SBI (State Bank of India)'s Q1 FY 2025-26 Quarterly Results

Result Summary

• SBI (State Bank of India) reported a 1.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 9.8%.
• Its expenses for the quarter were down by 0.9% QoQ and up 9.2% YoY.
• The net profit decreased 0.4% QoQ and increased 10.1% YoY.
• The earnings per share (EPS) of SBI (State Bank of India) stood at 23.8 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

State Bank of India (SBI) is one of the largest banking and financial services organizations in India. It operates across various segments including retail banking, corporate banking, and treasury. SBI provides a wide range of services such as personal banking, loans, insurance, investment services, and credit cards. It plays a significant role in the Indian banking industry due to its extensive network of branches and ATMs across the country. As of the latest updates, there are no major developments provided in the data that indicate specific changes or strategies undertaken by the bank.

Revenue

In Q1FY26, SBI reported a total income of ₹166,991.82 crores, reflecting a quarter-over-quarter (QoQ) increase of 1.3% compared to ₹164,914.36 crores in Q4FY25. Year-over-year (YoY), the total income increased by 9.8% from ₹152,125.05 crores in Q1FY25. This growth in total income indicates that the bank has managed to increase its revenue streams over the past year, maintaining a positive trajectory on a sequential basis as well.

Profitability

SBI's profit before tax (PBT) for Q1FY26 stood at ₹29,229.12 crores, marking a 1.3% increase from ₹28,851.86 crores in Q4FY25 and a 10.6% increase from ₹26,427.77 crores in Q1FY25. The profit after tax (PAT) for the same period was ₹22,121.38 crores, showing a slight decrease of 0.4% from ₹22,202.73 crores in the previous quarter, but an increase of 10.1% from ₹20,094.36 crores in the corresponding quarter of the previous year. The tax expense for Q1FY26 was ₹7,602.48 crores, a QoQ increase of 6.8% and a YoY increase of 12.7%. Earnings per share (EPS) for the quarter was ₹23.80, down by 0.8% QoQ but up by 10.2% YoY.

Operating Metrics

Total expenses for SBI in Q1FY26 were ₹132,499.16 crores, which is a decrease of 0.9% from the previous quarter's expenses of ₹133,670.97 crores. On a year-over-year basis, the expenses increased by 9.2% from ₹121,289.66 crores in Q1FY25. Provisions and contingencies saw a significant increase of 120.1% QoQ to ₹5,263.54 crores from ₹2,391.53 crores in Q4FY25, and a 19.4% increase YoY from ₹4,407.62 crores. This sharp rise in provisions suggests adjustments in the bank's risk management strategy during this period.