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State Bank of India reports 20% rise in Q2 consolidated net profit

03 Nov 2026 Evaluate

State Bank of India has reported its results for the second quarter ended September 30, 2026 (Q2FY27).

The bank has reported a 14.28% rise in its net profit at Rs 23,037.95 crore for the quarter ended September 30, 2026, as compared to Rs 20,159.67 crore for the same quarter in the previous year. Total income increased by 6.53% to Rs 1,43,796.01 crore for Q2FY27 as compared to Rs 1,34,979.47 crore for the corresponding quarter of the previous year.

On a consolidated basis, the bank has reported a 19.98% rise in its net profit at Rs 25,361.16 crore for Q2FY27, as compared to Rs 21,137.33 crore for the same quarter in the previous year. Total income increased by 6.74% to Rs 1,87,756.19 crore for Q2FY27 as compared to Rs 1,75,897.79 crore for the corresponding quarter of the previous year.


Peers
Company Name CMP
State Bank Of India 969.55
PNB 120.35
Bank Of Baroda 243.50
Canara Bank 117.60
Union Bank Of India 183.00
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