SBI Card has reported its Q4 FY26 earnings, demonstrating resilience in a evolving digital landscape. The company achieved a profit after tax of INR 609 crore for the quarter, marking a 14% year-on-year growth. Despite global uncertainties, SBI Card continues to strengthen its market position, with retail spending reaching INR 89,786 crore in Q4. The management remains focused on quality-led acquisitions and enhancing digital customer experiences through the SBI Card Sprint platform.
Financial Highlights of Q4 and Full-Year 2026
SBI Card concluded the financial year 2026 with robust performance metrics. For the full year, the company reported a profit after tax of INR 2,167 crore, representing a 13% year-on-year growth. Total revenue for the year stood at INR 20,708 crore, an 11% increase over the previous year, driven largely by high spend-based income. The net interest margin (NIM) showed improvement, closing the year at 11.2%.
Strategic Growth and Digital Transformation
The company maintains a strong presence in the industry, holding an 18.6% market share in cards-in-force. Digital initiatives remain at the core of their strategy; the SBI Card Sprint platform has accelerated customer onboarding, with new accounts added during the quarter reaching 917,000. The company has also expanded its product portfolio with co-branded cards, including Tata Neu, Flipkart, Indigo, and PhonePe, to tap into tech-savvy and aspirational customer segments.
Risk Management and Asset Quality
Asset quality has shown consistent improvement, with Gross NPA reducing to 2.41% for the quarter. Gross credit costs have improved by 55 basis points quarter-over-quarter to 7.7%. To navigate ongoing geopolitical and macroeconomic uncertainties, the company continues to maintain a management overlay of INR 220 crore within its Expected Credit Loss (ECL) provisions, reflecting a disciplined and cautious approach to risk management.
Dividend and Future Outlook
Demonstrating commitment to shareholder value, SBI Card declared an interim dividend of INR 2.50 per equity share for the fiscal year. Looking ahead to FY27, management plans to prioritize profitable growth and balanced asset building. The company expects to continue its focus on installment lending and hyper-personalization, while remaining vigilant regarding the macroeconomic environment to ensure long-term stability.
Source: BSE
