SBI Q2 earnings: Net profit surges 14%, bad loans fall 

Country's largest lender State Bank of India (SBI) on Tuesday reported a 14% rise in Q2 net profit. Profit after tax increased 14.28% to Rs 23,038 Cr in Q2 FY'27 against Rs 20,259 crore in Q2 FY'26. Interest earned rose 10.46% to Rs 1.32 lakh crore in Q2 against Rs 1.19 lakh crore in the year ago period.

Net Interest income rose 14.3% to Rs 49,143 crore in Q2 against Rs 42,847 Cr in Q2 of the previous fiscal.

Total income rose 6.53% to Rs 1.43 lakh crore in Q2 FY'27 against Rs 1.34 Cr in Q3 FY'26.

Amount of gross NPAs slipped 5% to Rs 72,529 crore in Q2 against Rs 76,243 crore a year ago.

Gross NPAs in percentage fell to 1.39% in Q2 against 1.73% in Q2 of FY26.

Net NPAs in percentage terms slipped to 0.36% in Q2 against 0.42% in the year ago period.

Gross advances rose 18% year on year to Rs 52 lakh crore and Gross deposits climbed 12.27% to Rs 63 lakh crore. The lender said it posted lowest NPA ratios in two plus decade.

Operating profit slipped 1.4% to Rs 26,937 crore against Rs 27,311 Cr on a YoY basis. On BSE, the stock was trading at Rs 988.45, up 0.15% in the current session. Market cap of the lender rose to Rs 9.13 lakh crore.

Total 9.19 lakh shares changed hands amounting to a turnover of Rs 91.19 crore on BSE.