State Bank of India (SBI) shares gain more than 2% following the bank’s first-quarter results for FY27. According to the reported figures, SBI posts a standalone net profit of Rs 21,121 crore in the quarter. This compares with Rs 19,160 crore in the same quarter of the previous year, indicating a year-on-year increase of 10.2%. The coverage attributes the stock movement to the improved profitability reflected in the earnings release. No additional segment details, asset quality metrics, or guidance are provided in the supplied summaries. Overall, the common focus across the reporting is SBI’s higher standalone net profit for the quarter and the immediate market reaction as the share price rises in response to the results.
SBI shares rise after reported Q1 profit growth
State Bank of India (SBI) shares gain more than 2% following the bank’s first-quarter results for FY27. According to the reported figures, SBI posts a standalone net profit of Rs 21,121 crore in the q...
- SBI’s Q1 results are reported for FY27.
- Standalone net profit in Q1 FY27 is Rs 21,121 crore.
- Standalone net profit in the year-ago quarter is Rs 19,160 crore.
- SBI’s year-on-year standalone profit growth is 10.2%.
- SBI shares rise by more than 2% after the results.
SBI reported a standalone net profit of Rs 21,121 crore in the first quarter of FY27, registering a growth of 10.2% from Rs 19,160 crore in the year-ago period.
4 hours agoSBI reported a standalone net profit of Rs 21,121 crore in the first quarter of FY27, registering a growth of 10.2% from Rs 19,160 crore in the year-ago period.
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