| Management target | Revenue 17.5% FY27 |
|---|
| Revenue growth | 4% YoY growth; revenue from operations reached ₹5,141 Cr. |
|---|---|
| Margins | NIM at 10.8%; pressure from rising interest rates and borrowing costs. |
| Demand visibility | Strong festive demand expected in Q3; Tier 2/3 markets showing momentum. |
| Management confidence | Balanced; optimistic on festive spends but cautious on macro uncertainties. |
Growth
Profit after tax reached ₹778 Cr; retail spends grew 6% YoY. UPI on credit cards grew 17% QoQ, offsetting seasonal Q2 weakness.
Outlook
Management expects quarterly run rate of over 1 million new accounts and guides retail spend growth in mid-to-high teens for FY27.
Risks
Margins under pressure as cost of funds rose 18 bps QoQ. Persistent geopolitical tensions in West Asia led to an additional ₹30 Cr macro-provisions.
Earnings Call Transcript filed with NSE, NSE: SBICARD. Summary written with AI assistance from the document.
SBI Cards and Payment Services Ltd: key numbers
- Share price
- ₹527.55
- Market cap
- ₹50,204 Cr
- Revenue (annual)
- ₹19,900 Cr
- Net profit (annual)
- ₹2,167 Cr
- P/E (TTM)
- 19.2×Sector 19.7×
- 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 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 Matured NCDs were withdrawn with no outstanding amount.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 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%.
SBI Cards and Payment Services Q2 FY27 Results: Net Profit ₹777.6 Cr, Up 74.8% YoY
SBI Cards and Payment Services Ltd reported revenue from operations of ₹5,140 Cr (+3.6% YoY) and net profit of ₹777.6 Cr (+74.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹777.6 Cr · +74.8% YoY
SBI Cards and Payment Services Board Meeting Date
SBI Cards scheduled its Board meeting for 23 Oct 2026 to consider unaudited Q2/H1 results. The trading window is closed from 1 Oct 2026 until 48 hours post-results.