SBI Q1 profit rises 13.7 pc to Rs 24,113 cr

MUMBAI: The country's largest lender, State Bank of India (SBI) on Friday posted 13.73 per cent rise in its June quarter consolidated net profit at Rs 24,113 crore.

The bank had logged a net profit of Rs 21,201.47 crore in the year-ago period and Rs 19,642.87 crore in the preceding March quarter.

On a standalone basis, the bank's net profit grew 10.23 per cent on-year to Rs 21,121.22 crore as against Rs 19,160.44 crore in April-June 2025, a regulatory filing said.

Total income rose to Rs 1.43 lakh crore from Rs 1.35 lakh crore a year ago, while total expenditure was up at Rs 1.10 lakh crore from Rs 1.04 lakh crore.

Provisions for non-performing assets reduced to Rs 3,359 crore in June quarter from Rs 4,934 crore a year ago, but were higher than Rs 3,140 crore in the quarter-ago period.

Gross non-performing assets ratio improved to 1.47 per cent as on June 30, 2026 from 1.49 per cent at March-end and 1.83 per cent a year ago.

The bank's overall capital adequacy ratio stood at 15.67 per cent as on June 30, including the core buffer of 12.89 per cent.

The SBI scrip was trading 2.13 per cent up at Rs 1,108 on the BSE.