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SBI Q4 Results Preview: PAT may rise 7% YoY; Dividend, margins, asset quality in focus
SBI Q4 Results Preview: According to Zee Business estimates, SBI is likely to report stable earnings performance for the March quarter despite pressure on margins due to the interest rate cut cycle.
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SBI Q4 Results Preview: PAT may rise 7% YoY; Dividend, margins, asset quality in focus
Written By: Abhay Shukla
Updated: Thu, May 07, 2026
03:34 PM IST
03:34 PM IST
New Delhi, ZeeBiz WebDesk
SBI Q4 Results Preview: State Bank of India is set to announce its Q4 FY26 results on Friday, May 8, with investors closely tracking margin trends, asset quality improvement, loan growth guidance and dividend announcement.
In an exchange filing dated May 2, the lender said its Central Board will meet in Mumbai to consider the financial results for the quarter and financial year ended March 31, 2026. The board may also consider declaration of dividend for FY26.
The bank will also hold an analyst meet at 5:15 pm on May 8 at State Bank Bhavan Auditorium after the earnings announcement.
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SBI Q4 preview: Profit may rise over 7 per cent
According to Zee Business estimates, SBI is likely to report stable earnings performance for the March quarter despite pressure on margins due to the interest rate cut cycle.
Net interest income (NII) is estimated at Rs 46,940 crore, up 9.7 per cent year-on-year from Rs 42,775 crore. Profit after tax (PAT) is seen rising 7.4 per cent to Rs 20,030 crore against Rs 18,642 crore in the year-ago period.
Provisions are estimated at Rs 4,580 crore compared with Rs 6,441 crore a year ago and Rs 4,510 crore sequentially.
Analysts expect gross NPA ratio to improve to 1.5 per cent from 1.6 per cent quarter-on-quarter, while net NPA ratio may remain stable at 0.4 per cent.
Margins and guidance to remain key monitorables
Investors are expected to closely watch SBI’s margin guidance as lower interest rates may put pressure on profitability. The management had earlier guided for domestic margins to remain above 3 per cent.
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The bank’s corporate loan pipeline and retail loan momentum will also remain in focus. SBI has continued to gain market share in retail lending, while corporate credit growth has shown signs of recovery.
Management commentary related to the West Asia crisis, global trade uncertainty and commodity price volatility will also be tracked by the Street.
What happened in Q3 FY26
In the December quarter, SBI reported a 9.04 per cent rise in NII to Rs 45,190 crore from Rs 41,446 crore a year ago, supported by 15.14 per cent loan growth.
Domestic net interest margin stood at 3.12 per cent, reflecting a marginal compression of 0.03 per cent year-on-year.
The bank had revised its FY26 loan growth guidance upwards to 13-15 per cent from 12-14 per cent earlier, citing improving corporate credit demand and resilient retail growth.
Deposit growth during Q3 FY26 came in at 9.02 per cent, while the credit-deposit ratio remained comfortable at 72 per cent.
Asset quality improves to two-decade best
SBI’s gross NPA ratio improved to 1.57 per cent as of December 31, 2025, compared with 1.73 per cent in the previous quarter, marking the best asset quality level in nearly two decades.
Fresh slippages stood at Rs 4,458 crore during Q3 FY26 against Rs 3,823 crore in the year-ago period.
The bank reported overall provisions of Rs 4,507 crore during the quarter.
Corporate loan pipeline remains strong
Chairman C S Setty said SBI has a loan pipeline of nearly Rs 8 lakh crore, including Rs 4.41 lakh crore of sanctioned but undisbursed loans.
Managing Director Ashwini Tewari said the sanctioned loan book includes around Rs 1.5 lakh crore of project loans.
The management also highlighted that the bank is undertaking a nationwide deposit mobilisation exercise under its ABCD initiative — “All Branches Should Contribute to Deposits”.
SBI said it is progressing towards becoming a “digital-first” institution, while continuing to strengthen customer protection systems.
As of December 31, 2025, the bank’s overall capital adequacy ratio stood at 14.04 per cent, with core Tier-1 capital at 10.99 per cent.
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Abhay Shukla
Abhay Shukla
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