State Bank of India has informed the Exchange regarding Board meeting held on August 08, 2025.
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State Bank of India's board, at its meeting on August 8, 2025, approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, Net Profit rose about 12.5% year-on-year to Rs 19,160.44 crore (from Rs 17,035.16 crore a year ago), while Total Income grew roughly 10.3% to Rs 1,35,341.56 crore. Consolidated Net Profit stood at Rs 21,626.64 crore versus Rs 19,680.80 crore in the year-ago quarter. Asset quality improved, with Gross NPA at 1.83% (down from 2.21% YoY) and Net NPA at 0.47%; the Capital Adequacy Ratio strengthened to 14.63% (from 13.86% YoY). The statutory central auditors issued an unmodified (clean) limited review opinion. Separately, the bank completed a Rs 25,000 crore equity raise via QIB placement in July 2025 at Rs 817 per share, and sold its entire 14.96% stake in Jio Payments Bank to joint venture partner Jio Financial Services Ltd.
A steady quarter with double-digit profit growth, lower NPAs and stronger capital ratios signals healthy operational momentum for shareholders. The Rs 25,000 crore QIB fundraise boosts the bank's capital cushion for future lending growth, which is generally supportive of long-term value but slightly EPS-dilutive in the near term.