Mumbai: State Bank of India (SBI), the country’s largest public sector bank, announced its financial results for the July-September quarter of FY27, reporting a standalone net profit of ₹23,038 crore, compared with ₹20,160 crore in the corresponding quarter of the previous financial year.
The 14.3% year-on-year growth was supported by an increase in core income and a decline in provisions. The bank also reported a one-time gain of ₹7,288 crore during the quarter, which provided an additional boost to its earnings.
SBI Q2 FY27 Results: Key Financial Highlights
SBI’s major financial and asset quality indicators for the September quarter included:
- Standalone net profit: ₹23,038 crore, up 14.3% year-on-year from ₹20,160 crore.
- Net interest income (NII): ₹49,143 crore, an increase of 15% from ₹42,847 crore.
- Operating profit: ₹26,937 crore, down 1.4% from ₹27,311 crore.
- Provisions: ₹4,217 crore, compared with ₹5,400 crore in the year-ago quarter.
- Gross NPA ratio: 1.39%.
- Net NPA ratio: 0.36%.
- Domestic net interest margin (NIM): 3.11%.
- Slippage ratio: 0.50%.
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SBI Net Interest Income Grows 15% to ₹49,143 Crore
SBI’s net interest income increased 15% year-on-year to ₹49,143 crore in Q2 FY27, compared with ₹42,847 crore in the corresponding quarter of the previous financial year.
Net interest income represents the difference between the interest earned by a bank on its loans and investments and the interest paid on deposits and borrowings. The growth in NII reflects an improvement in the bank’s core interest income during the quarter.
However, SBI’s operating profit declined 1.4% to ₹26,937 crore from ₹27,311 crore in the year-ago period, despite the increase in net interest income.
Lower Provisions Support SBI’s Quarterly Profit
SBI’s provisions declined to ₹4,217 crore in Q2 FY27 from ₹5,400 crore in the corresponding quarter last year.
The figure was also lower than the ₹5,047 crore reported in the June quarter, indicating a sequential decline in provisions.
The reduction in provisions supported the bank’s reported profitability during the September quarter. SBI also reported a one-time gain of ₹7,288 crore during the period.
SBI Asset Quality Improves in Q2 FY27
SBI continued to report an improvement in its asset quality during the September quarter.
The gross non-performing asset (GNPA) ratio declined to 1.39% from 1.47% in the preceding quarter. The net non-performing asset (NNPA) ratio also improved to 0.36% from 0.38%.
The bank’s domestic net interest margin stood at 3.11%, while its slippage ratio was 0.50% during Q2 FY27.
SBI Reports H1 FY27 Net Profit of ₹44,159.17 Crore
For the half year ended September 30, 2026, SBI reported total income of ₹2,87,615.16 crore and interest income of ₹2,59,915.01 crore.
The bank’s key financial performance figures for H1 FY27 were:
- Interest income: ₹2,59,915.01 crore.
- Total income: ₹2,87,615.16 crore.
- Operating profit: ₹60,466.42 crore.
- Net profit: ₹44,159.17 crore.
- Basic earnings per share (EPS): ₹47.84.
These figures reflect the bank’s financial performance during the first six months of FY27.
SBI Capital Adequacy Ratio Stands at 16.09%
As of September 30, 2026, SBI reported a capital adequacy ratio of 16.09% under Basel III norms. Its Common Equity Tier 1 (CET1) ratio stood at 13.34%.
The bank’s net worth was reported at ₹5,26,440.74 crore.
The Limited Review Report issued by the Statutory Central Auditors carried an unmodified opinion.
According to the bank’s filing, the meeting of the Central Board commenced at 10:00 a.m., and the agenda relating to the financial results was concluded at 1:40 p.m.
SBI Shares Trade Lower After Q2 Results
Following the earnings announcement, SBI shares were trading 0.73% lower at ₹979.75. In comparison, the benchmark Sensex was up 1.25% at around 76,641.
Despite the decline in the share price during the trading session, SBI reported double-digit growth in net profit and net interest income for Q2 FY27. Lower provisions and improving asset quality supported its performance, while the decline in operating profit and the impact of the one-time gain remain important factors in assessing the bank’s quarterly earnings.
About State Bank of India
State Bank of India (SBI) is India’s largest public sector bank, offering a wide range of financial services to individuals, businesses and institutions. Its services include retail banking, corporate banking, loans, deposits, digital banking and international banking operations.
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