Shares of State Bank of India have slid sharply after the lender reported its fourth quarter earnings for the financial year ending March 2026.The stock is trading at Rs 1,016, accounting for a sharp drawdown of more than 7% compared to Thursday's closing price of Rs 1,099.
This comes on the back of March quarter earnings, where SBI reported a net interest income of Rs 44,380 crore, which was 4% lower compared to the same period last quarter. It was also below street estimates of around Rs 46,000 crore.
Operating Profit stood at Rs 27,704 crore versus estimate of Rs 30,396 crore, once again missing street expectations.
While lower provisions and operating expenses aided profit, the return on assets have declined to 1.07% amid modest NII growth. Asset quality, on the other hand, has remained stable.
ALSO READ: SBI Q4 Result: Rs 17.35 Dividend Declared — Check Record Date, Payout Details
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
