SBI Card Q2 FY27 PAT Jumps 75% YoY to ₹778 Cr on Revenue Growth
SBI Cards reported a 75% YoY increase in PAT to ₹778 crore for Q2 FY27. Total revenue grew 3% to ₹5,302 crore. Cards-in-force increased 8% to 2.32 crore, and spends grew 3% to ₹110,689 crore. Gross NPAs improved to 1.90% and Net NPAs to 0.77%. CRAR was 26.5%.
The substantial increase in profitability and positive trends in key business and asset quality metrics are material and are likely to be viewed favorably by investors.
The company reported significant year-on-year growth in Profit After Tax (PAT) and improvements in asset quality, alongside steady revenue and business growth.
SBI Cards and Payment Services Limited announced its financial results for the quarter and half-year ended September 30, 2026. The company's Profit After Tax (PAT) surged by 75% year-on-year to ₹778 crore in Q2 FY27, compared to ₹445 crore in Q2 FY26.
Total Revenue from operations saw a 3% increase, reaching ₹5,302 crore in Q2 FY27, up from ₹5,136 crore in the same period last year. This growth was driven by a 1% rise in interest income to ₹2,511 crore and a 6% increase in fees and other income to ₹2,630 crore.
Despite a 4% increase in finance costs to ₹787 crore and a 7% rise in total operating costs to ₹2,649 crore, the company managed to reduce impairment losses and bad debts expenses by 37% to ₹819 crore. Consequently, Earnings Before Credit Costs saw a marginal decrease of 1% to ₹1,865 crore.
The company reported a Cards-in-force growth of 8% YoY to 2.32 crore. Spends grew by 3% YoY to ₹110,689 crore. The Gross non-performing assets (NPA) improved to 1.90% from 2.85% year-on-year, and Net NPAs improved to 0.77% from 1.29%.
The Capital Adequacy Ratio (CRAR) stood at 26.5%, with Tier 1 capital at 21.2%. The company's total balance sheet size grew to ₹71,102 crore as of September 30, 2026, from ₹66,328 crore as of March 31, 2026. Net worth increased to ₹17,244 crore.
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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.