SBI Cards Reports ₹5,035 Cr Revenue in Q1 FY26, PAT at ₹556 Cr

SBI Cards and Payment Services Limited today announced its financial results for the quarter ended June 30, 2025. The company recorded a 12% year-on-year (YoY) increase in total revenue, reaching ₹5,035 crore in Q1 FY26, compared to ₹4,483 crore in Q1 FY25. Profit After Tax (PAT) stood at ₹556 crore, down 6% YoY from ₹594 crore in the same quarter last year.

Key Financial Highlights (Q1 FY26 vs Q1 FY25):

• Total Revenue: ₹5,035 Cr, up 12%

• PAT: ₹556 Cr, down 6%

• Return on Average Assets (ROAA): 3.4% vs 4.1%

• Return on Average Equity (ROAE): 15.8% vs 19.1%

• Capital Adequacy Ratio: 23.2% (Tier I: 17.9%)

Business Performance:

• Cards-in-force rose 10% YoY to 2.12 Cr

• New accounts stood at 873K, compared to 904K last year

• Spends grew 21% YoY to ₹93,244 Cr

• Receivables increased 7% YoY to ₹56,607 Cr

• SBI Cards maintained its industry positioning with a 19.1% market share in cards-in-force (up from 18.5%) and 16.6% in spends (up from 15.9%), ranking #2 and #3 respectively.

Detailed Profit & Loss Overview:

• Interest Income: ₹2,493 Cr, up 11%

• Fees & Commission: ₹2,384 Cr, up 13%

• Finance Costs: ₹813 Cr, up 6%

• Operating Costs: ₹2,123 Cr, up 17%

• Earnings before credit costs: ₹2,100 Cr, up 11%

• Credit Costs (Impairment/Bad Debts): ₹1,352 Cr, up 23%

Balance Sheet Snapshot (as of June 30, 2025):

• Total Assets: ₹66,009 Cr (vs ₹65,546 Cr as of March 31, 2025)

• Gross Advances (Receivables): ₹56,607 Cr

• Net Worth: ₹14,413 Cr

Asset Quality:

• Gross NPA: 3.07% (vs 3.06% in Q1 FY25)

• Net NPA: 1.42% (vs 1.11% in Q1 FY25)

Capital Adequacy:

• CRAR: 23.2% (RBI minimum: 15%)

• Tier I Capital: 17.9% (RBI minimum: 10%)