SBI Q1 FY27 Results: Net Profit Rises 10

SBI Q1 FY27 Results: Net Profit Rises 10.23% to Rs. 21,121 Crore

Introduction

State Bank of India (SBI) reported a strong performance for the quarter ended June 30, 2026. The SBI Q1 FY27 results showed a 10.23% YoY increase in net profit to Rs. 21,121 crore, compared with Rs. 19,160 crore in Q1 FY26. The bank's total business crossed Rs. 110 trillion, while deposits and advances crossed Rs. 60 trillion and Rs. 50 trillion, respectively. Investors looking to enter the equity market can also explore a new demat account refer and earn option before beginning their investment journey.

 

SBI Q1 FY27 Results: Key Highlights

SBI's Return on Assets (RoA) stood at 1.11%, while Return on Equity (RoE) was 17.87% during Q1 FY27.

 

SBI Net Profit and NII Growth

SBI's profit after tax increased from Rs. 19,160 crore in Q1 FY26 to Rs. 21,121 crore in Q1 FY27, representing 10.23% YoY growth. On a sequential basis, profit increased 7.30% from Rs. 19,684 crore in Q4 FY26 . Operating profit rose 9.77% YoY to Rs. 33,529 crore from Rs. 30,544 crore in Q1 FY26 . Net Interest Income (NII), a key measure of a bank's core lending performance, increased 14.88% YoY to Rs. 46,992 crore from Rs. 40,907 crore. NII also increased 5.89% QoQ.Domestic Net Interest Margin (NIM) stood at 3.00%, improving 7 basis points from Q4 FY26, while whole-bank NIM improved to 2.86%.

 

SBI Advances Grow 18.63%

SBI continued to report strong credit growth. Whole-bank advances increased 18.63% YoY to Rs. 50,47,222 crore as of June 30, 2026, compared with Rs. 42,54,516 crore in June 2025. Domestic advances grew 18.15% YoY .

The bank recorded double-digit growth across its major lending segments:

Agriculture advances recorded the highest growth at 25.43%, followed by SME advances at 22.33%. Retail personal advances increased 15.15%, while corporate advances grew 18.05%.Home loans increased from Rs. 8,50,856 crore in June 2025 to Rs. 9,59,369 crore in June 2026, registering 12.75% YoY growth.

 

Deposits Cross Rs. 60 Lakh Crore

SBI's deposits increased 9.73% YoY to Rs. 60,05,805 crore as of June 30, 2026. Domestic CASA deposits grew 9.30% to Rs. 22,60,926 crore, while domestic term deposits increased 9.86% to Rs. 35,00,427 crore . Retail term deposits recorded stronger growth of 14.39% YoY. The CASA ratio stood at 39.24% as of June 30, 2026.While deposit growth remained healthy, it was lower than the pace of credit growth. This will be an important metric to monitor in the coming quarters.

 

Asset Quality Improves

Asset quality remained another positive factor in the SBI Q1 FY27 results . The bank's GNPA ratio improved to 1.47% from 1.83% in Q1 FY26, while the NNPA ratio declined to 0.38% from 0.47%. The slippage ratio also improved by 18 basis points YoY to 0.57% . Credit cost stood at 0.27%, compared with 0.47% in Q1 FY26. The provision coverage ratio stood at 74.20%, while PCR including AUCA was 91.82%.The improvement in bad-loan ratios indicates continued strengthening of SBI's asset-quality position.

 

Capital Adequacy and Digital Banking

SBI's Capital to Risk Weighted Assets Ratio (CRAR) stood at 15.67% at the end of Q1 FY27. CET-1 and Tier-1 ratios stood at 12.89% and 13.90%, respectively . Digital banking also remained a key area of growth. More than 64% of savings bank accounts were opened digitally through YONO during Q1 FY27. The share of alternate channels in total transactions increased from approximately 98.6% in Q1 FY26 to 98.8% in Q1 FY27 . For investors who actively monitor their investments, selecting the best mobile app for managing demat account can also make it easier to track holdings and market activity.

 

SBI Q1 FY27 Results: What Investors Should Watch

State Bank of India quarterly performance was supported by strong credit growth, higher NII and improving asset quality. However, investors should monitor deposit growth, NIM and credit growth in the coming quarters . Advances grew 18.63% YoY, significantly faster than deposits at 9.73%. Maintaining this credit growth while ensuring adequate deposit mobilisation will therefore remain important . At the same time, the improvement in GNPA and NNPA ratios and the bank's CRAR of 15.67% provide positive indicators for its balance-sheet strength.

 

Conclusion

The SBI Q1 FY27 results indicate a positive start to FY27, with net profit rising 10.23% to Rs. 21,121 crore, NII increasing 14.88%, and advances growing 18.63% YoY. The improvement in asset quality and strong capital position further supported the quarterly performance .  Going forward, investors should track credit growth, deposit mobilisation, NIM and asset quality to assess the sustainability of SBI's performance. Investors planning to start their equity investment journey can also compare platforms and explore a demat account refer and earn option where suitable.

 

Frequently Asked Questions

How much profit did SBI report during Q1 FY27?

SBI reported a net profit of Rs. 21,121 crore, registering 10.23% YoY growth.

What was SBI's NII in Q1 FY27?

SBI's NII increased 14.88% YoY to Rs. 46,992 crore.

What was SBI's advance growth in Q1 FY27?

SBI's total advances increased 18.63% year-on-year, reaching Rs. 50,47,222 crore by June 2026.

What was SBI's GNPA ratio in Q1 FY27?

SBI's GNPA ratio stood at 1.47%, improving 36 basis points YoY.

What was SBI's CRAR in Q1 FY27?

SBI's CRAR stood at 15.67% at the end of Q1 FY27.


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