New Delhi, Aug. 8 -- The State Bank of India (SBI) declared its Q1 results 2026 on Friday. In its first-quarter results for the financial year 2026-27, the PSU bank recorded a standalone net profit of Rs.21,121 crore. Beating the market estimates, SBI reported Q1FY27 PAT of Rs.21,120 crore, up by 7.3% QoQ and 10.2% YoY. After the announcement of the first-quarter results for FY27, SBI shares saw strong buying, hitting a new intraday high of Rs.1,124.50 on the NSE. However, the state-owned banking stock soon retraced and finally closed at Rs.1,097 apiece, up over 1% from the previous close.

Seema Srivastava, Senior Research Analyst at SMC Global Securities, believes SBI delivered a strong operational performance in Q1 FY27, recording a st...