ALFA Finder| Margins | ROAA at 3.9% (up 51 bps YoY); NIM at 10.8%. |
|---|---|
| Demand visibility | Strong; new accounts crossed 1Mn in Q1 FY27. |
Growth
Revenue from operations grew 3% YoY to ₹5,041 Cr. PAT increased 20% YoY and 9% QoQ.
Outlook
Focus on recycled plastic cards (25% target by FY30) and 50% Scope 2 emission reduction by FY27.
Risks
Cost to income ratio rose to 58.7% (up 846 bps YoY). Yields compressed 102 bps YoY.
Last quarter's promises, checked
Delivered
- Guided 9L-10L new accounts → delivered 1Mn+ (= BEAT)
- Guided reducing credit cost trend → delivered <7% (= BEAT)
- Guided GNPA reduction → delivered 2.04% vs 2.41% (= BEAT)
Partly delivered
- Guided ROA 4-4.5% medium term → delivered 3.9% (= PARTIAL)
Missed
- Guided NIM to remain stable → delivered 10.8% vs 11.1% (= MISS)
- Guided Cost/Income 55-58% → delivered 58.7% (= MISS)
Investor Presentation filed with NSE, 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 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%.