SBI Shares Hit Record High After Q3 Profit Soars 24.5%; Should You Invest?

• State Bank of India (SBI) shares surged 5.5% to a record high of Rs 1,125 after reporting its highest-ever standalone quarterly profit for Q3 FY26.
• Standalone net profit rose 24.5% year-on-year to Rs 21,028 crore, driven by core income growth, improved asset quality, and a special dividend from SBI Mutual Fund.
• Operating profit jumped 39.54% to Rs 32,862 crore, with total income increasing 9.7% to Rs 1,40,914.65 crore.
• Asset quality significantly improved, with gross NPA ratio falling to a two-decade low of 1.57% and net NPAs declining 15.74%.
• SBI revised its loan growth guidance for FY26 upwards to 13–15%, citing recovery in corporate lending and sustained retail momentum.