# SBI Q1 net profit jumps 10.2% to Rs 21,121 crore

2026-08-07T11:01:06+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

State Bank of India reported a standalone net profit of Rs 21,121 crore for the June quarter, up 10.2% from a year ago. Net interest income rose nearly 15% to Rs 46,992 crore, driven by 18.6% growth in gross advances. The bank's gross NPA ratio improved to 1.47% from 1.49% in the previous quarter. However, fresh slippages rose to Rs 7,359 crore from Rs 5,548 crore quarter-on-quarter, pushing the slippage ratio up. Provisions increased to Rs 5,047 crore from Rs 2,872 crore in the preceding quarter. The Hindu reports a consolidated net profit of Rs 24,113 crore, up 13.7%, attributing the difference to subsidiary income. SBI's domestic net interest margin stood at 3%, while whole-bank NIM expanded 5 basis points to 2.86%.

## Coverage

- livemint.com <https://www.livemint.com/market/stock-market-news/sbi-q1-results-net-profit-jumps-10-2-yoy-to-rs-21-121-crore-11786085819974.html>
- ndtvprofit.com <https://www.ndtvprofit.com/markets/sbi-share-price-gains-over-2-after-q1-results-heres-all-you-need-to-know-11878603#publisher=newsstand>
- thehindu.com <https://www.thehindu.com/business/markets/sbi-q1-profit-rises-14-to-24113-crore-on-better-core-income-lower-provisions/article71317239.ece>
- economictimes.indiatimes.com <https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-sees-broad-based-credit-growth-sticks-to-14-15-fy27-loan-growth-guidance/articleshow/133030731.cms>
- timesnownews.com <https://www.timesnownews.com/business-economy/markets/sbi-shares-jump-3-after-q1-net-profit-rises-10-to-rs-21121-crore-article-155361563>

Tags: business growth, net profit, NPAs, Q1 results, SBI, stock market
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