SBI Cards and Payment Services Limited announced a 45% YoY increase in profit after tax (PAT) for Q3 FY26, reaching ₹557 Crore. Total revenue increased by 12% YoY to ₹5,353 Cr. The company also reported growth in total spends and receivables. This strong performance reflects a positive trend in the credit card industry.
Financial Performance Highlights
SBI Cards and Payment Services Limited reported strong financial results for the quarter ended December 31, 2025 (Q3 FY26):
- Total Revenue increased by 12% YoY to ₹5,353 Cr, compared to ₹4,767 Cr in Q3 FY25.
- Profit After Tax (PAT) surged by 45% YoY to ₹557 Cr, up from ₹383 Cr in Q3 FY25.
- Return on Average Assets (ROAA) stood at 3.2%, compared to 2.4% in Q3 FY25.
- Return on Average Equity (ROAE) improved to 14.7% from 11.5% in the same period last year.
- The company’s Capital Adequacy Ratio was healthy at 24.4%, with Tier 1 capital at 19.1%.
Key Business Metrics
The company demonstrated growth across several key business metrics:
- Total Spends grew significantly by 33% to ₹1,14,702 Cr.
- Receivables increased by 4% to ₹57,213 Cr.
- Cards-in-force grew by 8%, reaching 2.18 Cr.
Detailed Income Statement Analysis
A closer look at the income statement reveals the following:
- Total Income increased by 12% to ₹5,353 Cr.
- Interest Income grew by 6% to ₹2,536 Cr.
- Fees and Other Revenue increased by 17% to ₹2,591 Cr.
- Finance costs decreased by 5% to ₹785 Cr.
- Total Operating cost increased by 23% to ₹2,597 Cr.
Balance Sheet Highlights
Key figures from the balance sheet as of December 31, 2025:
- Total Balance Sheet size reached ₹67,365 Cr.
- Total Advances (Net of provisions) amounted to ₹55,224 Cr.
- Net worth stood at ₹15,424 Cr.
Asset Quality
The company maintained a stable asset quality profile:
- Gross Non-Performing Assets (GNPA) were at 2.86% of gross advances.
- Net Non-Performing Assets (NNPA) were at 1.28%.
Credit Ratings
SBI Card’s strong credit ratings were reaffirmed:
- CRISIL Long Term: AAA/Stable
- ICRA Long Term: AAA/Stable
Source: BSE
