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New Delhi: The shares of State Bank of India (SBI) recorded a strong jump on Monday, February 9. After recording its highest-ever quarterly profit in Q3 FY26, the stock India’s largest public sector bank soared over 6 per cent to a record high of Rs 1,137. The company’s stock had been at a 52-week low of Rs 679.65 in March 2025. Since then, the banking counter appreciated more than 65%.

SBI Q3 FY26 Results

In its October-December quarter results, SBI recorded a standalone net profit of Rs 21,028 crore as compared to Rs 16,891.44 crore in the same quarter last year. Better core income growth, improvement in asset quality, and one-time gains from the asset management business supported the profit.

On a standalone basis, a special dividend received from SBI Mutual Fund provided significant support to the bank’s earnings. The asset management subsidiary, which is preparing for an IPO, paid a special dividend of Rs 2,200 crore.

SBI’s operating performance remained strong in the Q3 of 2025-26. The bank’s total income soared 9.7 per cent year-on-year to Rs 1,40,914.65 crore, while it stood at Rs 1,28,467.39 crore a year earlier. Net interest income jumped 9 per cent to Rs 45,190 crore. Operating profit went up 39.54 per cent to Rs 32,862 crore.

There was little change in the bank’s margins. The net interest margin for the entire bank was recorded at 2.99 per cent. Domestic NIM witnessed a marginal decline of 3 basis points to 3.12%.

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