SBI Q1 results: Why PSU bank stock rallied 4% as net profit rises 10%; key highlights
SBI, which was trading flat ahead of earnings, soared 3.6 per cent to hit a high of Rs 1,124.40 on BSE. With this, the stock has delivered a return of 7.6 per cent in the past one month against Sensex's flat return.
- Aug 7, 2026,
- Updated Aug 7, 2026 2:47 PM IST
State Bank of India shares rallied 4 per cent in Friday's trade after the country's largest lender reported better-than-expected June quarter results. The largest PSU bank said its net profit for the June quarter grew 10.23 per cent at Rs 21,121 crore. Many brokerages had anticipated a fall in Q1 net profit. SBI said its net interest income (NII) grew 14.88 per cent to Rs 46,992 crore. It beat analyst growth estimate of 13 per cent.
Credit cost stood at 0.27 per cent against 0.47 per cent in the year-ago quarter.
SBI said its net interest (NIM) improved 17 basis points to 3.01 per cent in the June quarter compared with 2.93 per cent in the March quarter. Analysts were expecting a marginal fall or stable margin sequentially.
Following the results, the SBI stock, which was trading flat ahead of earnings, soared 3.6 per cent to hit a high of Rs 1,124.40 on BSE. With this, the stock has delivered a return of 7.6 per cent in the past one month against Sensex's flat return.
Total provisions for the quarter came in at Rs 12,408 crore against Rs 8,020 crore in March and 11,384 crore in the same quarter last year. SBI said its gross non-performing asset (NPA) ratio improved 36 basis points (bps) YoY to 1.47 per cent, while the net NPA ratio improved 9 bps YoY to 0.38 per cent. The provision coverage ratio (PCR) stood at 74.20 per cent, while PCR, including AUCA, was 91.82 per cent. The slippage ratio for Q1FY27 improved 18 bps YoY to 0.57 per cent, while the credit cost stood at 0.27 per cent.
SBI said its return on asset (ROA) and return on equity (ROE) stood at 1.11 per cent and 17.87 per cent, respectively.
State Bank of India shares rallied 4 per cent in Friday's trade after the country's largest lender reported better-than-expected June quarter results. The largest PSU bank said its net profit for the June quarter grew 10.23 per cent at Rs 21,121 crore. Many brokerages had anticipated a fall in Q1 net profit. SBI said its net interest income (NII) grew 14.88 per cent to Rs 46,992 crore. It beat analyst growth estimate of 13 per cent.
Credit cost stood at 0.27 per cent against 0.47 per cent in the year-ago quarter.
SBI said its net interest (NIM) improved 17 basis points to 3.01 per cent in the June quarter compared with 2.93 per cent in the March quarter. Analysts were expecting a marginal fall or stable margin sequentially.
Following the results, the SBI stock, which was trading flat ahead of earnings, soared 3.6 per cent to hit a high of Rs 1,124.40 on BSE. With this, the stock has delivered a return of 7.6 per cent in the past one month against Sensex's flat return.
Total provisions for the quarter came in at Rs 12,408 crore against Rs 8,020 crore in March and 11,384 crore in the same quarter last year. SBI said its gross non-performing asset (NPA) ratio improved 36 basis points (bps) YoY to 1.47 per cent, while the net NPA ratio improved 9 bps YoY to 0.38 per cent. The provision coverage ratio (PCR) stood at 74.20 per cent, while PCR, including AUCA, was 91.82 per cent. The slippage ratio for Q1FY27 improved 18 bps YoY to 0.57 per cent, while the credit cost stood at 0.27 per cent.
SBI said its return on asset (ROA) and return on equity (ROE) stood at 1.11 per cent and 17.87 per cent, respectively.