Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
Pending
verified against source
Revenue YoY
—
reported change
EBITDA
Pending
latest reported figure
Source
screener in partial
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
SBI delivered a strong Q2 FY25 with PAT of INR 18,331 crore (+28% YoY), driven by robust credit growth of 14.93% YoY and stable asset quality (slippage ratio 0.51%, credit cost 0.38%). Domestic advances grew 15.55% YoY, led by corporate (18%), agri (17%), and SME (17%). Deposits crossed INR 50 trillion milestone, though growth lagged at 9.13% YoY. Management reiterated 14-16% credit growth guidance and expects deposit growth to improve to 10-10.5%. Margins are expected to remain stable with MCLR hikes providing cushion. Key risk: potential stress in unsecured lending segments (Xpress Credit growth slowed to 7% YoY) and elevated SMA-1 book, though management sees recovery in H2.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects domestic credit growth to remain in the 14-16% range, supported by strong corporate pipeline and retail segments.
- Efforts to mobilize deposits through data analytics and branch-level focus aim to push deposit growth above 10%.
- Management guides for ROA of at least 1%, with potential upside from non-interest income and cost control.
- Slippage ratio expected below 60 bps and credit cost below 40 bps, with PCR at 75.66% providing buffer.
Risks flagged
- Xpress Credit grew only 7% YoY due to high repayments and process re-engineering; management expects double-digit growth in H2 but uncertainty remains.
- SMA-1 book jumped due to a large account (INR 9,000 crore) which has since regularized, but any recurrence could impact asset quality.
- Deposit growth at 9.13% YoY trails credit growth of 14.93%, potentially constraining future lending if not addressed.
- Other income boosted by trading gains and forex; sustainability depends on yield movements, which are uncertain.
Key quotes
- We are confident that 14%-16% credit growth rate happens.
- Our effort is to contain the cost-to-income ratio below 50%.
- We hope to maintain at least 1% ROA. Anything extra is the bonus.
Research modules