State Bank of India stock falls 1.57 percent on NSE

Published on 09/24/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

State Bank of India stock posted Q1 FY27 net profit of INR 24,579 crore. Revenue reached INR 180,062 crore, up 7.8 percent year over year.

SBI, INE062A01020, Illustration mit AI erstellt.

State Bank of India stock (ISIN INE062A01020) stood at INR 978.50 on NSE on September 24, 2026, down 1.57 percent from the prior close of INR 994.10. The move came as the lender's latest quarterly figures showed higher profit and revenue.

Q1 profit reaches INR 24,579 crore

State Bank of India reported net profit of INR 24,579 crore for Q1 FY27, compared with INR 21,627 crore a year earlier. The figures were cited in a September 17, 2026 update from Univest.

Quarterly revenue reached INR 180,062 crore, up 7.8 percent year over year, according to the same report. The comparison gives the stock a fundamental counterweight to its September 24 price decline.

Revenue growth supports valuation

The combination of INR 24,579 crore in quarterly profit and INR 180,062 crore in revenue points to a larger earnings base than a year earlier. For investors, the key distinction is that the operating figures improved while the NSE quote moved lower during the September 24 session.

State Bank of India is classified in financial services and regional banking. Its market capitalization stood at INR 9,032,159,307,901 on September 24, 2026, while trading volume reached 13,722,768 shares.

Stock remains below yearly high

The stock's 52-week range was INR 853 to INR 1,234.70 on September 24, 2026. At INR 978.50, the quote was INR 256.20 below the yearly high, leaving the market value below its recent peak despite the higher Q1 FY27 profit.

State Bank of India operates through treasury, corporate and wholesale banking, retail banking, and other banking businesses. The current data therefore combine a 1.57 percent daily decline with a 13.6 percent year-over-year increase in the reported net profit from INR 21,627 crore to INR 24,579 crore.

Trading snapshot on September 24

State Bank of India stock stood at INR 978.50 on NSE at 3:15 p.m. IST on September 24, 2026. The reference price was down INR 15.60 from the previous close of INR 994.10.