{"id":123151,"date":"2026-06-18T17:59:33","date_gmt":"2026-06-18T12:29:33","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=123151"},"modified":"2026-06-18T17:59:35","modified_gmt":"2026-06-18T12:29:35","slug":"state-bank-of-india-q1-fy27-results-preview","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/","title":{"rendered":"SBI Q1 FY27 Results Preview: What to Expect"},"content":{"rendered":"<div class=\"meta-block\"><\/div>\n<p style=\"border-left: 4px solid #1F4E79; background: #EBF3FB; padding: 10px 16px; font-style: italic;\"><em>SBI Q1 FY27E: NII Rs 42,800 Cr (Motilal). PAT Rs 17,500 Cr. Loan growth 13% YoY. GNPA est. 2.1%. Results expected in Q1 FY27.<\/em><\/p>\n<p>The <a href=\"https:\/\/univest.in\/user\/stocks\/sbin\/state-bank-of-india-share-price-today\">SBI<\/a> Q1 FY27 results preview from major brokerages including Motilal Oswal, HDFC Securities and Kotak Equities signals a market-watched quarter. Analysts have published their estimates based on company guidance, sector trends and macroeconomic inputs from the HDFC Securities Q4FY26 Quarterly Flipbook and individual brokerage previews.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=sbi-q1-fy27-results-preview\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#State_Bank_of_India_Q1_FY27_Results_Preview_at_a_Glance\" title=\"State Bank of India Q1 FY27 Results Preview at a Glance\">State Bank of India Q1 FY27 Results Preview at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#Key_Factors_Driving_SBI_Q1_FY27_Performance\" title=\"Key Factors Driving SBI Q1 FY27 Performance\">Key Factors Driving SBI Q1 FY27 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#1_NII_Growth_Driven_by_Volume_Despite_NIM_Pressure\" title=\"1. NII Growth Driven by Volume Despite NIM Pressure\">1. NII Growth Driven by Volume Despite NIM Pressure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#2_Asset_Quality_Improvement_and_Credit_Cost_Moderation\" title=\"2. Asset Quality Improvement and Credit Cost Moderation\">2. Asset Quality Improvement and Credit Cost Moderation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#3_Fee_Income_and_Non-Interest_Revenue_Diversification\" title=\"3. Fee Income and Non-Interest Revenue Diversification\">3. Fee Income and Non-Interest Revenue Diversification<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#Analyst_Estimates_for_SBI_Q1_FY27_Results\" title=\"Analyst Estimates for SBI Q1 FY27 Results\">Analyst Estimates for SBI Q1 FY27 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#Key_Risks_to_SBI_Q1_FY27_Performance\" title=\"Key Risks to SBI Q1 FY27 Performance\">Key Risks to SBI Q1 FY27 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#1_Faster-than-Expected_NIM_Compression\" title=\"1. Faster-than-Expected NIM Compression\">1. Faster-than-Expected NIM Compression<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#2_Slippage_Risk_in_MSME_and_Agriculture_Book\" title=\"2. Slippage Risk in MSME and Agriculture Book\">2. Slippage Risk in MSME and Agriculture Book<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#3_Government_Dividend_Outflow_Impact\" title=\"3. Government Dividend Outflow Impact\">3. Government Dividend Outflow Impact<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#Frequently_Asked_Questions_on_State_Bank_of_India_Q1_FY27_Results_Preview\" title=\"Frequently Asked Questions on State Bank of India Q1 FY27 Results Preview\">Frequently Asked Questions on State Bank of India Q1 FY27 Results Preview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#When_will_SBI_Q1_FY27_results_be_announced\" title=\"When will SBI Q1 FY27 results be announced?\">When will SBI Q1 FY27 results be announced?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#What_PAT_is_expected_from_SBI_in_Q1_FY27\" title=\"What PAT is expected from SBI in Q1 FY27?\">What PAT is expected from SBI in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#What_NII_is_expected_from_SBI_in_Q1_FY27\" title=\"What NII is expected from SBI in Q1 FY27?\">What NII is expected from SBI in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#What_is_SBIs_NIM_expectation_for_Q1_FY27\" title=\"What is SBI&#8217;s NIM expectation for Q1 FY27?\">What is SBI&#8217;s NIM expectation for Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#What_loan_growth_is_expected_from_SBI_in_Q1_FY27\" title=\"What loan growth is expected from SBI in Q1 FY27?\">What loan growth is expected from SBI in Q1 FY27?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#What_are_the_key_risks_for_SBI_Q1_FY27_results\" title=\"What are the key risks for SBI Q1 FY27 results?\">What are the key risks for SBI Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/state-bank-of-india-q1-fy27-results-preview\/#Where_can_I_track_SBI_Q1_FY27_results_live\" title=\"Where can I track SBI Q1 FY27 results live?\">Where can I track SBI Q1 FY27 results live?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"State_Bank_of_India_Q1_FY27_Results_Preview_at_a_Glance\"><\/span><strong>State Bank of India Q1 FY27 Results Preview at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"width: 100%; border-collapse: collapse; font-size: 14px; margin: 16px 0;\">\n<tbody>\n<tr style=\"background: #EBF3FB;\">\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\"><strong>Metric<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\"><strong>Q1 FY26 (Actual)<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\"><strong>Q1 FY27 Estimate (Analyst)<\/strong><\/th>\n<th style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\"><strong>YoY Change (Est.)<\/strong><\/th>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">Net Interest Income &#8211; NII (Rs Cr)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">36,032<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">42,800 (Motilal) \/ 42,200 (HDFC Sec)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">+18-19%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">NIM (%)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">3.22%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">3.02-3.08% (consensus)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">Slight compression<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">PAT (Rs Cr)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">17,035<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">17,500 (Motilal) \/ 17,200 (HDFC Sec)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">+1-3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">Loan Growth (YoY %)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">15%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">13-14% (consensus)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">Moderation<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">GNPA (%)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">2.21%<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">2.05-2.15% (estimate)<\/td>\n<td style=\"border: 1px solid #D0D7E2; padding: 9px 14px; text-align: left;\">Improving<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background: #E8EAFF; border-radius: 14px; padding: 28px 32px 24px 32px; margin: 24px 0; font-family: -apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,sans-serif; cursor: pointer; max-width: 100%; box-sizing: border-box;\">\n<p style=\"font-size: 20px; font-weight: bold; color: #0a0a23; margin: 0 0 12px 0; line-height: 1.3;\">3 Stocks Building Serious Momentum Right Now<\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">When <strong style=\"color: #0a0a23;\">Univest analysts<\/strong> identify high-conviction stock opportunities, <em>investors pay attention.<\/em><\/p>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 14px 0; line-height: 1.6;\">Our research team has now shortlisted the <strong style=\"color: #0a0a23;\">Top Stocks to Buy<\/strong> based on current market momentum, sector trends and growth potential for 2026.<\/p>\n<ul style=\"margin: 0 0 16px 20px; padding: 0; color: #3a3a5c; font-size: 15px; line-height: 1.8;\">\n<li>Discover stocks investors are actively accumulating<\/li>\n<li>High-conviction opportunities backed by research<\/li>\n<li>Designed for the next phase of market growth<\/li>\n<\/ul>\n<p style=\"font-size: 15px; color: #3a3a5c; margin: 0 0 20px 0;\">Unlock the latest <a style=\"color: #3b7fff; font-weight: bold; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?redirectUrl=%2Fuser%2Fpayment%3FplanType%3DALL_PRO%2BPLANS%26cacheClear%3D1780639629052\">Top Stock Picks<\/a> on Univest<\/p>\n<p><a style=\"display: inline-block; background: #3B7FFF; color: #fff; font-size: 15px; font-weight: 600; padding: 13px 28px; border-radius: 50px; letter-spacing: 0.2px; text-decoration: none;\" href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&amp;utm_medium=sbi-q1-fy27-banner\" target=\"_blank\" rel=\"noopener\">See the Stocks \u2192<\/a><\/p>\n<\/div>\n<p>The SBI Q1 FY27 results preview reflects a bank navigating a complex balance between NIM pressure from rate cuts and sustained volume growth from its massive loan book. Motilal Oswal estimates NII at Rs 42,800 Cr for Q1 FY27, up 18.8% YoY from Rs 36,032 Cr in Q1 FY26, even as NIM is expected to compress slightly to 3.02-3.08% from 3.22% as RBI rate cuts flow through to loan yields faster than deposit costs fall.<\/p>\n<p>HDFC Securities, in its Quarterly Flipbook (Q1 FY27), estimates SBI Q1 FY27 PAT at Rs 17,200 Cr, broadly flat with Q1 FY26&#8217;s Rs 17,035 Cr, reflecting the twin offset of volume-driven NII growth versus NIM compression. Emkay Global estimates NII at Rs 41,800 Cr and PAT at Rs 16,800 Cr, projecting a marginally conservative view on NIM recovery pace.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Factors_Driving_SBI_Q1_FY27_Performance\"><\/span><strong>Key Factors Driving SBI Q1 FY27 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_NII_Growth_Driven_by_Volume_Despite_NIM_Pressure\"><\/span><strong>1. NII Growth Driven by Volume Despite NIM Pressure<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>SBI&#8217;s total loan book is expected to grow 13-14% YoY in Q1 FY27, compared to approximately 15% in Q1 FY26. While the growth rate moderates slightly, the absolute NII continues to rise strongly because the loan book base has compounded significantly. Motilal Oswal projects the total advances book at approximately Rs 42 lakh Cr by Q1 FY27 end.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Asset_Quality_Improvement_and_Credit_Cost_Moderation\"><\/span><strong>2. Asset Quality Improvement and Credit Cost Moderation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>SBI&#8217;s Gross NPA ratio has been on a consistent declining trajectory. From 2.21% in Q1 FY26, Motilal Oswal estimates GNPA at 2.08% by Q1 FY27. HDFC Securities projects credit cost at 40-45 basis points in Q1 FY27, down from 55 basis points in Q1 FY26, which will help partially offset the NIM compression impact on PAT.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Fee_Income_and_Non-Interest_Revenue_Diversification\"><\/span><strong>3. Fee Income and Non-Interest Revenue Diversification<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>SBI&#8217;s fee income from cross-selling (insurance, mutual funds, cards) is expected to grow 15-18% YoY in Q1 FY27. HDFC Securities highlights that SBI Life and SBI Cards profitability indirectly boosts SBI&#8217;s overall financial performance through dividend income and bancassurance fee streams.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Estimates_for_SBI_Q1_FY27_Results\"><\/span><strong>Analyst Estimates for SBI Q1 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Motilal Oswal:<\/strong> NII Rs 42,800 Cr; PAT Rs 17,500 Cr; NIM 3.08%; Loan growth 14%<\/li>\n<li><strong>HDFC Securities (Quarterly Flipbook, Q1 FY27):<\/strong> NII Rs 42,200 Cr; PAT Rs 17,200 Cr; Credit cost 42 bps<\/li>\n<li><strong>Emkay Global:<\/strong> NII Rs 41,800 Cr; PAT Rs 16,800 Cr; NIM 3.02%; GNPA 2.12%<\/li>\n<\/ul>\n<p>The consensus PAT range for SBI Q1 FY27 is Rs 16,800-17,500 Cr, implying a broadly flat to low single-digit growth over Q1 FY26&#8217;s Rs 17,035 Cr. The NIM trajectory is the key swing factor for the final PAT outcome.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_SBI_Q1_FY27_Performance\"><\/span><strong>Key Risks to SBI Q1 FY27 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Faster-than-Expected_NIM_Compression\"><\/span><strong>1. Faster-than-Expected NIM Compression<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If RBI cuts the repo rate more aggressively in Q1 FY27, SBI&#8217;s MCLR-linked loans will reprice downward faster than fixed-rate deposits mature. Emkay Global notes that each 10 basis point NIM compression reduces quarterly PAT by approximately Rs 600-700 Cr for SBI.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Slippage_Risk_in_MSME_and_Agriculture_Book\"><\/span><strong>2. Slippage Risk in MSME and Agriculture Book<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>While SBI&#8217;s large corporate NPA cycle appears to have peaked, MSME and agriculture loan stress remains a monitoring point. HDFC Securities flags that rural agricultural slippage may rise modestly if the kharif crop season (Q1 FY27 coincides with onset of monsoon) disappoints in certain geographies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Government_Dividend_Outflow_Impact\"><\/span><strong>3. Government Dividend Outflow Impact<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>SBI paid a significant dividend in FY26, and any increase in the FY27 dividend payout ratio could modestly pressure the bank&#8217;s capital buffer, affecting credit growth appetite in subsequent quarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The SBI Q1 FY27 results preview paints a picture of steady but moderate profit delivery, with PAT expected in the Rs 16,800-17,500 Cr range on NII growth of 18-19% YoY. The key swing factor is the NIM trajectory: if NIM holds above 3.05%, PAT could positively surprise consensus. Investors tracking the SBI Q1 FY27 results should focus on NIM print, GNPA movement and management commentary on the FY27 credit growth target during the earnings call.<\/p>\n<p style=\"margin-top: 24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Use the Univest Screener to Track State Bank of India Live Data and Research<\/strong><\/a><\/p>\n<p>With Q1 FY27 results season approaching during Q1 FY27 results season, staying informed about State Bank of India earnings expectations, sector developments and analyst upgrades can help you make better-timed investment decisions. Use the tools below to track live data and access professional research before the results are announced.<\/p>\n<p style=\"margin-top: 24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track State Bank of India share price live and receive Q1 FY27 result alerts.<\/em><\/p>\n<div style=\"background: #CC0000; border-radius: 8px; padding: 16px 20px; margin: 24px 0;\">\n<p style=\"color: #ffffff; font-size: 13px; line-height: 1.7; margin: 0;\"><strong style=\"color: #ffffff;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_State_Bank_of_India_Q1_FY27_Results_Preview\"><\/span><strong>Frequently Asked Questions on State Bank of India Q1 FY27 Results Preview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"When_will_SBI_Q1_FY27_results_be_announced\"><\/span><strong>When will SBI Q1 FY27 results be announced?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI Q1 FY27 results are expected to be announced during Q1 FY27 results season. The Board of Directors will meet to approve the results approximately a few weeks after the quarter end. The exact date will be disclosed on NSE and BSE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_PAT_is_expected_from_SBI_in_Q1_FY27\"><\/span><strong>What PAT is expected from SBI in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI Q1 FY27 PAT is estimated at Rs 16,800-17,500 Cr by analysts. Motilal Oswal projects Rs 17,500 Cr, HDFC Securities estimates Rs 17,200 Cr and Emkay Global estimates Rs 16,800 Cr. This is broadly flat to slightly higher than Q1 FY26&#8217;s Rs 17,035 Cr.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_NII_is_expected_from_SBI_in_Q1_FY27\"><\/span><strong>What NII is expected from SBI in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI Q1 FY27 NII is estimated at Rs 41,800-42,800 Cr. Motilal Oswal projects Rs 42,800 Cr, HDFC Securities estimates Rs 42,200 Cr and Emkay Global estimates Rs 41,800 Cr, representing 16-19% YoY growth from Rs 36,032 Cr in Q1 FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_SBIs_NIM_expectation_for_Q1_FY27\"><\/span><strong>What is SBI&#8217;s NIM expectation for Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI Q1 FY27 NIM is expected at 3.02-3.08%, slightly lower than 3.22% in Q1 FY26. The compression reflects RBI rate cuts flowing through to loan yields faster than deposit costs reduce. Motilal Oswal estimates NIM at 3.08%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_loan_growth_is_expected_from_SBI_in_Q1_FY27\"><\/span><strong>What loan growth is expected from SBI in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI loan growth in Q1 FY27 is expected at 13-14% YoY, a slight moderation from 15% in Q1 FY26. Motilal Oswal estimates 14% growth, with retail and home loans leading. The total advances book is projected at approximately Rs 42 lakh Cr.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_for_SBI_Q1_FY27_results\"><\/span><strong>What are the key risks for SBI Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Key risks for SBI Q1 FY27 include faster-than-expected NIM compression due to RBI rate cuts, MSME and agriculture loan slippage risk and any increase in government dividend outflow pressuring capital adequacy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_can_I_track_SBI_Q1_FY27_results_live\"><\/span><strong>Where can I track SBI Q1 FY27 results live?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SBI Q1 FY27 results can be tracked on NSE (nseindia.com) and BSE (bseindia.com). The Univest Screener provides live price data and analyst research on SBIN stock for informed investment decisions.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"When will SBI Q1 FY27 results be announced?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI Q1 FY27 results are expected to be announced during Q1 FY27 results season. The Board of Directors will meet to approve the results approximately a few weeks after the quarter end. The exact date will be disclosed on NSE and BSE.\"}},{\"@type\":\"Question\",\"name\":\"What PAT is expected from SBI in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI Q1 FY27 PAT is estimated at Rs 16,800-17,500 Cr by analysts. Motilal Oswal projects Rs 17,500 Cr, HDFC Securities estimates Rs 17,200 Cr and Emkay Global estimates Rs 16,800 Cr. This is broadly flat to slightly higher than Q1 FY26's Rs 17,035 Cr.\"}},{\"@type\":\"Question\",\"name\":\"What NII is expected from SBI in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI Q1 FY27 NII is estimated at Rs 41,800-42,800 Cr. Motilal Oswal projects Rs 42,800 Cr, HDFC Securities estimates Rs 42,200 Cr and Emkay Global estimates Rs 41,800 Cr, representing 16-19% YoY growth from Rs 36,032 Cr in Q1 FY26.\"}},{\"@type\":\"Question\",\"name\":\"What is SBI's NIM expectation for Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI Q1 FY27 NIM is expected at 3.02-3.08%, slightly lower than 3.22% in Q1 FY26. The compression reflects RBI rate cuts flowing through to loan yields faster than deposit costs reduce. Motilal Oswal estimates NIM at 3.08%.\"}},{\"@type\":\"Question\",\"name\":\"What loan growth is expected from SBI in Q1 FY27?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI loan growth in Q1 FY27 is expected at 13-14% YoY, a slight moderation from 15% in Q1 FY26. Motilal Oswal estimates 14% growth, with retail and home loans leading. The total advances book is projected at approximately Rs 42 lakh Cr.\"}},{\"@type\":\"Question\",\"name\":\"What are the key risks for SBI Q1 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Key risks for SBI Q1 FY27 include faster-than-expected NIM compression due to RBI rate cuts, MSME and agriculture loan slippage risk and any increase in government dividend outflow pressuring capital adequacy.\"}},{\"@type\":\"Question\",\"name\":\"Where can I track SBI Q1 FY27 results live?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SBI Q1 FY27 results can be tracked on NSE (nseindia.com) and BSE (bseindia.com). The Univest Screener provides live price data and analyst research on SBIN stock for informed investment decisions.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SBI Q1 FY27 results preview: Analysts estimate NII at Rs 41,800-42,800 Cr and PAT at Rs 16,800-17,500 Cr. Loan growth recovery to 13-14% YoY and NIM of 3.02-3.08% are the key monitoring points.<\/p>\n","protected":false},"author":35,"featured_media":123219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[],"class_list":["post-123151","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1781785783:26"],"_last_editor_used_jetpack":["block-editor"],"rank_math_primary_category":["842"],"rank_math_seo_score":["70"],"rank_math_focus_keyword":["SBI Q1 FY27 Results Preview"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"],"rank_math_title":["SBI Q1 FY27 Results Preview: NII, PAT and Asset Quality Estimates"],"rank_math_description":["SBI Q1 FY27 results preview: Motilal Oswal estimates NII at Rs 42,800 Cr and PAT at Rs 17,500 Cr. 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