SBI Cards and Payment Services Limited announced a 13% year-over-year increase in total revenue, reaching ₹5,136 Cr in Q2 FY26. Profit after tax (PAT) also saw a 10% increase, totaling ₹445 Cr. The company’s cards-in-force grew by 10% to 2.15 Cr, while spends increased by 31% to ₹107,063 Cr. The results reflect continued growth in key financial metrics and strong operational performance.
Key Financial Highlights for Q2 FY26
SBI Cards and Payment Services Limited reported the following financial results for the quarter ended September 30, 2025:
- Total Revenue: Increased by 13% YoY to ₹5,136 Cr (vs. ₹4,556 Cr in Q2 FY25)
- Profit After Tax (PAT): Up 10% to ₹445 Cr (vs. ₹404 Cr in Q2 FY25)
- ROAA: 2.6%
- ROAE: 12.1%
- Capital Adequacy Ratio: 22.5%, Tier 1 at 17.5%
Business Performance
The company also highlighted the following operational achievements:
- Cards-in-Force: Grew by 10% YoY to 2.15 Cr
- New Accounts Volume: 936K
- Total Spends: Increased by 31% YoY to ₹107,063 Cr
- Receivables: Grew by 8% YoY to ₹59,845 Cr
- Market Share: Card-in-force at 19.0%, Spends at 17.0%
Income Statement Analysis
Total income increased by 13% to ₹5,136 Cr. Key factors contributing to this growth include:
- Interest income increased by 9% to ₹2,490 Cr
- Fees and commission income increased by 16% to ₹2,471 Cr
Finance costs declined by 4% to ₹760 Cr, driven by lower cost of borrowings.
Balance Sheet Overview
Key balance sheet figures as of September 30, 2025:
- Total Balance Sheet Size: ₹69,862 Cr
- Total Advances (Net of provisions): ₹57,856 Cr
- Net Worth: ₹14,861 Cr
Asset Quality
Asset quality metrics as of September 30, 2025:
- Gross Non-Performing Assets: 2.85% of gross advances
- Net Non-Performing Assets: 1.29% of gross advances
Capital Adequacy
The company’s Capital Adequacy Ratio (CRAR) stood at 22.5% as of September 30, 2025, with Tier I capital at 17.5%.
Source: BSE