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Shares of SBI are back to the lowest point of the day, currently trading 0.7% lower at ₹943.

The results for the quarter will be reported in a few minutes from now.

50 analysts have coverage on State Bank of India

41 of those have a “buy” rating, while eight others have a “hold” recommendation.

Only one analyst (Macquarie) has a “sell” or equivalent rating on India’s largest lender.

The consensus estimate of analysts tracking the stock implies a potential upside of only 1.5% from current levels.

Brokerage firm CLSA is anticipating SBI’s Net Interest Income (NII) to decline by 3% from last year to ₹40,360 crore.

Unlike Kotak, CLSA expects SBI’s operating profit to decline by 12.5% from last year and 16.1% sequentially to ₹25,640 crore.

CLSA expects SBI’s balance sheet growth to be modest but healthy asset quality.

Kotak Securities expects SBI’s operating profit to grow by 6% from last year as it factors in pressure on NIMs for the quarter.

Despite hopes of a 12% loan growth from last year, the brokerage expects SBI’s NII to remain flat due to the higher cost of funds and a pass through of the recent rate cuts.

Treasury gains are likely to be strong due to the recent Yes Bank stake sale.

Shares of SBI are currently trading 0.3% lower ahead of the results announcement at ₹947.

The stock at the lowest point of the day was down 0.5%.

Shares continue to remain near their 52-week high.

SBI remains PL’s top PSU bet, supported by strong credit growth, ₹25,000 crore capital raise and superior provisioning. Core earnings expected to grow 22% YoY in FY27.

– SBI’s core income or NII may see some pressure due to some pressure in interest expenses

– SBI’s NIMs or Net Interest Margins may moderate by 6 basis points to 2.84% from 2.9% last year

– Net Interest Income seen 2% lower from last year and 1% lower sequentially to ₹40,766 crore

– Net profit seen 7% lower from last year and 11% lower sequentially to ₹17,048 crore

– Pre-Provisioning Operating Profit seen 6% lower from last year and 10% lower sequentially to ₹27,517 crore

Shares of SBI are up 19% so far in 2025, having gained 24% in 2024 as well.

This will be the fifth straight year of positive annual returns for India’s largest lender.

Shares of SBI have opened lower on Tuesday ahead of its results announcement.

The stock currently trades 0.5% lower at ₹944.65.

Shares had hit a 52-week high of ₹953.4 on Monday.

SBI’s advances are likely to grow by 10% from last year and 3% sequentially to ₹43 lakh crore.

SBI’s deposits are likely to grow by 9% from last year and 2% sequentially to ₹55 lakh crore.

A CNBC-TV18 poll is expecting a 2% drop in its Net Interest Income (NII) to ₹40,766 crore, while its net profit may see a decline of 7% to ₹17,048 crore from ₹18,331 crore last year.

The results of SBI are important not only because it is the country’s largest lender and provides a bigger macro picture of the economy as a whole, but also because the stock has surged in the last few weeks.

As of Monday’s close, the stock was at its 52-week high of ₹953.

Good Morning!

Welcome to CNBC-TV18’s Live Coverage of State Bank of India’s results.

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