SBINBSEState Bank of IndiaMediumNeutral
Announced Fri, 8 May · 14:17 IST

Presentation Q4FY26 Results

Mgmt Guided Margin PressureInvestor Communications View source PDF

SBIN · price

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Price reaction · full curve 14 horizons · vs prior close
-10.8%1-day move
₹1092.90
prior close
₹1027.50
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-1.0+0.5+0.3-10.8-10.7-11.2-10.1-12.0-13.4-12.7-10.3-6.8
Up moveDown movePending
AI summary

SBI reported its highest ever annual net profit of Rs 80,032 crores for FY26, up 12.88% year-on-year, driven by higher Net Interest Income and Non-Interest Income. Total Business crossed Rs 109 Trillion with advances growing 16.87% to Rs 49.3 lakh crore and deposits at Rs 59.8 lakh crore. However, Net Interest Margin compressed to 2.91% (down 17 bps) reflecting the challenging interest rate environment. Asset quality improved significantly with GNPA at a two-decadal low of 1.49% and Net NPA at 0.39%, while the bank maintains strong provisions with additional buffers of Rs 29,713 crores not included in PCR. Capital adequacy strengthened to 15.40% with ROE at 18.57%.

Likely market impact

Strong profitability and asset quality improvements are positive signals, but the NIM compression indicates margin pressure that investors should monitor. The well-provisioned balance sheet and robust capital position provide a safety buffer.