D-Street investors rushed to buy shares of State Bank of India (SBI) on Friday, August 7, after the country's largest public sector lender announced its results for the first quarter of FY27.SBI shares climbed 3.50% to an intraday high of Rs 1,123 apiece on the NSE. The stock, however, still remains 9% below its 52-week high of Rs 1,234.7, touched earlier this year on February 24, 2026.The stock continued to witness strong buying interest from investors. At 2:07 PM on Friday, SBI shares were seen exchanging hands at Rs 1,112.70 apiece on the NSE, up 2.6% from their previous close. At the same time, the benchmark NSE Nifty50 was quoted at 24,533, down 102 points, or 0.42 per cent.At the current market price, the lender's total market capitalisation stands at Rs 10,30,321.53 crore.SBI Q1 resultsSBI reported a 10% year-on-year (YoY) growth in standalone net profit at Rs 21,121 crore for the first quarter. The profit exceeded the Street estimate of Rs 19,052 crore. SBI had posted a net profit of Rs 19,160 crore in the corresponding quarter last year, according to the exchange filing.The lender's net interest income (NII) increased 15% YoY to Rs 46,992 crore during the quarter, surpassing the Street estimate of Rs 46,214 crore. Operating profit also rose 10% YoY to Rs 33,529 crore.SBI's domestic net interest margin (NIM) stood at 3%, improving by 7 basis points compared with Q4 FY26. Whole bank NIM increased by 5 basis points sequentially to 2.86%.ALSO READ: SBI Q1 Results: Standalone profit rises 10% YoY to Rs 21,121 crore, beats estimatesBusiness crosses Rs 110 trillion markSBI said its total business crossed the Rs 110 trillion mark during the quarter under review. The lender's deposits crossed Rs 60 trillion, while advances surpassed Rs 50 trillion.Whole bank advances grew 19% YoY, while domestic advances increased 18.15%. Foreign office advances rose 21% in rupee terms and 10% in dollar terms.Growth remained broad-based across retail, agriculture, SME, and corporate loans. RAM (Retail, Agriculture, and MSME) advances increased 18.20% YoY, with all segments registering double-digit growth.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)