Shares of SBI slipped 5% on May 8 after the country’s largest lender reported a mixed set of Q4 FY26 earnings, with profit beating Street estimates but core banking income missing expectations.
The stock came under pressure as investors reacted to weaker-than-expected Net Interest Income (NII), a key metric that measures lending profitability.
As of 2:14 PM IST, SBI shares were trading near the day’s low after witnessing heavy selling pressure during the session. The stock touched an intraday low of ₹1,025.50, while the day’s high stood at ₹1,095.00. SBI opened at ₹1,090 against the previous close of ₹1,092. Live traded volume stood at over 2 crore shares, reflecting heightened market activity following the earnings announcement.
SBI Q4 FY26 Results Highlights
State Bank of India reported a net profit of ₹19,683.7 crore for the March quarter, marking a 5.6% year-on-year increase compared to ₹18,643 crore reported in the same period last year.
The profit figure also surpassed the CNBC-TV18 poll estimate of ₹19,455.4 crore, indicating resilience in the bank’s bottom-line performance despite a challenging operating environment.
However, the bank’s Net Interest Income (NII) rose only 4.1% YoY to ₹44,380 crore from ₹42,618 crore in Q4 FY25. The number fell significantly short of the Street estimate of ₹46,487.4 crore, missing expectations by nearly ₹2,100 crore.
The weaker NII growth appears to have overshadowed the profit beat, triggering profit booking in the stock.