SBI Q1 FY 2026-27 Results: Net Profit Rises 10% To Rs 21,121 Crore; NIM Improves
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SBI reported a 10% rise in June quarter net profit to Rs 21,121 crore, with net interest margin improving sequentially and asset quality showing gains despite higher provisions.
SBI Q1 FY 2026-27 Results: State Bank of India, the country's largest lender, reported its financial results for the quarter ended June 30, 2026, on Friday, August 7.
Standalone net profit for the June quarter came in at Rs 21,121.22 crore, up 10.23% from Rs 19,160.44 crore in the same period last year. Interest income stood at Rs 46,992 crore, compared with Rs 40,907 crore a year earlier, an increase of 14.88%.
Domestic net interest margin came in at 3%, up 7 basis points sequentially, while the whole-bank NIM stood at 2.86%, 5 basis points higher than the March quarter.
Asset quality improved during the quarter. The gross NPA ratio fell to 1.47% from 1.49% in the previous quarter, while net NPA declined to 0.38% from 0.39% in March. Provisions rose to Rs 5,047 crore from Rs 2,872 crore in the preceding quarter and Rs 4,759 crore a year earlier.
Credit cost, however, remained at 0.27% sequentially, compared with 0.47% in the year-ago quarter. The bank's provision coverage ratio stood at 74.20% excluding advances under collection accounts and 91.82% including them.
SBI's total business crossed Rs 110 lakh crore during the quarter. Deposits grew 9.73% year-on-year to Rs 60.06 lakh crore, while advances crossed Rs 50 lakh crore. CASA deposits increased 9.3% to Rs 22.61 lakh crore, with the CASA ratio at 39.24% as of June 30.
Domestic advances grew 18.15% year-on-year. Retail personal loans increased 15.15%, while corporate advances rose 18.05%. SME and agriculture loans grew 22.33% and 25.43%, respectively. Foreign office advances increased 21.38% in rupee terms and 9.97% in dollar terms.
Return on assets stood at 1.11%, while return on equity came in at 17.87%. The capital-to-risk weighted assets ratio rose to 15.67% from 14.63% a year earlier. The Common Equity Tier-1 ratio increased to 12.89% from 11.10%, while the Tier-1 capital ratio rose to 13.90% from 12.45%.
More than 64% of new savings accounts opened during the quarter were through SBI's YONO platform. Alternate digital channels accounted for around 98.8% of transactions, up from 98.6% in the corresponding quarter last year.
SBI Share Price
SBI shares jumped as much as 3.6% after the results, touching an intraday high of Rs 1,124.50 against the previous session's close of Rs 1,085. The stock is up more than 8% over the past week, 7% over the past month and 13% so far this year.
The stock hit a 52-week high of Rs 1,234.70 on February 24, 2026, while its 52-week low of Rs 790 was recorded on August 8, 2025. SBI's market capitalisation stands at Rs 10.33 lakh crore.
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Rochelle Britto is a business journalist with 8+ years of experience in financial journalism. She covers equity markets, corporate earnings, IPOs, commodities and the economy.
As a reporter with leading business publications, she has tracked financial markets and covered sectors including banking and financial services, retail, consumer goods, advertising and e-commerce.
Outside work, she enjoys travelling, discovering local cultures and spending time in nature.
