State Bank of India Share Price Gains Over 2% After Q1 FY27 Earnings Results: Total Income Up 7.8% YoY

On August 7, 2026, State Bank of India (SBIN) released its unaudited consolidated financial results for the quarter ended June 30, 2026, as per the exchange filings.   

The company reported a total income of ₹1,80,061.86 crore and net profit of ₹24,579.04 crore for the quarter ended June 30, 2026. 

State Bank of India Q1 FY27 Earnings Results 

In the quarter ended June 30, 2026, State Bank of India recorded a total income of ₹1,80,061.86 crore. This figure represents a 7.8% increase compared to the total income of ₹1,66,991.82 crore reported in the same quarter a year ago.  

When compared to the preceding March 2026 quarter, where total income stood at ₹1,81,079.02 crore, the recent figure reflects a 0.6% decline. 

The net profit, or Profit After Tax, for the June 2026 quarter reached ₹24,579.04 crore. This result shows a 13.7% growth on a year-on-year basis when measured against the ₹21,626.64 crore profit reported a year ago.  

On a quarter-on-quarter basis, the net profit increased by 21.9% from the ₹20,161.30 crore recorded in the March 2026 quarter. 

Annual Performance for FY26 

For the duration of FY26, the total income for the institution was ₹7,09,616.96 crore. During the same 12-month period, the net profit, or Profit After Tax, for State Bank of India was ₹85,168.47 crore. 

Balance Sheet Aggregates 

Total combined business assets and liabilities crossed the monumental milestone threshold of ₹110 trillion. Gross banking advances grew by 18.63% to reach an aggregate size of ₹50,47,222.0 crore. 

Whole bank deposits grew by 9.73% year-on-year to reach ₹60,05,805.0 crore. The low-cost domestic current account and savings account deposits ratio was logged at 39.24%. 

Credit Segment Breakdown 

Domestic personal retail credit advances experienced an upward expansion of 15.15% to reach ₹17,73,147.0 crore. Within this specific segment, long-term residential housing loans rose to a value of ₹9,59,369.0 crore. 

Corporate loans grew by 18.05% year-on-year to reach a total value of ₹14,20,652.0 crore. Meanwhile, agricultural and small business credit lines expanded rapidly by 25.43% and 22.33% respectively. 

Asset Quality Indicators 

The gross non-performing asset ratio contracted by 36 basis points year-on-year to stand at 1.47%. The net non-performing asset metric registered a parallel improvement to reach 0.38%. 

Loan loss provisions dropped substantially by 31.92% compared to last year's quarter to ₹3,359.0 crore. The bank maintained a strong provision coverage ratio of 74.20% without considering written-off accounts. 

Capital and Alternative Channels 

The total capital to risk-weighted assets ratio improved to 15.67% at the end of June 2026. Core equity tier-one capital ratio recorded a substantial expansion to stand at 12.89%. 

Digital banking applications performed strongly, with YONO facilitating more than 64% of new savings accounts. The overall share of digital and alternate transaction pathways scaled up to reach 98.8%. 

Read More: Texmaco Rail Share Price Falls 3% After Q1FY27 Results; Profit Jumps 70% YoY! 

State Bank of India Share Price Performance 

As of August 07, 2026, at 2:47 PM, State Bank of India share price on NSE was trading at ₹1,111.50, up by 2.44% from the previous closing price. 

Conclusion 

State Bank of India recorded a net profit of ₹24,579.04 crore and total income of ₹1,80,061.86 crore for the quarter ended June 30, 2026. Annual results for FY26 include total income of ₹7,09,616.96 crore and profit of ₹85,168.47 crore. 

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