Business: India’s largest public sector lender State Bank of India (SBI) released its quarterly data on Tuesday. The company reported that its standalone net profit rose 10% year-on-year to Rs 20,160 crore in the second quarter. The company’s profit in the same period last year was Rs 18,331 crore.

SBI’s profit after tax (PAT) exceeded market estimates by Rs 17,387 crore. Brokerage firms had estimated SBI’s second quarter net profit to decline by up to 17% year-on-year. Estimates said that the company’s profit could be between Rs 17,700 crore and Rs 18,800 crore.

Net interest income (NII) grew 3.3% year-on-year to Rs 42,984 crore in Q2FY26. It was Rs 41,620 crore in Q2FY25. The lender recorded interest income of Rs 1,19,654 crore in the quarter under review. This is 5% more than Rs 1,13,871 crore in the same period of the last financial year.

Adani Enterprises’ profit increased by 84%
Adani Enterprises on Tuesday reported its consolidated net profit rose 84% to Rs 3,199 crore in the second quarter. It was Rs 1,742 crore in the same quarter a year ago. The company’s operating revenue in this quarter stood at Rs 21,249 crore. This is 6% less than Rs 22,608 crore of the same quarter of the last financial year. Meanwhile, the board of Adani Enterprises has approved raising funds of up to Rs 25,000 crore through a rights issue.