SBI Share Price Hits Record High as Stock Market Today Cheers Strong Q3 Performance | Stock Market Today

Market Performance: SBI Share Price Leads Stock Market Today

The SBI share price took centre stage in the stock market today, rising sharply as investors reacted to a strong quarterly performance.

On February 9, State Bank of India shares jumped 5.5%, touching a fresh all-time high of ₹1,125. The rally came immediately after the bank reported its highest-ever standalone quarterly profit for the December quarter of FY26.

Momentum has been building for a while. From its 52-week low of ₹679.65 recorded in March 2025, the SBI share price has climbed over 65%.

The broader trend tells the same story:

• 44% gain over the last 1 year
• 12% rise in 3 months
• 7% up over the past month

In a market where select PSU banking stocks are attracting steady interest, SBI stood out clearly in the stock market today.

Main News: Record Quarterly Profit Drives SBI Share Price Surge

The sharp move in the SBI share price followed the announcement of a record-breaking Q3 performance.

State Bank of India reported a standalone net profit of ₹21,028 crore in Q3 FY26, marking a 24.5% year-on-year rise. In the same quarter last year, net profit stood at ₹16,891.44 crore.

This marked the highest quarterly profit ever posted by SBI on a standalone basis.

A key contributor to profitability during the quarter was a one-time dividend income from its asset management subsidiary. SBI Mutual Fund paid a special dividend of ₹2,200 crore, which supported the sharp jump in earnings.

The strong numbers translated quickly into price action, pushing the SBI share price to new highs during the stock market today session.

SBI Q3 FY26 Financial Performance at a Glance

SBI’s operational strength remained visible across income, margins, and asset quality.

Income and Operating Performance

• Total income: ₹1,40,914.65 crore
  (up 9.7% YoY from ₹1,28,467.39 crore)
• Net interest income: ₹45,190 crore
  (up 9% YoY)
• Operating profit: ₹32,862 crore
  (up 39.54% YoY)

Better operating leverage played a key role in lifting profitability during the quarter.

Margins Remain Stable

Margins showed stability despite a changing interest-rate environment.

• Whole-bank NIM: 2.99%
• Domestic NIM: 3.12%, down 3 basis points

The margin profile remained steady, helping support income growth in Q3 FY26.

Asset Quality Improves to Multi-Year Best Levels

Asset quality continued to strengthen, reinforcing confidence in SBI’s balance sheet.

• Gross NPAs: ₹73,637 crore
  (down 12.71% YoY)
• Net NPAs: ₹18,012 crore
  (down 15.74% YoY)

The GNPA ratio improved to 1.57% as of December 31, 2025, compared to 1.73% in September. This marks the best asset quality level in over two decades.

Provisions and Slippages

• Provisions: ₹4,507 crore
  (vs ₹911 crore last year)
• Fresh slippages: ₹4,458 crore
  (up from ₹3,823 crore YoY)

Despite higher slippages, the overall asset quality trend remained positive.

Consolidated Performance Snapshot

On a consolidated basis:

• Net profit: ₹21,876.04 crore
• Year-on-year growth: 14.08%
• Previous year: ₹19,175.35 crore

The consolidated numbers further supported positive sentiment around the SBI share price in the stock market today.

Company Details: SBI’s Lending and Deposit Position

As of December 31, SBI maintained a strong balance sheet position.

• Total loan book: ₹46.8 trillion
• Deposit growth: 9.02% YoY
• Credit-deposit ratio: 72%

The comfortable CD ratio reflects adequate liquidity and balance between lending and deposits.

Why SBI Share Price Stayed in Focus Today?

The stock market today reacted clearly to three core elements:

• Record quarterly profit
• Strong operating performance
• Visible improvement in asset quality

The one-time dividend income added to earnings strength, while stable margins and falling NPAs helped reinforce confidence around SBI’s operational execution.

Summary: SBI Share Price Strength Reflects Earnings Momentum

The SBI share price touched a fresh lifetime high as the bank delivered its strongest-ever quarterly profit in Q3 FY26.

Rising income, steady margins, and improving asset quality shaped the narrative. With gains of over 65% from its 52-week low, SBI emerged as a key driver in the stock market today.

The latest quarterly performance places SBI firmly among the most closely watched PSU banking stocks, as market participants digest its record financial showing.

Source: Livemint