ALFA Finder| Revenue growth | 11% YoY for FY26. |
|---|---|
| Margins | NIM improved to 11.2% in FY26; cost of funds at 6.7%. |
| Order book | Cards-in-force market share at 18.6%. |
| Demand visibility | Strong adoption in Tier 2+ markets via UPI on credit cards. |
| Management confidence | High on digital acquisition and credit cost moderation. |
Growth
FY26 spends hit benchmark ₹4.3 trillion. Q4 PAT grew 14% YoY to ₹609cr; receivables reached ₹56,926cr (+2% YoY).
Outlook
Targeting 9L-1M new card additions per quarter; ROA target 4.0-4.5%; cost-to-income guidance 55-58% for FY27.
Risks
Downward bias in revolver rates (22%); rising cost-to-income (55.3% for FY26) due to high corporate spends; geopolitical uncertainties.
Earnings Call filed with BSE, NSE: SBICARD. Summary written with AI assistance from the document.
SBI Cards and Payment Services Ltd: key numbers
- Share price
- ₹584.75
- Market cap
- ₹55,648 Cr
- Revenue (annual)
- ₹19,900 Cr
- Net profit (annual)
- ₹2,167 Cr
- P/E (TTM)
- 21.3×Sector 20.8×
- Promoter holding
- 68.86%+0.00% QoQ
- FII holding
- 7.12%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from SBI Cards and Payment Services Ltd
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SBI Cards and Payment Services Credit Rating
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SBI Cards and Payment Services Earnings Call Transcript: Key Takeaways
SBI Cards reported a strong 75% YoY profit jump driven by significantly lower credit costs, despite flat revenue growth and margin pressure from rising funding costs.
- Call
- Guides 18% growth
SBI Cards and Payment Services Results Update
SBI Card posted Q2 FY27 PAT of ₹778 Cr, up 75% YoY, on revenue of ₹5,302 Cr. Board-approved results show improved asset quality and capital adequacy.
SBI Cards and Payment Services Investor Presentation: Key Takeaways
SBI Card Q2 FY27 PAT grew 75% YoY to ₹778 Cr, driven by lower credit costs and operational efficiency. Asset quality improved with GNPA at 1.90% and RoAA at 4.4%.