SBI Share Price Hits Record High as Bank Posts Highest-Ever Quarterly Profit of INR 21,028 Crore

State Bank of India released its October-December 2025 quarter results on February 7, 2026. The bank reported a standalone net profit of INR 21,028 crore, up 24% from INR 16,891 crore a year earlier. This marks the highest quarterly profit in SBI’s history.

Net interest income grew 9% year-on-year to INR 45,190 crore. Operating profit jumped 40% to INR 32,862 crore, supported by steady loan growth of 15%. A special dividend of INR 2,200 crore from SBI Mutual Fund also boosted the bottom line.

On the asset quality front, the gross non-performing assets (NPA) ratio fell to 1.57% from 1.73% in the previous quarter. Net NPA stood at 0.39%, reflecting improved loan quality. Provisions came in at INR 4,507 crore. Total business crossed INR 103 lakh crore, with deposits exceeding INR 57 lakh crore and advances at INR 46 lakh crore.

Consolidated profit rose 13% to INR 21,317 crore. Chairman C S Setty highlighted strong recoveries, growth in fee income, and core lending performance as key drivers of the bank’s results.

SBI Share Price Surges 7% to All-Time High on Strong Earnings

SBI shares surged nearly 7% on February 9, 2026, hitting a fresh all-time high of INR 1,137. The stock jumped from the previous close of INR 1,066, emerging as one of the top gainers on the Sensex. Trading volumes spiked as investors reacted positively to the earnings beat.

By mid-morning, the stock was trading in the INR 1,130-1,137 range, up over 6%. This rally extends SBI’s one-year gain to about 44%, reflecting strong investor confidence in the bank’s growth outlook driven by a recovery in corporate and retail lending.

Brokerages Boost SBI Share Price Targets After Q3 Beat

Brokerages quickly upgraded their outlook on SBI. Nomura maintained a Buy rating and raised its target price to INR 1,235, citing strong margins, loan growth and asset quality. CLSA retained an Outperform rating with a target of INR 1,275, highlighting better-than-expected profits and controlled slippages.

Emkay Global increased its target to INR 1,225 with higher earnings forecasts. Motilal Oswal raised its target to INR 1,300, expecting strong long-term returns. JM Financial maintained a Buy call with a target of INR 1,250, citing strong buffers and a stable growth outlook. These targets indicate a potential 15–20% upside from current levels.

SBI Raises Loan Growth Guidance Amid Positive Outlook

SBI has raised its loan growth guidance to 13-15% for FY26, from the earlier 12-14%. Retail and corporate lending segments continue to show momentum, supported by a pipeline of nearly INR 7.9 lakh crore. The bank’s credit-deposit ratio stands at 72%, providing room for further lending expansion.

Setty also highlighted that global trade developments could benefit both large enterprises and MSMEs. While challenges such as changing savings patterns remain, SBI plans to stay competitive on funding. Capital adequacy at 14% supports future expansion, and digital channels handled 98.6% of total transactions in the first nine months of the financial year.

Summary

• Standalone net profit: ₹21,028 crore, the highest ever for SBI.
• Net interest income: up 9% YoY.
• Operating profit: up around 40% YoY.
• Asset quality: gross NPA at ~1.57%; net NPA ~0.39%.
• Share price: jumped about 6–7% to record levels.