SBI Q3 Results FY26: Profit Rises to ₹21,028 Crore as Asset Quality Improves
Live Data (as of 10 Feb 2026)
Share price: ~₹1,144–₹1,146
1-day move after results: ~+7–7.5%
52-week high: ~₹1,148
Trend: Record high after earnings
Analyst stance: Multiple target upgrades; majority “Buy” ratings
Market Reaction:
SBI shares surged more than 7% after Q3 results, closing near a record high around ₹1,146, marking the biggest single-day gain in about 19 months.
Brokerages raised price targets following strong loan growth, improved asset quality, and better-than-expected profitability.
SBI Q3 Results for FY26 confirmed continued strength in India’s largest public sector bank, with net profit rising to ₹21,028 crore and asset quality improving further. The results reinforce the PSU banking leadership theme and support institutional capital flows into financial stocks.
SBI Q3 FY26 Live Earnings Snapshot
| Metric | Q3 FY26 | Q3 FY25 | YoY Change |
|---|---|---|---|
| Net Profit | ₹21,028 crore | ₹16,891 crore | +24% |
| Gross NPA Ratio | 1.57% | 2.07% | Improved |
| Capital Adequacy Ratio | 14.04% | 14.04% | Stable |
| Return on Assets | 1.19% | 1.04% | Improved |
Source: Official SBI exchange filing (Q3 FY26) :contentReference[oaicite:1]{index=1}
Table of Contents
- Key Highlights
- Quarterly Financial Performance
- Asset Quality Trends
- Operational Drivers
- Capital-Flow Impact
- Sector Positioning
- Key Risks
- Outlook
- Core Institutional Metrics
- FAQ
- Internal Links
- External Sources
Key Earnings Highlights
- Net profit rose to ₹21,028 crore in Q3 FY26.
- Gross NPA ratio improved to 1.57%.
- Return on assets increased to 1.19%.
- Capital adequacy remained strong at 14.04%.
Quarterly Financial Performance
SBI reported net profit of ₹21,028 crore for Q3 FY26, compared with ₹16,891 crore in the same quarter last year. The improvement reflects strong credit growth, stable margins, and lower stress levels across key loan segments.
Asset Quality Trends
The gross NPA ratio declined to 1.57%, compared with 2.07% a year earlier. Lower slippages and higher recoveries supported the improvement in asset quality.
Operational Drivers
- Retail and corporate credit growth.
- Improving asset quality across segments.
- Stable funding and capital ratios.
- Higher profitability metrics.
Where Institutional Money May Move
| Sector / Asset | Impact | Capital Flow Direction |
|---|---|---|
| PSU Banks | Strong earnings and improving NPAs | Positive inflows |
| Private Banks | Relative valuation competition | Selective rotation |
| NBFCs | Credit growth spillover | Neutral to positive |
Capital Direction: Continued institutional preference for PSU banking leaders.
Sector Positioning
PSU banks have emerged as a core institutional theme due to balance-sheet repair, falling NPAs, and strong credit demand. SBI’s Q3 results reinforce the sector’s leadership within financial stocks.
Key Risks
- Margin pressure from rising deposit costs.
- Potential credit slowdown.
- Macro-driven asset quality stress.
Forward Outlook
Strong profitability and improving asset quality position SBI as a core institutional holding. The banking sector is likely to remain a key driver of index performance if credit growth trends remain stable.
Core Institutional Metrics
| Metric | Status |
|---|---|
| Event Type | Earnings |
| Primary Capital Impact | PSU Banking Sector |
| Capital Flow Direction | Positive |
| Market Sentiment | Constructive |
Frequently Asked Questions
What was SBI’s net profit in Q3 FY26?
SBI reported net profit of ₹21,028 crore in Q3 FY26. :contentReference[oaicite:2]{index=2}
How did asset quality change?
Gross NPA ratio improved to 1.57% in Q3 FY26. :contentReference[oaicite:3]{index=3}
Why are SBI results important for markets?
As the largest PSU bank, SBI’s earnings often set the tone for institutional flows into the banking sector.
Related Institutional Developments
Official Sources
Disclaimer
This content is for informational and educational purposes only and does not constitute investment advice.
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