SBI Q4 Profit Rises 5.6% To ₹19,684 Crore; Declares ₹17.35 Per Share Dividend

State Bank of India (SBI) on May 8 reported a 5.6% year-on-year increase in standalone net profit for the March quarter of FY26 at ₹19,684 crore compared with ₹18,643 crore in the corresponding quarter last year.

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The country’s largest lender reported net interest income (NII) of ₹44,380 crore for Q4FY26, up 4% from ₹42,617 crore in the year-ago period. SBI also announced a dividend of ₹17.35 per equity share for FY26. Shares of SBI declined more than 5% during intraday trade following the earnings announcement.

Loan Growth And Margins Remain Stable

Brokerages tracking the bank had expected loan growth and margins to remain resilient during the quarter despite pressure from treasury income due to higher bond yields.

Ahead of the results, analysts expected SBI’s loan growth to remain supported by expansion in retail, SME, and corporate lending segments. Market participants were also monitoring management commentary on margins, deposit growth, and credit costs.

Nomura had stated that a stable funding mix and healthy business growth could support margins during the March quarter. The brokerage also highlighted that an income tax refund of nearly ₹1,500 crore could strengthen provision buffers.

Motilal Oswal had projected net interest margins to remain above 3%, supported by stable funding costs and loan mix improvement.

Asset Quality In Focus

Brokerages also expected SBI’s asset quality to remain stable during the quarter with controlled slippages and manageable credit costs.

Motilal Oswal had earlier noted that gross non-performing assets and net non-performing assets for PSU banks remained near multi-year lows. The brokerage also estimated PSU banks’ profit after tax to rise 2.1% year-on-year during Q4FY26, while NII growth was projected at 6.3%.

SBI management is scheduled to hold an analyst meeting later in the day to discuss quarterly earnings and future business outlook.

Other Companies Report Q4 Results

Titan Company also announced its March quarter earnings on May 8. The company reported a 29.2% YoY rise in net profit to ₹1,124 crore compared with ₹870 crore in the year-ago quarter. Revenue increased 78% YoY to ₹23,934 crore. Titan declared a dividend of ₹15 per share.

Hyundai Motor India reported a 23% decline in standalone profit to ₹1,222 crore for Q4FY26, while revenue rose 5% YoY to ₹18,452 crore.

Kalyan Jewellers posted a 118.1% YoY jump in profit at ₹410 crore. Revenue increased 66% YoY to ₹10,275 crore, while EBITDA rose 84.2% YoY to ₹735.7 crore. The company recommended a final dividend of ₹2.50 per equity share for FY26, subject to shareholder approval.