ALFA Finder| Revenue growth | 3% YoY in Q1 FY27. |
|---|---|
| Margins | Net interest margin at 10.8%; portfolio yield at 16%. |
| Demand visibility | Strong retail spending expected to continue; festive season uptick anticipated in Q3. |
| Management confidence | High; confident in delivering profitable growth and strengthening market position in FY27. |
Growth
Revenue grew 3% YoY to INR5,205Cr. Cards in force reached 2.26 crores, up 7% YoY.
Outlook
Targeting ROA of 4% to 4.5% in medium term. Cost-to-income ratio expected between 56% to 58% for FY27.
Risks
Geopolitical uncertainties affecting fuel prices and inflation; potential impact from Middle East conflict on asset quality.
Last quarter's promises, checked
Delivered
- Guided 9L-10L new accounts → delivered 1M+ (= BEAT)
- Guided cost-to-income 55%-58% → delivered 57.2% (= BEAT)
- Guided credit cost moderation → delivered 6.5% vs 7.7% (= BEAT)
Missed
- Guided stable NIM → delivered 10.8% vs 11.1% (= MISS)
Earnings Call Transcript 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
All →SBI Cards and Payment Services Employee Stock Options
SBI Cards allotted 5,560 equity shares on exercise of options under its ESOP Plan 2019 and 2023. Paid-up capital rose to Rs.9,516.43 Crore post-allotment.
SBI Cards and Payment Services Partnership
SBI Card, Air India and Visa announced a partnership to develop a co-branded Visa credit card. The program will offer travel benefits to Maharaja Club members.
SBI Cards and Payment Services Credit Rating
ICRA reaffirmed SBI Cards' AAA (Stable) ratings across its debt instruments and bank facilities. Matured NCDs were withdrawn with no outstanding amount.
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%.