Loan growth, fall in provisions help SBI profits in Q2
State Bank of India moved lower in a quarterly results development for Q2 FY27.
· Economic Times Markets, ET Stocks
State Bank of India reported a 14% year-on-year rise in Q2 FY27 net profit to Rs 23,038 crore, driven by 18% loan growth, higher net interest income, lower deposit costs and reduced loan loss provisions.
Key facts
- Period
- Q2 FY27
The analysis
State Bank of India reported Rs 23,038 crore for Q2 FY27, with movement of 14% and 18% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.7% on the day at ₹970.25, and has returned -7.2% over three months. It sits 21% below its 52-week high. The banks sector has moved -7.4% over the same period, so State Bank of India is running 0.2 points ahead of its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: State Bank of India (SBIN), in Banks.
- Over three months: State Bank of India -7.2% against Banks -7.4% (0.2 points ahead).
- Trading well above normal today: State Bank of India at 2.8 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of IndiaSBIN · Banks | ₹970.25 | -1.7% | +1.7% | -7.2% | -21.0% | 2.8× | — |
Banks
1M -2.7% · 3M -7.4%
State Bank of India
Prices as of 3 Nov 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
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