SBI Q4 FY26 Results: Profit Up 16%, Revenue 13%

Key takeaway from SBI’s Q4 print

State Bank of India (SBI), India’s largest lender, reported a strong set of Q4 FY25-26 numbers, supported by growth in retail banking, improved asset quality, and lower provisions. Consolidated revenue rose 13% year-on-year (YoY) to ₹524,172 crore, while net profit increased 16% to ₹77,561 crore. The quarter was also marked by healthy expansion in net interest income (NII), which helped profitability.

What SBI reported for Q4 FY25-26

SBI’s disclosed snapshot for the quarter highlighted broad-based improvement in operating metrics. NII rose 14% YoY to ₹300,943 crore, while operating profit increased 9% YoY to ₹145,195 crore. Other income for the period was reported at ₹61,583 crore.

The bank’s commentary in the provided text linked the gains to stronger retail performance, improved asset quality, and lower slippages. The combination typically supports profitability by reducing the need for high credit provisions while keeping core interest income steady.

Revenue and profit growth, with prior-year comparison

The quarterly comparison in the text shows consolidated revenue at ₹524,172 crore in Q4 FY25-26, up from ₹466,813 crore in Q4 FY24. Net profit for Q4 FY25-26 came in at ₹77,561 crore versus ₹67,085 crore a year earlier.

The reported improvement was attributed in the article text to higher NII and lower slippages, which indicates fewer fresh problem loans during the period.

Street expectations and what stood out

The article notes that SBI exceeded market expectations on profitability. Analysts were expecting profit after tax (PAT) of around ₹75,000 crore, while SBI delivered ₹77,561 crore.

Another datapoint highlighted was the gross non-performing asset (GNPA) ratio at 1.82%. The text frames this as improved asset quality, alongside “healthy growth in NII,” as a key driver of the quarter’s outcome.

Stock tape: where the share price was indicated

The provided snippet included a trade line showing:

• Trade: 1090
• Change: -6.00 (-0.54%)
• Updated: 07 May 2026

This suggests the stock was marginally lower around the time of the update, despite the earnings-led narrative being positive in profitability terms.

Important numbers at a glance

How the quarter fits into SBI’s broader earnings chatter

Alongside the FY25-26 consolidated numbers, the provided material also contained references to earlier quarters and separate standalone disclosures, including Q4 FY25 figures. In that FY25 standalone snapshot, SBI reported net profit of ₹18,642.59 crore for Q4FY25 (a 10% YoY decline versus ₹20,698.35 crore in Q4FY24), while NII rose 2.7% YoY to ₹42,774.55 crore.

That FY25 standalone section also referenced higher provisions (₹3,964 crore, up 20.35% YoY) and margin pressure, with domestic NIM at 3.15% (down from 3.47% in Q4FY24). It also mentioned the GNPA ratio at 1.82% and net NPA ratio at 0.47% for Q4FY25.

Market impact: what the numbers indicate

For Q4 FY25-26, the biggest support to earnings in the provided data is the double-digit rise in NII (+14% YoY) alongside profit growth (+16% YoY). When NII grows faster than operating profit (+9% YoY), it can signal higher operating costs or different income mix, but the quarter still delivered an earnings beat versus the stated PAT expectation of about ₹75,000 crore.

The GNPA figure at 1.82% is also important because asset quality directly affects credit costs and the pace of provisioning. The text connects improved asset quality and lower slippages with the earnings outcome, which aligns with the net profit expansion.

Analysis: why investors track these SBI metrics closely

For large banks like SBI, investors typically focus on three linked indicators: NII growth, profitability, and asset quality. In the FY25-26 quarter discussed, all three appear supportive based on the disclosed figures and the article’s explanation of lower slippages and improved asset quality.

The trade update showing the stock down 0.54% indicates that price action does not always mirror headline beats immediately. Investors often reassess results through other details such as provisions, margins, and the sustainability of income streams, but those additional specifics were not fully quantified in the FY25-26 consolidated section of the provided text.

Conclusion

SBI closed Q4 FY25-26 with consolidated revenue of ₹524,172 crore and net profit of ₹77,561 crore, supported by higher NII and improved asset quality, and delivered above the PAT level analysts were expecting. The stock’s tape in the provided update showed a modest decline to 1090, highlighting that the market response can remain cautious even after a profitability beat.