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SBI Q2 FY26 Results

Net Profit up 10% to ₹20,160 Cr with business crossing ₹100 Trillion milestone

SBI Q2 FY26 Financial Results Analysis
SBI Q2 FY26 financial results analysis with business crossing ₹100 Trillion and strong performance across all banking segments
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+0.72% increased today
04 Nov - 4:01 p.m.

Financial Performance Overview

Mumbai, India, November 4, 2025: State Bank of India (SBI), India's largest public sector bank, announced its financial results for the quarter ended 30th September 2025, achieving significant milestones with business crossing ₹100 Trillion and delivering strong performance across all banking segments.

📊 Key Financial Highlights (Q2 FY26)

Net Profit
₹20,160 Cr
+10% YoY
Operating Profit
₹31,904 Cr
+8.91% YoY
Net Interest Income
₹42,984 Cr
+3.28% YoY
Domestic NIM
3.09%
Strong
H1 ROE
20.21%
Excellent
H1 ROA
1.15%
Strong

📈 Quarterly Performance Comparison

Financial Metric Q2 FY25 Q1 FY26 Q2 FY26 YoY Change
Net Profit (₹ Cr) 18,331 19,160 20,160 +9.97%
Operating Profit (₹ Cr) 29,294 30,544 31,904 +8.91%
Net Interest Income (₹ Cr) 41,620 41,072 42,984 +3.28%
Domestic NIM (%) 3.27 3.02 3.09 -18 bps

Business Performance Highlights

🏦 Business Growth & Milestones

  • ✓ Business crossed ₹100 Trillion - Major milestone achievement
  • ✓ RAM Portfolio crossed ₹25 Trillion - Strong retail focus
  • ✓ Whole Bank Advances growth: 12.73% YoY to ₹44,19,674 Cr
  • ✓ Domestic Advances growth: 12.32% YoY
  • ✓ Foreign Offices' Advances: 15.04% YoY growth
  • ✓ Whole Bank Deposits: 9.27% YoY to ₹55,91,700 Cr
  • ✓ CASA Deposit growth: 8.06% YoY to ₹21,24,266 Cr
  • ✓ CASA Ratio: 39.63% as on 30th September 2025

    • 📊 Segment-wise Advances Growth

    Retail Advances
    15.09%
    YoY Growth
    SME Advances
    18.78%
    YoY Growth
    Agri Advances
    14.23%
    YoY Growth
    Retail Personal
    14.09%
    YoY Growth
    Corporate Advances
    7.10%
    YoY Growth
    Home Loans
    15.22%
    YoY Growth

    Asset Quality Improvement

    ✅ Asset Quality Metrics

    Gross NPA Ratio
    1.73%
    -40 bps YoY
    Net NPA Ratio
    0.42%
    -11 bps YoY
    PCR (with AUCA)
    92.29%
    +8 bps YoY
    PCR (without AUCA)
    75.79%
    +13 bps YoY
    Slippage Ratio (Q2)
    0.45%
    -6 bps YoY
    Credit Cost (Q2)
    0.39%
    +1 bp YoY

    Capital Adequacy & Digital Transformation

    💳 Capital & Digital Metrics

    CAR
    14.62%
    +86 bps YoY
    CET-1 Ratio
    11.47%
    +152 bps YoY
    Tier-1 Ratio
    12.67%
    +135 bps YoY
    Digital SB Accounts
    64%
    Via YONO
    Alternate Channels
    98.6%
    Total Transactions
    Channel Growth
    +0.4%
    H1 YoY

    Detailed Financial Performance

    📋 Profit & Loss Statement (₹ in Crores)

    Particulars Q2 FY25 Q1 FY26 Q2 FY26 YoY % H1 FY25 H1 FY26 YoY %
    Interest Income 1,13,871 1,17,996 1,19,654 5.08 2,25,397 2,37,650 5.44
    Interest Expenses 72,251 76,923 76,670 6.12 1,42,652 1,53,593 7.67
    Net Interest Income 41,620 41,072 42,984 3.28 82,745 84,057 1.59
    Operating Profit 29,294 30,544 31,904 8.91 55,742 62,449 12.03
    Loan Loss Provisions 3,631 4,934 4,132 13.81 8,149 9,066 11.26
    Profit After Tax 18,331 19,160 20,160 9.97 35,367 39,320 11.18

    Balance Sheet Growth

    📈 Balance Sheet Highlights (₹ in Crores)

    Particulars Sep 24 Jun 25 Sep 25 YoY % QoQ %
    Gross Advances 39,20,719 42,54,516 44,19,674 12.73 3.88
    Domestic Corporate 11,57,171 12,03,430 12,39,346 7.10 2.98
    Domestic Retail Personal 13,96,624 15,39,878 15,93,360 14.09 3.47
    Home Loans 7,64,141 8,50,856 8,80,422 15.22 3.47
    Deposits 51,17,285 54,73,254 55,91,700 9.27 2.16
    Domestic CASA 19,65,899 20,68,527 21,24,266 8.06 2.69
    Domestic Term Deposits 29,44,629 31,86,346 32,36,366 9.91 1.57

    Stock Performance & Key Metrics

    💹 SBI Stock Analysis

    Market Cap
    ₹8,82,905 Cr
    Current Price
    ₹957
    52W High / Low
    ₹959 / ₹680
    Stock P/E
    11.2
    Industry P/E
    8.08
    Book Value
    ₹617
    Dividend Yield
    1.66%
    ROCE
    6.47%
    ROE
    17.2%
    Face Value
    ₹1.00
    EPS
    ₹89.7
    Debt to Equity
    11.1
    Total Debt
    ₹63,05,863 Cr

    About State Bank of India

    🏢 Company Overview

    State Bank of India (SBI) is India's largest public sector bank and a Fortune 500 company. SBI provides a wide range of banking products and financial services to corporate and retail customers.

    🎯 Business Highlights

  • Core Business: Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management
  • Market Leadership: Largest bank in India by assets, deposits, branches, customers and employees
  • Global Presence: Operations in 31 countries with 229 offices
  • Branch Network: Over 22,000 branches and 62,000+ ATMs across India
  • Digital Banking: YONO platform with over 60 million users
  • Subsidiaries: SBI Cards, SBI Life Insurance, SBI Mutual Fund, SBI Capital Markets
  • Employee Strength: Over 2.5 lakh employees serving 48 crore customers

    • Overall Performance Assessment: SBI delivered a strong Q2 FY26 performance with 10% net profit growth and achieving the significant milestone of business crossing ₹100 Trillion. The bank demonstrated robust advances growth of 12.73% YoY, continued improvement in asset quality with Gross NPA reducing to 1.73%, and maintained healthy capital adequacy at 14.62%. The digital transformation journey continues with 64% of savings accounts opened through YONO and 98.6% of transactions through alternate channels. The stock trades at a P/E of 11.2, above the industry average of 8.08, reflecting the bank's market leadership, strong fundamentals, and growth trajectory in the banking sector.

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    Disclaimer

    This article is for educational purposes only and does not constitute investment advice. The financial data and analysis mentioned are based on company filings and market observations. Always verify current information from official sources before investing. Stock market investments carry risks including liquidity risk, volatility, and capital loss risk. Always do your own research and consider consulting with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.