.3 crore and an NII of ₹38,905 crore.

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For the quarter ending March 2024, the bank posted a net profit of ₹20,698.4 crore along with an NII of ₹38,905 crore.

SBI shares ended in the negative territory at the close of the last trading session on Friday, with the stock price settling at ₹847.85, a decline of 1.72% from the previous session's close.

Since the beginning of the year, the stock has yielded returns of approximately 32%, with a more pronounced increase of 47.67% over the past twelve months.