SBI Q2 Results Today: Profit may rise 12% YoY, NII 13%; margins, asset quality in focus | FY27 Preview

SBI Q2 Results FY27 Preview: State Bank of India, the country's largest public sector lender, is scheduled to announce its financial results for the July-September quarter of FY27 on Tuesday, November 3, 2026. The bank is expected to report a 12.20 per cent year-on-year increase in net profit, supported by growth in net interest income and non-interest income.

According to ET Now Research, SBI's profit after tax is projected to rise to Rs 22,619 crore in Q2 FY27 from Rs 20,160 crore in the corresponding quarter last year. On a sequential basis, net profit is expected to increase 7.09 per cent from Rs 21,121 crore reported in Q1 FY27.

Net interest income (NII) is estimated at Rs 48,570 crore, reflecting a 13 per cent YoY increase from Rs 42,984 crore. Sequentially, NII is expected to grow 3.36 per cent from Rs 46,992 crore.

SBI Q2 Results FY27 Preview: Key financial estimates

Non-interest income is expected to increase 20.73 per cent YoY to Rs 18,502 crore, compared with Rs 15,325.5 crore a year earlier. On a quarter-on-quarter (QoQ) basis, the figure is projected to grow 16.20 per cent.

Meanwhile, provisions are estimated at Rs 5,558 crore, up 2.93 per cent YoY and 10.12 per cent QoQ. Provisioning buffers could be strengthened through gains from the SBI Mutual Fund and NSE stake sales.

SBI Q2 Results FY27: What to expect from margins?

SBI's net interest margin (NIM) for the whole bank is expected to improve by three basis points sequentially to 2.89 per cent from 2.86 per cent in the June quarter. However, the margin is projected to remain at eight basis points below the 2.97 per cent recorded in the year-ago quarter.

Return on assets (RoA) is estimated at 1.18 per cent, compared with 1.11 per cent in Q1 FY27 and 1.17 per cent in Q2 FY26. The estimates indicate a broadly steady credit cost and RoA trajectory, excluding one-off items.

SBI Q2 Results FY27: Loan and deposit growth

The bank's advances are expected to increase 3.81 per cent QoQ to Rs 51,800, against Rs 49,900 in the preceding quarter, according to the supplied estimates. On a YoY basis, advances are projected to grow 18.81 per cent.

Credit growth is expected to be broad-based, led by small and medium enterprises, corporate lending, agriculture and Xpress credit.

Deposits are projected to increase to Rs 62,700 from Rs 60,100 in the previous quarter, representing growth of 4.33 per cent QoQ. On a YoY basis, deposits are expected to rise 12.16 per cent from Rs 55,900.

SBI Q2 Results FY27: Asset quality outlook

SBI's asset quality is expected to improve, with the gross non-performing asset ratio projected to decline to 1.45 per cent from 1.47 per cent in the previous quarter and 1.73 per cent a year earlier.

The net NPA ratio is estimated at 0.37 per cent, compared with 0.38 per cent in Q1 FY27 and 0.42 per cent in Q2 FY26.

These estimates suggest continued improvement in asset quality, while the bank's provisioning trends and margin performance will remain important factors to monitor when the quarterly results are announced.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)