SBI Q1 Results: Results of the country's largest bank released - profit growth higher than expected, but...

News Topical, Digital Desk : SBI Q1 Results: State Bank of India (SBI) has released the results for the first quarter (Q1) of the financial year 2025-26. The company has informed in the exchange filing that its profit has increased to Rs 19,160 crore. This profit is more than the experts' estimate of Rs 16,664 crore.

This shows an increase of 12.4% compared to Rs 17,035 crore recorded in the same quarter last year. There has been a slight improvement in the bank's gross NPA (non-performing assets), which has increased from 1.82% in the previous quarter to 1.83%, while the net NPA remained stable at 0.47%.

Talking about the bank's provisioning expenses, it was Rs 4,759 crore, which was more than expected. Compared to the previous quarter, it has decreased significantly from Rs 6,441 crore. Net interest income (NII) was Rs 41,072 crore, which is close to the estimated Rs 41,650 crore. Due to this performance, there is instability in the bank's earnings. State officials have said that strong increase in profits and controlled provisioning reflect the better position of the bank. There is still a need to be cautious on the level of NPA. After this result, investors' interest in SBI shares is likely to increase, especially when the entire banking sector is carefully monitoring the performance of the upcoming quarters. 

Increase in slippages ratio According to NIM data, SBI's net interest margin (NIM) remained stable at 2.90%, which is in line with the estimated 2.90%. But slightly lower than the 3% of the previous quarter. Credit cost was recorded at 0.47% in Q1FY26. Slippages ratio has increased by 0.09% to 0.75%. Gross advances have increased by 11.6%. It has now reached Rs 42.54 lakh crore. Fresh slippages have also increased to Rs 7,945 crore, while new slippages have increased from Rs 4,222 crore to Rs 7,945 crore. Apart from this, deposits have also seen an increase of 11.6%, which has now reached Rs 54.73 lakh crore.

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