SBI Card Q1 FY27 PAT Up 20% YoY to ₹664 Cr, Revenue at ₹5,205 Cr
SBI Cards reported Q1 FY27 results with PAT up 20% YoY to ₹664 Cr. Total revenue grew 3% to ₹5,205 Cr. Cards-in-force reached 2.26 Cr, and spends grew 27% YoY to ₹118,475 Cr. Gross NPA decreased to 2.04% and Net NPA to 0.83%. CRAR stood at 25.6%.
The announcement pertains to the financial results of a major listed company, impacting investors, the market, and stakeholders. Key financial metrics like PAT, revenue, and asset quality are crucial indicators of the company's performance and future prospects.
The company reported a significant year-on-year increase in profit after tax (20%) and robust growth in spends (27%), along with improved asset quality (lower NPAs) and a healthy capital adequacy ratio. These financial and business highlights indicate a positive performance.
SBI Cards and Payment Services Limited announced its financial results for the quarter ended June 30, 2026. The company's Profit After Tax (PAT) saw a year-on-year increase of 20%, reaching ₹664 crore, up from ₹556 crore in the same quarter last year. Total Revenue from operations grew by 3% to ₹5,205 crore in Q1 FY27, compared to ₹5,035 crore in Q1 FY26. The company's Return on Average Assets (ROAA) improved to 3.9% from 3.4%, and Return on Average Equity (ROAE) increased to 16.5% from 15.8% year-on-year.
Key business highlights for Q1 FY27 include a 7% YoY growth in cards-in-force to 2.26 crore, with new accounts volume at 1,023K. Spends surged by 27% YoY to ₹118,475 crore, and receivables grew by 3% YoY to ₹58,269 crore. The market share for card-in-force stood at 18.6%, and for spends, it was 19.5%.
The Profit and Loss statement shows a decrease in interest income by 3% to ₹2,421 crore, while fees and other revenue increased by 10% to ₹2,620 crore. Finance costs decreased by 8% to ₹745 crore. Total operating costs increased by 23% to ₹2,620 crore. Earnings before credit costs decreased by 12% to ₹1,841 crore, and impairment losses and bad debts expenses decreased by 30% to ₹948 crore.
As of June 30, 2026, the total balance sheet size was approximately ₹69,707 crore. Gross non-performing assets (NPA) were at 2.04% of gross advances, a decrease from 3.07% in the previous year. Net NPA was at 0.83% compared to 1.42% in the prior year. The Capital Adequacy Ratio (CRAR) was 25.6%, with Tier 1 capital at 20.3%.
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SBI Cards and Payment Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by SBI Cards and Payment Services Limited. Read the original for the full detail.