State Bank of In's Q2 FY 2026-27 Quarterly Results

Result Summary

• State Bank of India reported a 4.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 6.7%.
• Its expenses for the quarter were up by 10.4% QoQ and 8.6% YoY.
• The net profit increased 4.4% QoQ and increased 19.9% YoY.
• The earnings per share (EPS) of State Bank of India stood at 27.47 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

State Bank of India (SBI) is a leading public sector banking and financial services company headquartered in Mumbai, India. As one of the largest banks in India, it offers a comprehensive range of banking products and financial services to retail and corporate clients. These services include loans, deposits, wealth management, and insurance. SBI has a significant presence both domestically and internationally, with a widespread network of branches and ATMs. The bank is known for its significant role in the Indian banking sector, providing a wide array of services, including personal finance, agricultural banking, and international banking. Recent major developments or specific strategic initiatives for SBI are not available in the provided data.

Revenue

In the second quarter of the fiscal year 2027 (Q2FY27), State Bank of India reported a total income of ₹187,756.19 crores. This reflects a quarter-over-quarter (QoQ) increase of 4.3% compared to the first quarter of fiscal year 2027 (Q1FY27), where the total income was ₹180,061.86 crores. Additionally, there was a year-over-year (YoY) growth of 6.7% from the second quarter of the fiscal year 2026 (Q2FY26), which recorded a total income of ₹175,897.79 crores. This data indicates that SBI has experienced growth in its revenue streams over both the quarterly and yearly periods analyzed.

Profitability

For the second quarter of fiscal year 2027, State Bank of India reported a Profit Before Tax (PBT) of ₹33,555.41 crores, which marks a 2.0% increase QoQ and a substantial 17.1% increase YoY. The Profit After Tax (PAT) for Q2FY27 was ₹26,217.59 crores, representing a QoQ growth of 4.4% and a YoY growth of 19.9%. The tax expense for this quarter was ₹7,813.94 crores, which shows a decrease of 5.9% QoQ but an increase of 9.3% YoY. Earnings Per Share (EPS) for Q2FY27 stood at ₹27.47, reflecting a 5.2% rise QoQ and a 20.4% increase YoY. These figures highlight the profitability dynamics of SBI for the period under review.

Operating Metrics

The total expenses for State Bank of India in Q2FY27 amounted to ₹156,164.35 crores, which is an increase of 10.4% compared to Q1FY27 and an 8.6% rise compared to Q2FY26. The provisions and contingencies were reported at ₹4,915.69 crores for Q2FY27, marking a reduction of 14.5% QoQ and 24.2% YoY. These operating metrics provide insight into the bank’s expense management and provisioning strategies over the analyzed periods.