SBI Cards reports ₹444.77 crore PAT for Q2 FY26; Gross NPA improves to 2.85%
SBI Cards reported Q2 FY26 PAT of ₹444.77 crore, with revenue at ₹4,960.98 crore. Gross NPA improved to 2.85%. Additional provisions were made for standard assets and stamp duty.
The announcement contains important financial results and operational metrics for the quarter and half year. The improvement in asset quality is positive, but the additional provisions for potential future risks and past liabilities indicate cautious management, which could be seen as a mixed signal for investors. This level of detail warrants a medium impact.
While the company reported positive profit after tax and an improvement in asset quality (Gross and Net NPA), the management also made significant additional provisions for standard assets due to festive period trends and for a pending stamp duty matter. These provisions temper the positive financial performance, leading to a neutral sentiment.
SBI Cards and Payment Services Limited announced its unaudited financial results for the quarter and half year ended September 30, 2025. Key highlights include: * Profit After Tax (PAT): The company reported a PAT of ₹444.77 crore for the quarter ended September 30, 2025, and ₹1,000.74 crore for the half year ended September 30, 2025. * Revenue from Operations: Total revenue from operations for the quarter was ₹4,960.98 crore, and for the half year, it was ₹9,837.89 crore. * Earnings Per Share (EPS): Basic and Diluted EPS stood at ₹4.67 for the quarter and ₹10.52 for the half year. * Asset Quality: Gross Non-Performing Assets (Stage 3 balance) improved to 2.85% as of September 30, 2025, compared to 3.08% as of March 31, 2025. Net NPA (Stage 3 balance) also improved to 1.29% from 1.46% over the same period. * Provisions: The company holds a total expected credit loss provision of ₹1,989.09 crore on loan balances as of September 30, 2025. * Additional Provisions: Management made an additional provision of ₹28.05 crore on the standard portfolio due to historical portfolio trends during the festive period. A provision of ₹31.24 crore was also made for a pending stamp duty matter related to an amalgamation in June 2019. * Equity Capital: The paid-up equity capital increased to ₹951.55 crore as of September 30, 2025, due to the allotment of 19,800 equity shares (for the quarter) and 190,550 equity shares (for the half year) under the employee stock option scheme.
What to do with a filing like this
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 medium impact: worth reading, rarely worth acting on by itself.
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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.