SBI shares drop nearly 7 pc after Q4 earnings; market valuation erodes by Rs 66,691 cr

State Bank of India on Friday reported a 6 per cent increase in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, aided by a decline in bad loans. However, total income declined to Rs 1,40,412 crore in the March quarter from Rs 1,43,876 crore in the same period a year ago, SBI said in a regulatory filing.

Shares of State Bank of India (SBI) on Friday dived nearly 7 per cent after its March quarter earnings failed to cheer investors. The stock dropped 6.62 per cent to settle at Rs 1,019.55 on the BSE. During the day, it tanked 7.37 per cent to Rs 1,011.30. At the NSE, the stock fell by 6.65 per cent to end at Rs 1,019.30. The company's market valuation eroded by Rs 66,691.2 crore to Rs 9,41,107.62 crore. State Bank of India on Friday reported a 6 per cent increase in standalone net profit at Rs 19,684 crore for the fourth quarter ended March 2026, aided by a decline in bad loans. The country's biggest lender had earned a profit of Rs 18,643 crore in the January-March period of the 2024-25 fiscal year. However, total income declined to Rs 1,40,412 crore in the March quarter from Rs 1,43,876 crore in the same period a year ago, SBI said in a regulatory filing. During the quarter, the bank earned an interest income of Rs 1,23,098 crore as against Rs 1,19,666 crore a year ago. The bank saw an improvement in asset quality, with gross non-performing assets (NPAs) declining to 1.49 per cent of the total advances in the fourth quarter from 1.82 per cent as at March-end 2025. Similarly, net NPAs eased to 0.39 per cent from 0.47 per cent. On a consolidated basis, SBI's net profit in the quarter rose marginally to Rs 19,643 crore from Rs 19,600 crore a year ago. Total income increased to Rs 1,81,079 crore from Rs 1,79,562 crore.