State Bank of India (SBI) on Friday reported a 12% year-on-year increase in standalone net profit at Rs 19,160 crore for the quarter ended June 2025, beating Street estimates of Rs 17,095 crore. In the same period last year, the bank had posted a profit of Rs 17,035 crore.The profit jump was supported by operational efficiencies and controlled expenses, SBI said in a regulatory filing. The lender’s interest income rose 6% year-on-year to Rs 1,17,996 crore, while interest expenses climbed 9% to Rs 76,923 crore, according to an ET report.However, net interest income (NII) was marginally lower at Rs 41,072 crore, compared to Rs 41,125 crore in the previous year. Net interest margin (NIM) narrowed to 2.90% from 3.22% in Q1FY25, declining 32 basis points.Operating profit stood at Rs 30,544 crore, up 15% from Rs 26,449 crore in the year-ago quarter.Gross advances increased 12% year-on-year to Rs 42.54 lakh crore. The retail personal loan book rose 13% to Rs 15.39 lakh crore, while agriculture loans also saw 13% growth, reaching Rs 3.5 lakh crore. SME and corporate loans grew 19% and 5.7%, respectively.Total deposits rose 12% to Rs 54.73 lakh crore from Rs 49.01 lakh crore in the same quarter last year.SBI’s gross non-performing asset (GNPA) ratio dropped to 1.83% from 2.21% a year ago, while net NPA fell to 0.47% from 0.57%. The Provisioning Coverage Ratio (PCR) stood at 74.49%, excluding additional provisions of Rs 30,345 crore made during the quarter.The slippage ratio improved by 9 basis points to 0.75%, and credit cost remained stable at 0.47%, compared with 0.48% in Q1FY25.