Archive · 7 Aug 2026
SBI Q1 FY27 Profit Rises 12% To ₹24,113 Crore
State Bank of India is one of the biggest banks in the country.
It keeps people's money safe and lends it to people who want to buy homes or start businesses.
On 7 August 2026, SBI announced how much money it made in the three months from April to June 2026.
The bank earned a profit of ₹24,113 crore, which is a really big amount of money.
That is 12 percent more than it earned in the same three months last year, so the bank did better.
Its total income also grew, reaching ₹1,80,061.86 crore.
The bank also spent more money this year than last year on running its business.
For every share of the bank, it earned about ₹21.28 this quarter.
SBI keeps some money aside as a safety backup in case loans are not paid back.
Overall, the announcement shows the bank is making more money than before.
State Bank of India reported a consolidated net profit of ₹24,113 crore for the quarter ended 30 June 2026, up 12.08% from ₹21,519.04 crore a year earlier.
Total consolidated income rose 8.52% year-on-year to ₹1,80,061.86 crore, but declined 0.56% sequentially from ₹1,81,079.02 crore.
Total consolidated expenses increased to ₹1,51,312.12 crore from ₹1,32,499.16 crore in the year-ago quarter.
Basic and diluted EPS before extraordinary items stood at ₹21.28, compared with ₹23.76 in the year-ago quarter (the article describes this as a rise despite the lower figure).
The Provision Coverage Ratio stood at 74.20% (91.82% including AUCA), and allotments of SBI Life shares reduced SBI's stake from 55.33% to 55.32%.
- Who
- State Bank of India (SBI), which announced its consolidated financial results.
- What
- SBI reported a 12.08% rise in consolidated net profit to ₹24,113 crore for the quarter ended 30 June 2026.
- When
- Announced on 7 August 2026, covering the first quarter of fiscal year 2027 (April-June 2026).
- Where
- Mumbai, India.
- Why
- The results reflect the bank's quarterly performance, with total consolidated income rising 8.52% year-on-year to ₹1,80,061.86 crore.
- Bank
- State Bank of India (SBI)
- Quarter
- Q1 FY27 (quarter ended 30 June 2026)
- Consolidated Net Profit
- ₹24,113 crore (up 12.08% YoY)
- Year-Ago Net Profit
- ₹21,519.04 crore
- Total Consolidated Income
- ₹1,80,061.86 crore (up 8.52% YoY)
- Basic EPS (Before Extraordinary Items)
- ₹21.28
- Provision Coverage Ratio
- 74.20%; 91.82% including AUCA
- Announcement Date
- 7 August 2026, Mumbai