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SBI Q1 Results: Profit Hits ₹21,121 Crore as NPAs Fall Sharply, Shares Rally

Posted on 7th Aug 2026 05:21 pm by rohit kumar

State Bank of India (SBI), the country's largest public sector bank, reported a strong performance for the first quarter of FY2026-27. SBI's standalone net profit rose to ₹21,121.22 crore for the quarter ended June 2026, marking a year-on-year increase of around 10.2%. Following the results, SBI shares gained 3.21% to ₹1,119.80 on Friday.

 

SBI Q1 Profit Rises to ₹21,121 Crore

 

According to financial data submitted to the stock exchanges, SBI reported a standalone net profit of ₹21,121.22 crore for the quarter ended June 2026.

 

The bank had posted a standalone net profit of ₹19,160.44 crore in the corresponding quarter of June 2025. This represents an increase of approximately 10.2% year on year.

 

On a consolidated basis, SBI's profit stood at ₹24,113 crore, compared with ₹21,201.17 crore in the same quarter of the previous year.

 

The latest numbers highlight continued growth in the bank's profitability during the first quarter of the current financial year.

 

SBI Q1 Income Also Increases

 

SBI recorded growth in its income during the quarter.

 

The bank's standalone total income stood at ₹1,43,819.15 crore in the June 2026 quarter, compared with ₹1,35,341.55 crore in the same period last year.

 

Interest earned during the quarter stood at ₹1,27,896.46 crore, underlining the scale of SBI's banking operations.

 

SBI Asset Quality Improves as NPAs Decline

 

Another key positive from the SBI Q1 results was the improvement in the bank's asset quality.

 

Both Gross Non-Performing Assets (Gross NPA) and Net Non-Performing Assets (Net NPA) declined compared with the year-ago period.

 

A reduction in bad loans is generally considered a positive indicator for a bank because it can reduce credit-related stress and support overall asset quality.

 

SBI Shares Rise More Than 3%

 

SBI shares reacted positively to the quarterly results.

 

The stock was trading 3.21% higher at ₹1,119.80 on Friday following the earnings announcement.

 

The market reaction reflects investor attention on SBI's improved profitability and asset-quality performance.

 

SBI Capital Adequacy Ratio Stands at 15.67%

 

SBI's Capital Adequacy Ratio (CAR) under Basel III stood at 15.67% as of June 30, 2026.

 

The bank's Provision Coverage Ratio (PCR) stood at 74.20% during the same period.

 

These indicators are closely watched by investors because they provide insight into a bank's capital strength and ability to absorb potential credit losses.

 

Government Holds 55.03% Stake in SBI

 

The Government of India continued to hold a 55.03% stake in State Bank of India as of June 30, 2026.

 

The bank's board approved the financial results during a meeting held on Friday. According to the disclosed information, the meeting began at 10:00 AM and concluded at 1:30 PM.

 

SBI Q1 Results: Key Highlights

Standalone net profit: ₹21,121.22 crore

Year-on-year profit growth: Approximately 10.2%

Previous-year standalone profit: ₹19,160.44 crore

Consolidated net profit: ₹24,113 crore

Standalone total income: ₹1,43,819.15 crore

Interest earned: ₹1,27,896.46 crore

Capital Adequacy Ratio: 15.67%

Provision Coverage Ratio: 74.20%

Government of India stake: 55.03%

SBI share price after results: ₹1,119.80

Share-price gain: 3.21%

SBI Q1 Results: What Investors Should Watch

 

SBI's first-quarter results show growth in profitability alongside an improvement in asset quality. The rise in standalone and consolidated profit, higher total income and lower NPAs are key developments investors will be watching.

 

The bank's capital adequacy ratio and provision coverage ratio also remain important indicators of its financial strength.

 

With SBI shares gaining more than 3% following the results, investors will now focus on how the bank's earnings, asset quality and other financial metrics develop through the rest of FY2026-27.

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