SBI Cards and Payment Services Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a robust 13% year-on-year growth in annual profit after tax, reaching ₹2,167 crore. Driven by a 31% surge in annual spends, the organization maintains a strong capital position with a 25.5% Capital Adequacy Ratio, reflecting steady growth despite a competitive landscape in the credit card market.
Financial Performance Overview
For the financial year ended March 31, 2026, SBI Cards delivered a strong performance, with total income rising by 11% to ₹20,708 crore. The company’s annual profit after tax stood at ₹2,167 crore, marking a 13% increase compared to the previous fiscal year. In the fourth quarter (January-March 2026), the company recorded a profit of ₹609 crore, supported by a 7% growth in total revenue to ₹5,187 crore.
Business Growth and Customer Acquisition
The company continues to expand its reach, reporting 2.21 crore cards-in-force as of March 2026, a 6% growth over the previous year. A notable highlight for the fiscal year was the 31% increase in annual spends, which reached ₹1,15,350 crore in the final quarter alone. This performance underscores the company’s ability to drive engagement across its diversified portfolio of lifestyle, travel, and banking partnership cards.
Asset Quality and Capital Strength
SBI Cards has demonstrated improved asset quality metrics, with Gross non-performing assets declining to 2.41% as of March 31, 2026, compared to 3.08% in the prior year. Similarly, Net non-performing assets dropped to 1.04%. The company maintains a healthy balance sheet, with total net worth rising to ₹15,797 crore and a robust Capital Adequacy Ratio (CRAR) of 25.5%, ensuring it remains well-positioned to meet future capital requirements and regulatory standards.
Source: BSE
