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SBI Q4 Results: At Rs 19,684 crore, PAT misses Street estimates; shares take worst hit in 2 years
India's largest bank by assets, SBI reported quarterly headline numbers that missed analysts' expectations. Read on to learn about the PSU bank's latest earnings report in detail.
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State Bank of India's net non-performing assets remained unchanged at 0.39 per cent in Q4 as in the previous quarter.
Written By: Sandeep Singh
Updated: Fri, May 08, 2026
04:00 PM IST
04:00 PM IST
New Delhi, ZeeBiz WebDesk
State Bank of India -- the country's largest lender -- on Friday reported a net profit of Rs 19,683.8 crore for the quarter ended March 31, missing analysts' expectations. The net profit increased 5.6 per cent over the corresponding period a year ago. SBI shares plunged after the earnings announcement, falling as much as 7.4 per cent to Rs 1,011.3 apiece in intraday trade before closing 6.6 per cent lower for the day at Rs 1,019.6 apiece on BSE.
That marked the steepest fall in SBI shares since June 4, 2024.
SBI Q4 FY26 Results: Net interest income and net interest margin vs estimates
Its net interest income (NII) -- a key measure of a commercial bank's income -- increased 4.1 per cent on a year-on-year basis to Rs 44,380 crore, according to a regulatory filing.
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Both headline numbers failed to keep up with analysts' estimates.
According to Zee Business research, SBI was estimated to report a net profit of Rs 20,030 crore and NII of Rs 46,940 crore.
The bank's net interest margin (NIM) -- a key measure of profitability -- came in at 2.93 per cent as against 3.14 per cent a year ago, according to the filing.
ALSO READ: SBI declares Rs 17.35 final dividend for FY26
SBI asset quality
The bank's asset quality improved. Its gross non-performing assets (GNPAs) stood at 1.49 per cent of its total loans for the March quarter, versus 1.57 per cent in the previous three months.
Its net non-performing assets (NNPAs) remained unchanged sequentially at 0.39 per cent.
The bank's provisions stood at Rs 2,872 crore in Q4 FY26, as against Rs 4,507 crore three months ago and Rs 6,442 crore a year ago.
Its slippage ratio for the quarter stood at 0.47 per cent, rising by 7 basis points over the previous three months.
The slippage ratio is a key metric that determines the rate at which a bank's assets turn bad. A lower slippage ratio signals stronger risk management.
SBI deposits and advances
The bank said its deposits stood at Rs 59.8 lakh crore while its advances were at Rs 49.3 lakh crore, according to a statement.
Deposits and gross advances rose 11.0 per cent and 16.9 per cent, respectively.
Its domestic current account and savings account (CASA) deposits grew 9.5 per cent to Rs 22.62 lakh crore.
For the March quarter, the bank's CASA ratio stood at 39.46 per cent, marking a sequential increase of 33 bps and a year-on-year decline of 51 bps.
A higher CASA ratio indicates a lower cost of funds.
SBI FY26 results
For the year ended March 31, SBI registered a net profit of Rs 80,032 crore, marking a rise of 12.9 per cent over the previous year.
Its net interest income grew 4.1 per cent to Rs 1,73,120 crore in FY26.
The lender's domestic net interest margin stood at 3.03 per cent for the year.
SBI shares vs Nifty 50 vs Nifty Bank
SBI shares finished the week 5.6 per cent lower, while the Sensex logged a weekly loss of 413.9 points or 0.5 per cent.
At this level, the stock is left with a gain of 3.4 per cent so far this year, outperforming losses of around 7.5 per cent each in the Nifty 50 and Nifty Bank indices, respectively.
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Sandeep Singh
Sandeep Singh
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