STANDARD CHARTERED PLC 2024-25 Annual Report Analysis

Wed, 4 Mar

STANDARD CHARTERED PLC has announced its results for the year ended March 2025. Let us have a look at the detailed performance review of the bank during the year 2024-25.

STANDARD CHARTERED PLC Income Statement Analysis

• Interest income during the year rose 0.9% on a year-on-year (YoY) basis.
• Interest expenses were down by 0.9% YoY during the same period.
• Operating expenses increased by 5.0% YoY during the year.
• The bank's net interest income (NII) increased by 2.2% YoY during the fiscal. Consequently, net interest margins (NIM) witnessed a growth and stood at 4.8% in FY25 as against 4.7% in FY24.
• Other income declined by 38.1% YoY during the year.
• Net profit for the year declined by 49.8% YoY.
• Net profit margins during the year declined from 11.1% in FY25 to 22.2% in FY24.

STANDARD CHARTERED PLC Income Statement – 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Interest Income	Rs m	167,867	169,301	0.9%
Other Income	Rs m	48,617	30,075	-38.1%
Interest Expense	Rs m	74,968	74,313	-0.9%
Net Interest Income	Rs m	92,899	94,988	2.2%
Operating Expense	Rs m	84,214	88,466	5.0%
Pre-provision Operating Profit	Rs m	57,301	36,597	-36.1%
Provisions & Contingencies	Rs m	20,003	17,870	-10.7%
Profit before tax	Rs m	59,049	36,472	-38.2%
Tax	Rs m	21,751	17,745	-18.4%
Profit after tax	Rs m	37,298	18,727	-49.8%
Minority Interest	Rs m	0	0	0.0%
Net Interest Margin	%	4.7	4.8
Net profit margin	%	22.2	11.1

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STANDARD CHARTERED PLC Balance Sheet Analysis

• The bank’s deposits during FY25 stood at Rs 1,459.0 bn as compared to Rs 1,440.9 bn in FY24, thereby witnessing an an increase of 1.3%.
• Advances for the year stood at Rs 849.6 bn as compared to Rs 870.8 bn during FY24, a fall of 2.4%.
• Cost of deposits for STANDARD CHARTERED PLC rose 3.7% and stood at 3.9, while yield on advances fell to 10.1.
• The lender’s investments rose to Rs 1,109.3 bn during the year from Rs 1,100.5 bn in FY24.
• Borrowing stood at Rs 226.6 bn, a growth of 7.0% as compared to previous year.
• Overall, the total assets and liabilities for FY25 stood at Rs 2,589.1 bn as against Rs 2,371.3 bn during FY24, thereby witnessing a rise of 9.2%.

STANDARD CHARTERED PLC Balance Sheet – as on 2024-25

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*	% Change
Networth	Rs m	385,944	410,142	6.3%
Advances	Rs m	870,763	849,583	-2.4%
Deposits	Rs m	1,440,905	1,458,962	1.3%
Yield on advances	%	10.1	10.1
Cost of Deposits	%	3.7	3.9
Investments	Rs m	1,100,508	1,109,344	0.8%
Borrowings	Rs m	211,834	226,608	7.0%
Total Assets	Rs m	2,371,301	2,589,085	9.2%

Current Valuations for STANDARD CHARTERED PLC

• The trailing twelve-month earnings per share (EPS) of the bank stands at Rs 2.5, an improvement from the EPS of Rs 5.0 recorded last year.
• The price to earnings (P/E) ratio, at the current price of Rs {{shareprice}}, stands at 0.0 times its trailing twelve months earnings.
• The price to book value (P/BV) ratio at current price levels stands at 0.0 times, while the price to income ratio stands at 0.0 times.
• The bank’s price to cash flow (P/CF) ratio stood at 0.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Income per share (Unadj.)	Rs	0.0	0.0
Earnings per share (Unadj.)	Rs	5.0	2.5
Diluted earnings per share	Rs	155.4	78.0
Avg P/CF ratio	Rs	0.0	0.0
Avg P/E ratio	Rs	0.0	0.0
Avg P/BV ratio	Rs	0.0	0.0
Avg Market Cap	Rs	0	0
Dividends per share (Unadj.)	Rs	0.00	0.00

Ratio Analysis for STANDARD CHARTERED PLC

• Efficiency Ratios

  Credit/Deposit Ratio: The bank’s credit/deposit ratio deteriorated and stood at 58.2x during FY25, from 60.4x during FY24. The credit/deposit ratio tells us how much money a bank has raised in the form of deposits and has deployed as loans.

  Debt to Equity Ratio: The bank’s debt to equity ratio decreased and stood at 4.1x during FY25, from 4.3x during FY24. The debt to equity ratio of a bank tells us how much debt a bank uses relative to its equity.

• Liquidity Ratios

  Capital Adequacy Ratio (CAR): STANDARD CHARTERED PLC’s capital adequacy ratio (CAR) was at 15.2 as on 31 March 2025 as compared to 16.2 a year ago. This ratio helps measure the financial strength of the bank or any finance company to meet their obligations using their assets and capital.

  A bank that has a good CAR has enough capital to absorb potential losses. Thus, it has less risk of becoming insolvent and losing depositor’s money.

  Provision Coverage Ratio (PCR): The bank’s provision coverage ratio stood at 0.0 as on 31 March 2025 as compared to 0.0 in the year ago period. Provisioning coverage ratio (PCR) is the percentage of funds that a bank sets aside for covering losses due to bad debts.

  So a high PCR ratio means asset quality issues are under control and the bank is not vulnerable.

  Liquidity Coverage Ratio (LCR): The LCR is designed to ensure that banks hold a sufficient reserve of high-quality liquid assets to allow them to survive a period of significant liquidity stress lasting 30 calendar days.

  STANDARD CHARTERED PLC’s LCR stood at {{lcrperc}} as of 31 March 2025 as compared to {{lcrpercprev}} a year ago.

• Profitability Ratios

  Return on Equity (ROE): The return on equity (ROE) ratio for the bank deteriorated and stood at 4.6 during FY25, from 9.7 during FY24. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

  Return on Assets (ROA): The return on asset (ROA) ratio of the bank deteriorated and stood at 0.7 during FY25, from 1.6 during FY24. The ROA measures how efficiently the company uses its assets to generate earnings.

  Return on Capital Employed (ROCE): The ROCE for the bank deteriorated and stood at 8.8 during FY25, from 13.3 during FY24. The ROCE measures the ability of a bank to generate profits from its total capital (shareholder capital plus debt capital) employed in the bank.

• NPA Ratios

  Gross NPA Ratio: The gross NPA ratio is the ratio of a bank’s gross NPAs to gross advances. STANDARD CHARTERED PLC’s gross NPA ratio stood at 2.3 as of 31 March 2025 compared to 3.0 in the same period a year ago.

  A high gross NPA ratio is a bad thing as it indicates how much of a bank’s loans are in danger of not being repaid.

  Net NPA Ratio: In simple language, net NPAs are simply the total non-performing assets minus the provision left aside. It gives you the exact value of NPAs after the bank has made provisions.

  The net NPA ratio of STANDARD CHARTERED PLC was 0.3 in financial year 2025. This compared with 0.4 a year ago.

Key Ratio Analysis

No. of Mths Year Ending		12 Mar-24*	12 Mar-25*
Credit/Deposit Ratio	x	60.4	58.2
Debt to Equity Ratio	x	4.3	4.1
Loans / Deposits	x	0.1	0.2
Capital Adequacy Ratio	%	16.2	15.2
Provision Coverage Ratio	%	0.0	0.0
Liquidity Coverage Ratio	%	{{lcrpercprev}}	{{lcrperc}}
Return on Equity	%	9.7	4.6
Return on Assets	%	1.6	0.7
Return on Capital Employed	%	13.3	8.8
% of Gross NPAs	%	3.0	2.3
% of Net NPAs	%	0.4	0.3
Yield on Advances	x	10.1	10.1
Yield on Investments	x	7.2	7.0

To see how STANDARD CHARTERED PLC has performed over the last 5 years, please visit here.