TCS Share Price: State Bank of India has performed exceptionally well in the stock market on the back of strong quarterly results. The bank’s shares rose more than three percent on February 11th. With this surge, SBI’s market capitalisation reached ₹10.9 lakh crore, surpassing IT giant Tata Consultancy Services.
Major Achievement Based on Market Cap
At market close, SBI’s total market value was ₹10.9 lakh crore, surpassing TCS’s ₹10.53 lakh crore. With this achievement, SBI has become the fourth most valuable company in the country. This achievement is considered significant not only for the banking sector but also for public sector undertakings.
New Highs in Shares
During trading, SBI’s stock reached a 52-week high of ₹1,187.50. It finally closed at ₹1,181.10, a gain of nearly three percent during the day. TCS shares, on the other hand, fell 2.5 percent to close at ₹2,909.
Record Third Quarter Profit
The bank reported a net profit of ₹21,028.15 crore for the October-December quarter of FY2026. This is the highest quarterly profit in the bank’s history. In the same quarter of the previous fiscal year, the bank had earned a profit of ₹16,891.44 crore. Thus, profits increased 24.49 percent year-on-year.
Increase in Net Interest Income
SBI’s net interest income, which represents the bank’s core lending income, increased nine percent year-on-year to ₹45,190 crore. In the same quarter last year, it was ₹41,445 crore. This figure reflects the bank’s strong loan disbursements and income growth.
Improvement in Asset Quality
The bank’s asset quality improved during the quarter. The gross NPA ratio declined to 1.57 percent, from 1.73 percent in the previous quarter. The net NPA ratio also declined to 0.39 percent, from 0.42 percent previously. This improvement reflects the bank’s risk management capabilities.
Reduction in Provisioning
The bank made provisions of ₹4,506 crore this quarter, down from ₹5,400 crore in the previous quarter. This figure was significantly higher in the same period a year ago. Lower provisions mean the bank’s credit costs have decreased.
Improved Loan Growth Projections
The bank management has revised its loan growth forecast for FY2026 to 13 to 15 percent, from 12 to 14 percent. This indicates that the bank expects strong credit demand in the coming months.