State Bank of India share price was trading flat on Tuesday, November 4, ahead of its announcement of second-quarter results. The banking stock fell by less than 1% to ₹944.05 on the NSE on November 4.
The multibagger PSU stock has been trading in green in the near-term despite weak market sentiments. SBI stock has gained nearly 20 per cent in six months and 14 per cent in one year.
In fact, the PSU banking stock has more than doubled investors’ money by soaring over 331 per cent in five years.
SBI Q2 results 2025 preview
Several brokerages expects that State Bank of India (SBI) will post largely unchanged earnings growth for the September 2025 quarter, given the strong performance in the same period last year.
Axis Securities projects a year-on-year rise of 12 per cent in advances and 9 per cent in deposits for the bank.
However, the brokerage cautioned that margin pressures may impact overall performance, potentially leading to muted growth in net interest income (NII). SBI’s NII is estimated at ₹40,499 crore — a decline of 3 per cent YoY and 1.4 per cent QoQ.
“Margin pressures to be visible, dampening NII growth. Opex growth to be controlled; lower treasury gains would hurt PPOP growth. Credit costs to normalise, Slippages likely to be under control, no challenges visible on asset quality,” the brokerage firm said in a note.
Motilal Oswal Financial Services (MOFSL) analysts also anticipate a largely flat quarter for SBI. They estimate net interest income (NII) at ₹40,580 crore, down 2.5 per cent year-on-year, pre-provision operating profit (PPOP) at ₹26,940 crore, down 8 per cent year-on-year, and net profit at ₹16,730 crore, marking a 9 per cent decline year-on-year.
Loan growth is expected to be around 11.6 per cent year-on-year, while deposits may rise by 9%. Asset quality is likely to remain stable, with the gross non-performing asset (GNPA) ratio unchanged at 1.8% and the net NPA (NNPA) steady at 0.5%.
(This is a developing story)
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