Two investors are working together with analyzing the stock data graphs in the paper and viewing the data on the laptop screen. istock photo for BL | Photo Credit: wutwhanfoto
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First Cut: SBI Q1FY27: Delivers a Stellar Quarter, Beat Estimates
- PAT beat estimates by 6.8% to reach Rs. 21,121 crore, a growth of 10.2% y-o-y and 7.3% q-o-q, primarily driven by robust operational income and lower credit costs.
- PPOP, beat estimates by 7.1% to stand at Rs, 33,529 crore, strong momentum with a 9.8% y-o-y and 21.0% q-o-q increase.
- NII registered steady top-line expansion, growing 14.7% y-o-y and 5.7% q-o-q.
- Total advances expanded by 18.6% y-o-y and 2.3% q-o-q to Rs. 50,47,222 crore, with broad-based growth across segments led by the SME portfolio and Agri portfolio . While total deposit growth lagged overall advances growth, increasing 9.7% y-o-y.
- Asset quality metrics improved further as the Gross Non-Performing Assets (Gross NPA) ratio fell by 36 bps y-o-y and 2 bps q-o-q to 1.47%.
