State Bank of India Reports 6% YoY Profit Growth, ₹19,684 Crore Earnings in Q4 2026

State Bank of India Reports 5.6% Rise in Q4 Net Profit

State Bank of India (SBI), India's largest bank by assets, released its financial results for the January-March quarter of the financial year 2026 (Q4FY26) on Friday, 8 May. According to the reports, the bank's standalone net profit for Q4FY26 rose by 5.6% year-on-year (YoY) to ₹19,683.75 crore, compared to ₹18,642.59 crore in the corresponding quarter of the previous financial year.

However, the bank's profit declined by 6.4% sequentially, or on a quarter-on-quarter (QoQ) basis, to ₹19,683.75 crore from ₹21,028.15 crore in Q3FY26. The operating profit also declined by 11.45% YoY and 15.70% QoQ to ₹27,704 crore.

For the entire financial year 2026, SBI's profit rose by nearly 13% YoY to ₹80,032.01 crore from ₹70,900.63 crore in FY25. The bank also announced a dividend of ₹17.35 per share, with a record date of 16 May and a dividend payment date of 4 June.

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Key Takeaways from SBI Q4 Results

The bank's net interest income (NII) rose by 4.13% YoY but declined by 1.35% QoQ to ₹44,380 crore. The domestic NIM decreased by 21 basis points YoY and 18 basis points QoQ to 2.93%. Gross advances saw a decent 16.87% YoY and 5.32% QoQ growth, standing at ₹49,32,627 crore. Domestic corporate advances rose by 14.83% YoY and 6.83% QoQ to ₹14,24,589 crore. Home loans grew by 13.66% YoY and 3.88% QoQ to ₹9,44,210 crore.

Overall deposits saw a growth of 11.03% YoY and 4.81% QoQ to ₹59,75,642 crore. Domestic CASA increased by 9.53% YoY and 5.71% QoQ to ₹22,62,011 crore. The CASA ratio declined by 51 bps YoY but rose by 33 bps QoQ to 39.46%.

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The bank's gross NPA declined by 4.46% YoY and 0.25% QoQ to ₹73,452 crore, with a gross NPA ratio improvement of 33 bps YoY to 1.49%. Net NPA also declined by 4.25% YoY but increased by 4.54% QoQ to ₹18,830 crore, with a net NPA ratio improvement of 8 bps YoY to 0.39%. The provision coverage ratio (PCR), including AUCA, stood at 91.97%, falling 11 bps YoY and 40 bps QoQ. Slippage ratio for Q4FY26 stood at 0.47%, up 5 bps YoY and 7 bps QoQ.

SBI share price crashed more than 7% in intraday trade on Friday after the announcement of Q4 results.