SBI Q2 FY27 results: what the bank reported
State Bank of India filed its unaudited standalone and consolidated results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on 3 November 2026, the day its Central Board approved them, along with a press release.
Published 5 November 2026 · Potoos Research Services
In short. For July to September 2026, SBI reported a standalone net profit of Rs 23,037.95 crore, up 14.3% from Rs 20,159.67 crore a year earlier. That profit includes a one-time gain of Rs 7,288.47 crore (before tax) from selling part of its stake in SBI Funds Management Limited. The gross NPA ratio was 1.39%, against 1.73% a year earlier.
The quarter in numbers
All figures are in Rs crore, as printed in the bank's results statement. For a bank, the main income line is interest earned, the interest it collects on loans and investments. Standalone means State Bank of India on its own. Consolidated adds its subsidiaries, joint ventures and associates. The change column is worked out by us.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Interest earned | 1,32,018.55 | 1,19,516.87 | +10.5% |
| Total income (interest earned plus other income) | 1,43,796.01 | 1,34,979.47 | +6.5% |
| Exceptional items (one-time gain, before tax) | 7,288.47 | 4,593.22 | see below |
| Net profit for the period | 23,037.95 | 20,159.67 | +14.3% |
| Basic EPS (Rs) | 24.96 | 22.00 | +13.5% |
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Interest earned | 1,41,073.34 | 1,27,903.44 | +10.3% |
| Total income | 1,87,756.19 | 1,75,897.79 | +6.7% |
| Net profit for the period | 25,741.47 | 21,504.49 | +19.7% |
| Net profit after minority interest (owners’ share) | 25,361.16 | 21,137.33 | +20.0% |
| Basic EPS (Rs) | 27.47 | 22.81 | +20.4% |
EPS is for the quarter, not annualised, as the filing states. The consolidated owners’ share is the net profit plus the share in profit of associates, minus the part that belongs to minority shareholders of subsidiaries.
The first half: April to September
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Interest earned | 2,59,915.01 | 2,37,347.15 | +9.5% |
| Total income | 2,87,615.16 | 2,70,321.03 | +6.4% |
| Net profit for the period | 44,159.17 | 39,320.11 | +12.3% |
| Basic EPS (Rs) | 47.84 | 43.47 | +10.1% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Interest earned | 2,77,313.83 | 2,53,466.52 | +9.4% |
| Total income | 3,67,818.05 | 3,42,889.61 | +7.3% |
| Net profit for the period | 50,320.51 | 43,131.13 | +16.7% |
| Net profit after minority interest (owners’ share) | 49,474.16 | 42,338.80 | +16.9% |
| Basic EPS (Rs) | 53.60 | 46.81 | +14.5% |
Bad loans and capital
These lines are reported for the bank on its own (standalone), as at the last day of the quarter. The consolidated statement does not give them. For the ratio lines, the change is shown in percentage points.
| Item | 30 Sep 2026 | 30 Sep 2025 | Change |
|---|---|---|---|
| Gross NPAs (Rs crore) | 72,529.08 | 76,243.04 | −4.9% |
| Net NPAs (Rs crore) | 18,546.11 | 18,459.92 | +0.5% |
| Gross NPAs, % of gross advances | 1.39% | 1.73% | −0.34 points |
| Net NPAs, % of net advances | 0.36% | 0.42% | −0.06 points |
| Capital adequacy ratio (Basel III) | 16.09% | 14.62% | +1.47 points |
The filing labels the two NPA ratio rows “% of gross NPAs” and “% of net NPAs”. A lower NPA ratio means a smaller share of loans has stopped being repaid.
The one-time gain in this quarter
The standalone profit includes an “exceptional item” of Rs 7,288.47 crore. In the bank's own words, from note 10 of the results:
“Pursuant to regulatory approval obtained from the Reserve Bank of India, the Bank has divested its 6.30% stake comprising 12,83,34,397 equity shares in SBI Funds Management Limited (a subsidiary) through pre-IPO and Offer for Sale under IPO. Consequently, the stake of Bank in SBI Funds Management Limited stands at 55.56% as on 30th September 2026.”
State Bank of India, results filing, 3 November 2026, note 10
The same quarter last year also had a one-time gain: Rs 4,593.22 crore (before tax) from selling a 13.18% stake in Yes Bank Ltd. So both quarters in the table above include a stake-sale gain. In the consolidated results the gains are Rs 6,879.26 crore this year and Rs 3,026.57 crore last year, after accounting adjustments the notes describe.
The notes also say the bank sold part of its stake in National Stock Exchange (post-tax profit of Rs 2,409.63 crore) and in ARCIL (Rs 81.46 crore) in September 2026. Under RBI rules these profits went straight to the capital reserve, not through the profit and loss account, so they are not in the profit figures on this page.
What the bank said
These are the bank's own words, from the press release it filed with NSE on 3 November 2026.
“Net Profit for Q2FY27 stands at ₹23,038 crores witnessing a growth of 14.28% YoY.”
State Bank of India press release, 3 November 2026
“Net Interest Income (NII) for Q2FY27 increased by 14.69% YoY.”
State Bank of India press release, 3 November 2026
“Gross NPA Ratio at 1.39% improved by 34 bps YoY.”
State Bank of India press release, 3 November 2026
The press release rounds to the nearest crore: Rs 23,037.95 crore in the results is ₹23,038 crore. Net interest income is interest earned minus interest expended. From the standalone statement that is Rs 1,32,018.55 crore minus Rs 82,875.70 crore, or Rs 49,142.85 crore for the quarter.
Dates
- Central Board meeting: 3 November 2026 (started 10:00 am, the results agenda concluded 1.40 pm). The board approved the results that day.
- Filed with NSE: 3 November 2026, with the press release the same day.
- Auditors: the bank's cover letter says the Limited Review Report of the Statutory Central Auditors “contains unmodified opinion”.
- Dividend: none declared in this filing.
Interest earned: the interest a bank collects on its loans, investments and money placed with RBI and other banks. It is a bank's version of revenue.
Standalone and consolidated: standalone covers State Bank of India alone. Consolidated adds the group: the filing says 27 subsidiaries, 5 joint ventures and 12 associates, including insurance and fund management businesses.
NPA (non-performing asset): a loan on which repayments have stopped for a set period, usually 90 days. Gross NPA is the full amount of such loans. Net NPA is what is left after the money the bank has already set aside (provisions) for them.
Capital adequacy ratio: the bank's own capital as a share of its risk-weighted loans and assets. RBI sets a minimum level.
Exceptional item: a large one-time gain or cost, shown on its own line so it does not mix with the regular business.
Rs crore: one crore is one hundred lakh, or ten million rupees. The filing reports in crore, so this page does too.
Sources
- State Bank of India, outcome of board meeting with unaudited standalone and consolidated results and limited review report, 3 November 2026. nsearchives.nseindia.com
- State Bank of India, press release on Q2FY27 results, 3 November 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the bank's filing, and every percentage change is worked out from the filing's own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
How much profit did SBI make in Q2 FY27?
Standalone net profit for July to September 2026 was Rs 23,037.95 crore, against Rs 20,159.67 crore a year earlier, a change of +14.3%. Consolidated net profit after minority interest was Rs 25,361.16 crore, against Rs 21,137.33 crore.
Why does SBI's Q2 FY27 profit include a one-time gain?
The bank sold a 6.30% stake in SBI Funds Management Limited through the pre-IPO round and the offer for sale in its IPO. The standalone pre-tax profit on that sale, Rs 7,288.47 crore, is shown as an exceptional item. The year-ago quarter had a Rs 4,593.22 crore gain from selling a stake in Yes Bank.
What were SBI's NPA ratios on 30 September 2026?
Gross NPAs were 1.39% and net NPAs were 0.36% (standalone), against 1.73% and 0.42% on 30 September 2025.
Did SBI declare a dividend with these results?
No dividend was declared in the 3 November 2026 results filing.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.