SBI Q4 results 2026: Profit rises 6% YoY to ₹19,684 crore, NIM shrinks- Key takeaways

SBI Q4 results 2026: India's largest bank by assets, State Bank of India (SBI), on Friday, 8 May, reported a 5.6% year-on-year (YoY) rise in standalone net profit for the January-March quarter of the financial year 2026 (Q4FY26) to ₹19,683.75 crore. In the corresponding quarter of the previous financial year, the PSU bank's profit was ₹18,642.59 crore.

However, sequentially, or on a quarter-on-quarter (QoQ) basis, profit declined 6.4% as in Q3FY26, SBI's profit was ₹21,028.15 crore.

Operating profit declined 11.45% YoY and 15.70% QoQ to ₹27,704 crore.

For the entire financial year 2026, SBI's profit rose by nearly 13% YoY to ₹80,032.01 crore from ₹70,900.63 crore in FY25.

Meanwhile, SBI announced a dividend of ₹17.35 per share. The record date for the purpose is 16 May, while the dividend payment date is 4 June.

SBI Q4 results: Key takeaways

NII and NIM

SBI's net interest income (NII) rose by 4.13% YoY but declined by 1.35% QoQ to ₹44,380 crore.

On the other hand, domestic NIM (net interest margin) decreased by 21 basis points YoY and 18 basis points QoQ to 2.93%.

Advances

Gross advances saw a decent 16.87% YoY and 5.32% QoQ growth, standing at ₹49,32,627 crore. Domestic corporate advances rose by 14.83% YoY and 6.83% QoQ to ₹14,24,589 crore. Home loans grew by 13.66 % YoY and 3.88% QoQ to ₹9,44,210 crore.

Deposits

Overall deposits saw a growth of 11.03% YoY and 4.81% QoQ to ₹59,75,642 crore.

Domestic CASA increased by 9.53% YoY and 5.71% QoQ to 22,62,011 crore. CASA ratio, however, declined by 51 bps YoY but rose by 33 bps QoQ to 39.46%.

Asset quality

The bank's gross NPA declined by 4.46% YoY and 0.25% QoQ to ₹73,452 crore. Thus, gross NPA ratio improved by 33 bps YoY to 1.49%.

Net NPA also declined by 4.25% YoY but increased by 4.54% QoQ to ₹18,830 crore. Net NPA ratio improved by 8 bps YoY to 0.39%.

Provision coverage ratio (PCR), including AUCA, stood at 91.97%, falling 11 bps YoY and 40 bps QoQ. Slippage ratio for Q4FY26 stood at 0.47%, up 5 bps YoY and 7 bps QoQ.

SBI share price crashed more than 7% in intraday trade on Friday after the announcement of Q4 results.

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