SBI Card Q2 profit rises 75% to ₹778 crore as asset quality improves
State Bank of India moved higher in a quarterly results development.
· BS Companies, NDTV Profit, Economic Times Markets, ET Stocks
SBI Card's profit after tax rose to Rs 778 crore in the September quarter as gross NPAs fell to 1.90% and loan loss provisions declined 36.6%…
The analysis
State Bank of India reported ₹778 crore, with movement of 75%, 1.90% and 36.6% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.0% on the day at ₹961.85, and has returned -6.2% over three months. It sits 22% below its 52-week high. The banks sector has moved -6.0% over the same period, so State Bank of India is running 0.2 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- In focus: State Bank of India (SBI) (SBIN), in Banks.
- Over three months: State Bank of India (SBI) -6.2% against Banks -6.0% (0.2 points behind).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹961.85 | -1.0% | +0.2% | -6.2% | -21.7% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
State Bank of India (SBI)
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Are these low-P/E bluechip stocks really a bargain?
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy on debut itself
Bank of Baroda Q2 Results: Standalone profit jumps 36% YoY to Rs 6,532 crore; NII up 9
BoB reports highest-ever quarterly profit of ₹6,532 crore in Q2FY27
Breakout stocks: Adani Ports, Nykaa, Saregama on radar; analyst tells why