| 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
- ₹611.20
- Market cap
- ₹58,164 Cr
- Revenue (annual)
- ₹19,900 Cr
- Net profit (annual)
- ₹2,167 Cr
- P/E (TTM)
- 25.6×Sector 22.0×
- Promoter holding
- 68.86%-0.06% QoQ
- FII holding
- 8.98%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
All →SBI Cards and Payment Services Employee Stock Options
SBI Cards and Payment Services Ltd allotted 685 equity shares under its 2023 ESOP Plan. The shares were issued at an exercise price of Rs. 10 per share.
SBI Cards and Payment Services Product Launch
SBI Card launched a 100% digital journey on the SBI YONO platform, enabling customers to easily apply for secured credit cards backed by fixed deposits.
SBI Cards and Payment Services Other Announcement
SBI Cards received an ESG rating of 76.31 from Niche Ninety Nine, a SEBI-registered ESG Rating Provider. The rating was disclosed under Regulation 30 of SEBI LODR Regulations.
SBI Cards and Payment Services Other Announcement
SBI Card has been assigned an ESG score of 66 by ESG Risk Assessments & Insights Limited.
SBI Cards and Payment Services Earnings Call Transcript: Key Takeaways
SBI Card Q1 FY27 PAT grew 20% YoY to INR664Cr, driven by improved credit costs. Market share in spends increased to 19.5%.
SBI Cards and Payment Services Investor Presentation: Key Takeaways
SBI Card reported Q1 FY27 PAT of ₹664 Cr, a 20% YoY increase, driven by improved credit costs. Business volumes grew with new accounts crossing 1Mn+ and spends reaching ₹118,475 Cr.