SBI Reports 13% Rise in FY26 Net Profit, Q4 Profit Up 6%

State Bank of India (SBI) reported a 13% year-on-year increase in standalone profit after tax for fiscal year 2026, reaching ₹80,032 crore, with fourth-quarter PAT rising 6% to ₹19,684 crore. The bank's net interest income for the year grew 4.08% to ₹173,120 crore, while total income for FY26 rose 5% to ₹551,648 crore despite a 2.4% year-on-year decline in Q4 to ₹140,412 crore.

Net interest margin for the quarter fell to 2.93%, down 21 basis points from a year earlier, and for the full year stood at 3.03%, a drop of 18 basis points. Gross non-performing assets declined to ₹73,452 crore as of March 31, 2026, from ₹76,880 crore in the prior year, with net NPAs at ₹18,830 crore compared to ₹19,667 crore. The bank's provisions for NPAs in the quarter were ₹3,140 crore, lower than ₹3,964 crore a year ago, though annual provisions rose to ₹15,422 crore from ₹14,418 crore.

Advances grew 16.87% year-on-year, led by SME loans up 20.99%, agriculture loans up 19.68%, and retail advances up 17.11%. Corporate advances rose 14.83%, while deposits increased 11.03% year-on-year. Consolidated net profit for Q4 rose 1% to ₹20,161 crore, and for the full year reached ₹85,168 crore, up 8% from FY25.

The board approved a dividend of ₹17.35 per equity share. SBI shares ended 6.62% lower at ₹1,019.55 on the BSE following the earnings announcement.

The bank will file its detailed results with the stock exchanges and hold an investor briefing later today to discuss performance and outlook.