Earnings Report
SBI Q3 net profit jumps 24% YoY, beats estimates on stronger income, better asset quality
This story was originally published at 14:03 IST on 7 February 2026
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MUMBAI – State Bank of India reported a net profit of INR 210.28 billion in Oct-Dec compared with that of INR 168.91 billion in the year-ago quarter. It also surpassed analysts' expectation of a net profit of INR 173.57 billion. The public sector lender's total income increased to INR 1.41 trillion from INR 1.28 trillion a year ago. Asset quality continued to improve with gross non-performing assets ratio easing to 1.57% on Dec 31 from 1.73% a quarter ago and 2.07% a year ago. Its net NPA ratio declined to 0.39% as on Dec. 31 against 0.42% a quarter ago and 0.53% a year ago. However, its provisions saw a spike to INR 45.07 billion against INR 9.11 billion a year ago. For the nine months ended December, SBI reported a net profit INR 603.48 billion agianst INR 522.58 billion a year ago.
* SBI Oct-Dec net profit INR 210.28 bln
* Analysts saw SBI Oct-Dec net profit at INR 173.57 bln
* SBI Oct-Dec net profit INR 210.28 bln vs INR 168.91 bln yr ago
* SBI Oct-Dec total income INR 1.41 tln vs INR 1.28 tln yr ago
* SBI Oct-Dec provisions INR 45.07 bln vs INR 9.11 bln yr ago
* SBI Oct-Dec NPA provisions INR 32.16 bln vs INR 23.05 bln yr ago
* SBI gross NPA ratio 1.57% on Dec 31 vs 1.73% qtr ago, 2.07% yr ago
* SBI net NPA ratio 0.39% on Dec 31 vs 0.42% qtr ago, 0.53% yr ago
* SBI Basel-III capital adequacy ratio 14.04% on Dec 31
* SBI provision coverage ratio 75.54% on Dec 31
* SBI Apr-Dec net profit INR 603.48 bln vs INR 522.58 bln yr ago
* SBI Apr-Dec total income INR 4.11 tln vs INR 3.80 tln yr ago
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