SBI Net Profit Misses Estimates; Shares Drop Nearly 6% in Afternoon Trade

Mumbai, May 8: State Bank of India reported a consolidated net profit of ₹20,161.30 crore for the fourth quarter ended March 31, 2026, a modest rise of 1.10 per cent from ₹19,941.39 crore in the corresponding quarter a year ago, as higher provisions and a sharp sequential decline in operating profit tempered what was otherwise a steady earnings performance from India’s largest lender.

Consolidated total income for Q4 FY26 stood at ₹1,81,079.02 crore, up 0.84 per cent from ₹1,79,562.32 crore in Q4 FY25, while consolidated interest earned the bank’s core revenue line grew 3.34 per cent to ₹1,31,080.12 crore from ₹1,26,840.21 crore in the year-ago period.

Consolidated operating profit for the quarter came in at ₹29,736.90 crore, a decline of 13.47 per cent from ₹34,366.34 crore in Q4 FY25, reflecting elevated operating expenditure and higher provisions during the period.

Asset quality continued to improve, with the gross NPA ratio easing to 1.49 per cent from 1.82 per cent a year ago, and the net NPA ratio narrowing to 0.39 per cent from 0.47 per cent, while the capital adequacy ratio strengthened to 15.40 per cent from 14.25 per cent in Q4 FY25.

Full-Year Results

For the full financial year FY26, SBI’s consolidated net profit rose 7.78 per cent to ₹85,168.47 crore from ₹79,017.16 crore in FY25, while consolidated total income grew 6.98 per cent to ₹7,09,616.96 crore from ₹6,63,343.32 crore. Consolidated interest earned for the full year increased 5.02 per cent to ₹5,14,932.59 crore from ₹4,90,312.70 crore, and full-year consolidated operating profit rose 4.87 per cent to ₹1,31,961.70 crore from ₹1,25,828.47 crore in FY25.

The Central Board declared a dividend of ₹17.35 per equity share at 1735 per cent for the financial year ended March 31, 2026, with the record date set for May 16, 2026, and the dividend payment date fixed as June 4, 2026.

Shares of State Bank of India were under sharp pressure on Friday, tumbling 5.84 per cent to ₹1,028.20 from the previous close of ₹1,092.00 as results-day selling hit the counter hard after the bank’s Q4 operating profit declined sharply year-on-year. The stock opened at ₹1,090.00, briefly touched a high of ₹1,095.00 early in the session before falling steeply through the afternoon, hitting an intraday low of ₹1,032.00 around 2:00 pm in a near-uninterrupted slide. The pattern steady through the morning and then a sharp cliff-like drop post 1:30 pm — reflects institutional selling triggered by the weak operating profit numbers declared during the board meeting which concluded at 1:45 pm.

Weekly Trend

Over the week, SBI shares had actually been recovering strongly before Friday’s sharp reversal. The stock opened around ₹1,068 on May 4, dipped to a weekly low of approximately ₹1,061 on May 5, before surging to approximately ₹1,099 on May 6 and closing Thursday at ₹1,092, representing a strong three-day recovery. Friday’s fall of nearly ₹64 has erased most of that weekly gain in a single session, leaving the stock on track for a broadly flat-to-negative week overall.

Source:

• https://www.nseindia.com/get-quote/equity/SBIN/State-Bank-of-India
• https://nsearchives.nseindia.com/corporate/SBIN_08052026140049_Results_Q4_080526.pdf