SBI Cards and Payment Services (SBICARD) — Financial Results

1 Financial Results 🔴 High Importance ✨ Positive 📄 PDF

SBI Cards reported Q2 FY26 total revenue of ₹5,136 crore, up 13% YoY, with PAT at ₹445 crore, up 10% YoY. Cards-in-force grew 10% YoY to 2.15 crore, while spends surged 31% YoY to ₹107,063 crore. Market share expanded to 19.0% for cards-in-force and 17.0% for spends. Gross NPAs improved to 2.85% from 3.27% YoY. Capital adequacy ratio strengthened to 22.5%.

2 Financial Results 🔴 High Importance Neutral 📄 PDF

SBI Cards reported Q2 FY26 net profit of ₹445 crores, up 10% YoY but down 20% QoQ. Revenue grew 12% YoY to ₹4,961 crores with receivables reaching ₹59,845 crores (8% YoY). Cards-in-force increased to 2.15 crores (10% YoY). Credit cost improved to 9.0% from 9.6% QoQ, while cost-to-income ratio increased to 56.8% from 53.6% QoQ, driven by higher operational costs. ROA declined to 2.6% from 3.0% QoQ.

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About SBI Cards and Payment Services Limited (SBICARD)

Financial Services · Finance · Listed on NSE

Market Cap: ₹59,570.5 Cr P/E: 27.5

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.

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