SBI Card Q2 FY27 PAT Soars 75% YoY to ₹778 Crore; Revenue Up 4% YoY
SBI Cards reported Q2 FY27 PAT of ₹778 Crore, up 75% YoY. Revenue from operations increased 4% YoY to ₹5,141 Crore. New accounts grew 18% YoY to 1.11 million. GNPA stood at 1.90% and NNPA at 0.77%. The company launched new products and partnerships, including the Google Pay Flex SBI Card.
Significant year-on-year growth in profit and revenue, coupled with strategic product launches and partnerships, is expected to have a material positive impact on the company's financial standing and market position.
The company reported strong year-on-year growth in PAT and revenue, along with improved asset quality and key business metrics, indicating a positive financial performance.
SBI Cards and Payment Services Limited has announced its financial results for the quarter and half-year ended September 30, 2026. The company reported a Profit After Tax (PAT) of ₹778 Crore for Q2 FY27, marking a significant 75% year-on-year (YoY) increase and a 17% quarter-on-quarter (QoQ) growth. Revenue from operations grew by approximately 4% YoY to ₹5,141 Crore.
The company highlighted key business metrics, with the number of new accounts sourced reaching 1.11 million in Q2 FY27, an 18% YoY increase. Retail spends showed a broad-based increase across categories, and UPI spends on RuPay cards saw over 17% growth QoQ. The Cost to Income ratio stood at 58.7%, and credit cost was significantly lower at 5.6%.
Asset quality remained robust, with Gross Non-Performing Assets (GNPA) at 1.90% and Net Non-Performing Assets (NNPA) at 0.77%. The company maintained a comfortable Capital Adequacy Ratio (CAR) of over 26%. SBI Card also announced strategic developments, including partnerships with Google Pay for the 'Google Pay Flex SBI Card' and continued collaboration with Apple for special offers.
Recent developments also include the launch of a digital journey for Secured Card on YONO and strengthening regional connect through partnerships like SIIMA. The company received recognition for being among the Top 25 Safest Workplaces in India and its MD & CEO, Ms. Salila Pande, was honored in the Top 10 Professional CEOs list by the Candere Hurun India Women Leaders.
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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.