SBI Q2 Results: State Bank of India (SBI), the country’s largest lender, reported a 10 per cent year-on-year (YoY) rise in standalone net profit to Rs 20,159.7 crore for the July–September quarter (Q2FY26), driven largely by gains from its partial stake sale in Yes Bank. The bank had posted a profit of Rs 18,331.4 crore in the same period last year.
Net interest income (NII), a key measure of lending profitability, increased 3.3 per cent YoY to Rs 42,985 crore, compared with Rs 41,620 crore in Q2FY25.
SBI said it divested 13.18 per cent of its equity holding in Yes Bank on September 17, 2025, at Rs 21.50 per share, generating a one-time profit of Rs 4,593.22 crore. The gain, classified under exceptional items, will be transferred to the capital reserve in due course. Following this transaction, SBI’s stake in Yes Bank stands reduced to 10.78 per cent as of September 30, 2025, though the investment continues to be treated as an associate.
The bank’s asset quality improved sequentially. The gross non-performing asset (NPA) ratio declined to 1.73 per cent from 1.83 per cent in the previous quarter, while gross NPAs dropped to Rs 76,243 crore from Rs 78,039.7 crore. Net NPAs stood at Rs 18,460 crore, down from Rs 19,908 crore, taking the net NPA ratio to 0.42 per cent from 0.47 per cent earlier.
However, provisions rose to Rs 5,400 crore compared with Rs 4,757 crore in the preceding quarter and Rs 4,506 crore a year ago. Pre-provision operating profit declined 10.6 per cent sequentially and 6.77 per cent on-year.
At around 1:30 pm, SBI shares were trading 0.5 per cent lower at Rs 945.45 on the BSE.
Doonited Affiliated: Syndicate News Hunt
This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited
