SBI Share Price Surges to Record High After Highest-Ever Q3 Profit

SBI’s Record-Breaking Q3FY26 Net Profit

SBI reported a standalone net profit of ₹21,028.15 crore for Q3FY26, representing a 24.49% year-on-year (YoY) growth. This marks the highest quarterly profit in the bank’s history. The strong performance was driven by steady growth in Net Interest Income (NII) and Non-Interest Income, supported by improved operating efficiency and well-contained credit costs.

The bank’s Operating Profit, measured before provisions and contingencies, rose 39.54% YoY to ₹32,862 crore, reflecting better leverage in its business model. Net Interest Income (NII) increased 9.04% YoY to ₹45,190 crore, demonstrating resilience in lending operations amid a competitive environment. For the first nine months of FY26, SBI reported a Return on Assets (ROA) of 1.16% and a Return on Equity (ROE) of 20.68%, underlining strong overall profitability.

SBI’s Margins Remain Stable Amid Growth

SBI maintained stable margins during the quarter, with the Whole Bank Net Interest Margin (NIM) at 2.99% and Domestic NIM at 3.12%. Stable margins, combined with rising loan growth, helped the bank achieve strong profitability despite market challenges.

Loan Growth Accelerates; Guidance Upgraded

The bank’s loan growth momentum was strong across segments. Whole Bank advances grew 15.14% YoY, surpassing ₹46.8 lakh crore, while domestic advances were led by the SME segment, which jumped 21.02% YoY to cross ₹6 lakh crore.

Retail Personal Advances increased 14.95% YoY to approximately ₹16.6 lakh crore, with Home Loans remaining a key driver, accounting for a 27.9% market share. 

Management also raised its domestic loan growth guidance to 13-15% from 12-14%, citing strong traction across segments.

Deposits Cross ₹57 Trillion

SBI’s total deposits grew 9.02% YoY, crossing ₹57 trillion, supported by a 10.32% YoY increase in Current Account (CA) balances. The CASA ratio remained healthy at 39.13%.

Asset Quality at Decadal Lows

The bank reported industry-leading asset quality, with Non-Performing Asset (NPA) ratios at the lowest levels in over two decades. Gross NPA (GNPA) ratio improved to 1.57%, down 50 basis points YoY, while Net NPA (NNPA) ratio stood at 0.39%, improving 14 basis points YoY.

Provision Coverage Ratio (PCR) reached 75.54%, and when including Auction Under Recovery Accounts (AUCA), it rose to 92.37%. Credit costs were contained at 0.29% for the quarter. Strong asset quality combined with healthy provisioning provides comfort to investors and regulators alike.

During the quarter, SBI achieved a significant milestone, with its total business crossing ₹103 trillion. 

SBI’s Digital Leadership Drives Efficiency

SBI continued to expand its digital footprint, with 98.6% of all transactions occurring through alternate channels. Its flagship platform, YONO, now has 9.65 crore registered users, with 68% of all new savings accounts in Q3FY26 opened through YONO. The New YONO application has already crossed 3 crore registrations, highlighting the bank’s strong push toward digital adoption and customer engagement.

SBI Capital Position

SBI remains well-capitalized to support growth, reporting a Capital Adequacy Ratio (CAR) of 14.04% and a CET-1 ratio of 10.99%. Including profits from the first nine months of FY26, the total CRAR would improve further to 15.62%.

ESG and Sustainability Commitments

As part of its “Banking with a Purpose” initiative, SBI has integrated Environmental, Social, and Governance (ESG) goals into its strategy. The bank has financed over 49 GW of renewable energy capacity and targets Net Zero emissions by 2055. During the first nine months of FY26, CSR spending totaled ₹616 crore, focusing on education, healthcare, and livelihood projects, further strengthening the bank’s social impact.

SBI Share Price Surges to Record High

The State Bank of India (SBI) shares jumped almost 7% on February 9, reaching a new 52-week high of ₹1,139.70 on the NSE, following the announcement of the bank’s highest-ever quarterly profit for Q3FY26.

At 11:46 am, SBI was trading at ₹1,138.10, up 6.72%, reflecting investor optimism fueled by robust loan growth and stable asset quality. In the last one year period, the stock price has gained 54.53%, while in the last 3 years it has given returns of 106.83%.