SBI Q1 Results FY27: Net Profit Rises 10% to ₹21,121 Crore as Business Crosses ₹110 Lakh Crore

SBI Reports Strong Q1 FY27 Performance

State Bank of India (SBI), India's largest public sector bank, delivered another strong quarterly performance for Q1 FY27. The bank reported healthy growth in profitability, strong loan expansion, improving asset quality, and continued momentum in digital banking.

Net profit crossed ₹21,000 crore during the quarter while the bank's total business exceeded the ₹110 lakh crore milestone.

Q1 FY27 Financial Highlights

SBI reported solid growth across its key financial metrics.

Net Profit: ₹21,121.22 Crore (+10.23% YoY)

Interest Income: ₹46,992 Crore (+14.88% YoY)

Total Business: ₹110 Lakh Crore+

Gross Advances Growth: +18.6% YoY

Total Deposits: ₹60.06 Lakh Crore

CASA Deposits: ₹22.61 Lakh Crore

CASA Ratio: 39.24%

Asset Quality Continues to Improve

SBI further strengthened its balance sheet by improving its asset quality.

Gross NPA (GNPA): 1.47%

Net NPA: 0.38%

Provision Coverage Ratio (Including AUCA): 91.82%

Credit Cost: 0.27%

Although fresh slippages increased during the quarter, the overall non-performing asset ratios remained under control.

Loan Growth Remains Healthy

The bank continued to witness broad-based growth across lending segments.

Domestic Advances: +18.15%

Retail Personal Loans: +15.15%

Corporate Loans: +18.05%

SME Loans: +22.33%

Agriculture Loans: +25.43%

Foreign Office Advances: +21.38%

The diversified loan growth indicates healthy credit demand across multiple sectors of the economy.

Strong Capital Position

SBI further strengthened its capital adequacy during the June quarter.

CRAR: 15.67%

CET-1 Ratio: 12.89%

Tier-1 Ratio: 13.90%

Return on Assets (ROA): 1.11%

Return on Equity (ROE): 17.87%

The improvement in capital ratios provides additional financial flexibility to support future business growth.

Digital Banking Continues to Expand

SBI continued to accelerate its digital transformation.

Key digital highlights include

• Over 64% of new savings accounts were opened through the YONO platform.
• Around 98.8% of customer transactions were completed through digital and alternate channels.
• Continued focus on technology-led banking helped improve operational efficiency.

SBI Share Price Outlook

Following the quarterly results, SBI shares remained in focus.

Technical analysts believe the stock continues to trade within a broader consolidation range.

Immediate Resistance: ₹1,115–₹1,135

A sustained breakout above this zone could improve the medium-term technical outlook.

Key Takeaways

• SBI reported 10.23% YoY growth in Q1 FY27 net profit.
• Interest income increased nearly 15% to ₹46,992 crore.
• Total business crossed ₹110 lakh crore.
• Asset quality improved with lower GNPA and Net NPA ratios.
• Loan growth remained strong across retail, SME, agriculture, and corporate segments.
• Digital banking adoption continued to increase through the YONO platform.
• Capital adequacy ratios strengthened further during the quarter.

Disclaimer

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