SBI Cards and Payment Services Limited announced robust financial results for the second quarter of FY27, ending September 30, 2026. The company reported a significant 75% year-over-year increase in Profit After Tax (PAT) to ₹778 crore. This surge was driven by a 3% rise in total revenue to ₹5,302 crore and strong business growth, including an 8% increase in cards-in-force.
SBI Card Reports Strong Q2 FY27 Financial Performance
SBI Cards and Payment Services Limited has unveiled its financial results for the quarter ended September 30, 2026, showcasing impressive growth. The company’s Profit After Tax (PAT) witnessed a substantial increase of 75%, reaching ₹778 crore in the second quarter of FY27, compared to ₹445 crore in the same period last year (Q2 FY26).
Revenue and Business Growth Drivers
This significant profit jump was underpinned by a healthy rise in total revenue, which grew by 3% to ₹5,302 crore in Q2 FY27, up from ₹5,136 crore in Q2 FY26. The company also highlighted key business growth metrics, including an 8% year-over-year increase in cards-in-force, reaching 2.32 crore. New accounts volume also saw a substantial increase, rising to 1,106K in Q2 FY27 from 936K in Q2 FY26. Spends grew by 3% year-over-year to ₹110,689 crore.
Key Financial Highlights
Further financial performance indicators for Q2 FY27 include:
- Return on Assets (ROAA) increased to 4.4% from 2.6%.
- Return on Equity (ROAE) improved to 18.4% from 12.1%.
- Capital Adequacy Ratio stood at 26.5%, with Tier 1 capital at 21.2%.
Balance Sheet and Asset Quality
As of September 30, 2026, SBI Card’s total balance sheet size was ₹71,102 crore, an increase from ₹66,328 crore as of March 31, 2026. The company also reported improvements in asset quality, with Gross non-performing assets (NPAs) at 1.90% of gross advances, down from 2.85% a year prior. Net NPAs stood at 0.77% compared to 1.29% in the previous year.
Summary Profit and Loss
The summary profit and loss statement for Q2 FY27 indicates strong operational performance. Total income rose by 3% to ₹5,302 crore. While finance costs increased by 4% and operating costs by 7%, earnings before credit costs saw a slight decrease of 1%. However, impairment losses and bad debts expenses significantly decreased by 37%, contributing to the overall profit growth.
Source: BSE
