SBI Q2 Results: Standalone profit rises 14% YoY to Rs 23,038 crore, NII jumps 15%
State Bank of India moved higher in a quarterly results development.
· ET Stocks, Economic Times Markets, BS Companies, NDTV Profit
SBI Q2 Results: Net interest income in the reporting period increased 15% YoY to Rs 49,143 crore.
The analysis
State Bank of India reported Rs 23,038 crore and Rs 49,143 crore, with movement of 14% and 15% 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 -3.9% over three months. It sits 21% below its 52-week high. The banks sector has moved -6.0% over the same period, so State Bank of India is running 2.1 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 (SBI) (SBIN), in Banks.
- Over three months: State Bank of India (SBI) -3.9% against Banks -6.0% (2.1 points ahead).
- Trading well above normal today: State Bank of India (SBI) at 3.1 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹970.25 | -1.7% | +3.5% | -3.9% | -21.0% | 3.1× | — |
Banks
1M -2.4% · 3M -6.0%
State Bank of India (SBI)
Prices as of 3 Nov 2026, 15:30 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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