SBI Q1 FY27 Results: Profit ₹21,121 Cr, NIM 2.86%

Results filed on BSE: what SBI reported

State Bank of India (SBI) filed its Q1 FY27 financial results on August 7, 2026, on the BSE under the “Financial Results” category. The filing and accompanying press release outlined profit growth, margin movement, balance-sheet expansion, and asset-quality trends for the April to June 2026 quarter. The numbers were watched closely because SBI is India’s largest lender and a bellwether for system credit conditions.

In the press release highlights, SBI said “business crossed ₹110 trillion,” with deposits at ₹60 trillion and advances at ₹50 trillion. In normalized terms, that translates to total business above ₹11,000,000 crore, deposits at ₹6,000,000 crore, and advances at ₹5,000,000 crore. The bank also reported that 64% of digital account openings came through YONO, pointing to the continuing shift to app-led onboarding.

Net profit: ₹21,121 crore, up 10.23% YoY

SBI reported net profit of ₹21,121 crore for Q1 FY27, a year-on-year increase of 10.23%. The previous year’s comparable net profit after tax was stated at ₹19,160.44 crore. SBI’s Q4 FY26 net profit was reported at ₹19,683 crore (also stated as ₹19,683.75 crore in one market note), making Q1 FY27 higher sequentially as well.

Some coverage also cited consolidated profit growth, with consolidated net profit reported at ₹24,113.00 crore for Q1 FY27, versus ₹21,201.47 crore a year earlier. Separately, a market note referenced consolidated profit at ₹24,579.04 crore for the quarter. SBI’s filing and exchange document remain the primary reference point for investors tracking the official disclosure.

Operating profit: growth highlighted in the filing

In the press release, SBI reported operating profit of ₹33,529 crore, up 9.77% year-on-year. One report also referred to pre-provision operating profit (PPOP) at ₹30,544.47 crore for Q1 FY27. Because operating profit and PPOP are often used differently across summaries, investors typically cross-check the exact line items in the financial statement tables to reconcile definitions.

Operating performance is particularly relevant this quarter because it sits alongside changes in credit costs and provisioning. The quarter’s profit narrative in reporting also linked earnings growth to “lower provisioning and better asset quality,” though provisioning numbers in summaries varied by source and presentation.

Net interest income: ₹46,992 crore, ahead of estimates

SBI reported net interest income (NII) of ₹46,992 crore in Q1 FY27, up around 14% to 15% year-on-year depending on the cited base figure. One comparison in the text placed the prior-year NII at ₹41,072 crore, while another cited ₹40,907 crore.

The quarter also came with a “beat” versus a CNBC-TV18 poll: the poll estimate for NII was ₹45,834 crore, while reported NII came in higher at ₹46,992 crore. On the profit line too, the poll expected net profit of ₹17,790 crore, while SBI reported ₹21,121 crore.

NIM improved sequentially: domestic at 3.00%, whole bank 2.86%

On margins, SBI reported domestic net interest margin (NIM) at 3.00%, improving 7 basis points quarter-on-quarter. Whole bank NIM was reported at 2.86%, up 5 basis points quarter-on-quarter.

The margin discussion was in focus because a separate line in the provided text referenced an expectation that NIMs were “likely to remain at 2.84%” after a sharp fall in the April quarter. The reported whole bank NIM of 2.86% indicates a slightly higher number than that expectation.

Balance sheet growth: advances up 18.63%, deposits up 9.73%

SBI reported advances growth of 18.63% year-on-year and deposit growth of 9.73% year-on-year in Q1 FY27. The bank also reported a CASA ratio of 39.24%.

In the press release framing, SBI positioned this growth within a scale milestone, reporting business above ₹110 trillion (₹11,000,000 crore). For investors, the combination of faster loan growth than deposit growth and the CASA ratio is often tracked alongside margin trends and incremental funding mix.

Asset quality: gross NPA at 1.47%, net NPA at 0.38%

SBI reported an improvement in asset quality, with gross NPA ratio at 1.47%, improving 36 basis points year-on-year. Net NPA ratio was reported at 0.38%, improving 9 basis points year-on-year.

Sequentially, reporting in the text stated gross NPA ratio fell to 1.47% from 1.49% in the previous quarter, while net NPA eased to 0.38% from 0.39%. In absolute terms, gross NPAs were reported at ₹74,272.06 crore versus ₹73,452.46 crore sequentially, and net NPAs at ₹19,158.49 crore versus ₹18,830.14 crore. SBI’s provision coverage ratio (PCR) was reported at 74.20%, while PCR including AUCA was reported at 91.82%.

Capital and dividend: CAR at 15.67%, ₹10 per share dividend

SBI reported a capital adequacy ratio (CAR) of 15.67% for the quarter. The board also declared a dividend of ₹10 per share, as per the provided text.

These two disclosures matter because they signal the bank’s regulatory buffer position and near-term payout decision alongside its growth trajectory. Investors typically read these together with credit growth, asset quality, and margin trends.

Market reaction: SBIN shares up over 2% after results

After the quarterly earnings announcement, SBI shares were reported trading about 2.4% higher. Another snapshot in the text referenced SBIN at +2.47%. The move was linked to the earnings beat versus estimates and the asset quality and margin commentary.

While price action immediately after results can reflect sentiment, investors also look for management commentary and analyst calls to interpret how sustainable NIM movement and credit costs may be, especially when loan growth remains strong.

Key numbers at a glance (normalized to ₹ crore)

Why this quarter matters

SBI’s Q1 FY27 numbers combine three elements that markets track closely in a large PSU lender: profit growth, margin stabilization, and asset-quality improvement. The reported NII expansion to ₹46,992 crore and the sequential improvement in NIMs came alongside strong year-on-year advances growth of 18.63%.

At the same time, the reported improvement in gross NPA ratio to 1.47% and net NPA ratio to 0.38% provides a cleaner backdrop for evaluating earnings quality. The next set of disclosures, including any detailed segment commentary and updates from the analyst meet scheduled on August 7, 2026, will be watched for additional context on margins, growth mix, and provisioning trajectory.