SBI Card Q3 FY26 PAT Soars 45% YoY to ₹557 Cr on Robust Growth
SBI Cards reported a Q3 FY26 Profit After Tax of ₹557 Crore, a 45% YoY increase. Revenue from operations grew 11% YoY to ₹5,127 Crore. Retail Spends rose 8% YoY to ₹91,962 Crore, and Corporate Spends increased 14% YoY to ₹57,213 Crore. Cards-in-force reached 2.18 Crore.
The significant year-on-year growth in profit and revenue, coupled with positive trends in business volumes and asset quality, is likely to have a material positive impact on investor sentiment and the company's stock performance.
The company reported strong year-on-year growth in profit and revenue, along with healthy increases in key business metrics like spends and cards-in-force. Asset quality also showed improvement with a decline in credit costs.
SBI Cards and Payment Services Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a Profit After Tax (PAT) of ₹557 Crore for Q3 FY26, marking a significant 45% year-on-year (YoY) increase and a 25% quarter-on-quarter (QoQ) rise. This robust profitability was driven by strong growth in spends and improved credit costs.
Revenue from operations stood at ₹5,127 Crore for Q3 FY26, up 11% YoY and 3% QoQ. The company saw a substantial increase in its business volumes, with Retail Spends growing by 8% YoY to ₹91,962 Crore and Corporate Spends increasing by 14% YoY to ₹57,213 Crore. Cards-in-force grew by 8% YoY to 2.18 Crore, and Receivables increased by approximately 4% YoY.
The company's asset quality remained strong, with Gross Non-Performing Assets (GNPA) at 2.86% and Net Non-Performing Assets (NNPA) at 1.28%. The Credit Cost declined to 8.3% in Q3 FY26 from 9.0% in the previous quarter, attributed to lower write-offs.
Key Highlights for Q3 FY26 included a 26% YoY increase in New Accounts to 48.64 lacs, a 45% YoY growth in PAT to ₹557 Crore, and a 33% YoY increase in Receivables to ₹114,702 Crore. The Cost to Income ratio improved to 56.8%, and ROAA stood at 3.2%.
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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.