SBI Cards and Payment Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
SBI Cards reported Q1 FY27 PAT of Rs 664 crores, up 20% year-on-year, driven by improved credit cost, while total revenue grew 3% year-on-year to Rs 5,205 crores. Cards in force grew 7% year-on-year to around Rs 2.26 crores, with total spends reaching Rs 1,18,475 crores, up 27% year-on-year, and retail spend up 14% year-on-year. Gross NPA improved to 2.04% and net NPA fell to 0.83%, while management said receivables growth is expected to pick up from the second half of the financial year.
SBI Cards reported Q4 FY26 total revenue of Rs 5,187 crore, up 7% year-on-year, and profit after tax of Rs 609 crore, up 14% year-on-year, while FY26 profit after tax was Rs 2,167 crore, up 13%. Asset quality improved with gross credit cost down 55 basis points quarter-over-quarter to 7.7% and GNPA down 46 basis points to 2.41%. Management said new account acquisition of 917,000 in the quarter was in line with its stated target range and reiterated that revolver balances are expected to see a slight downward bias in FY27.