SBI Reports 12% Increase In Net Profit For Q1 FY26 Quarter, Reaches Rs 19,160 Crore

Last Updated:August 08, 2025, 14:45 IST

SBI Q1 Results: SBI’s net profit rose 12% to Rs 19,160 crore in the June quarter. Total income grew 10.31% to Rs 1.35 lakh crore.

SBI Q1 FY26 results.

SBI Q1 Results: State Bank of India Ltd (SBI) on Friday reported a 12% year-on-year rise in net profit to Rs 19,160 crore for the June quarter, up from Rs 17,035 crore in the same period last year.

The bank’s total income grew 10.31% to Rs 1.35 lakh crore, compared to Rs 1.22 lakh crore a year ago.

However, net interest income (NII) remained nearly flat at Rs 41,072 crore, dipping 0.13% year-on-year. This was largely due to a decline in margins — SBI’s net interest margin (NIM) for the whole bank dropped by 32 basis points to 2.90%, while domestic NIM fell 33 basis points to 3.02%.

The bank’s operating profit rose 15.49% to Rs 30,544 crore, supported by a sharp 55.40% jump in non-interest income, which stood at Rs 17,346 crore.

Net interest margin (NIM) for the whole bank was 2.90%, while the domestic NIM stood at 3.02%. On the balance sheet front, SBI reported 11.61% YoY growth in whole bank advances to Rs 42.5 lakh crore, with domestic advances growing by 11.06%. Foreign office advances rose 14.81% YoY. Segment-wise, SME advances grew the most at 19.10%, followed by agriculture (12.67%), retail personal (12.56%), and corporate advances (5.70%).

Deposits saw an 11.66% YoY growth, while CASA deposits rose 8.05%. The CASA ratio was at 39.36% as of June 30, 2025.

Asset quality improved significantly with gross NPA ratio down by 38 basis points YoY to 1.83%, and net NPA down 10 bps to 0.47%. Provision coverage ratio (PCR) stood at 74.49%, while including AUCA, it reached 91.71%. Slippage ratio improved to 0.75%, while credit cost remained steady at 0.47%.

SBI’s capital adequacy ratio stood strong at 14.63%. The bank continued its digital push, acquiring 66% of new savings accounts via YONO. Transactions via alternate channels rose to 98.6%, up from 98.2% in Q1FY25.

SBI shares traded flat around 2:40 pm at Rs 804.50 apiece. The scrip opened at Rs 805 apiece, against the previous day close at Rs 805.25 apiece. SBI has a market cap of Rs 7.42 lakh crore. The stock’s 52-week movement indicates a high of Rs 875.50 and a low of Rs 679.50 apiece.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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