Performance Highlights Q3 FY26
Total Revenue increased by 12% YoY at ₹ 5,353 Cr in Q3 FY26 v/s ₹ 4,767 Cr in Q3 FY25
PAT increased by 45% YoY at ₹ 557 Cr in Q3 FY26 v/s ₹ 383 Cr in Q3 FY25
ROAA at 3.2% in Q3 FY26 v/s 2.4% in Q3 FY25
ROAE at 14.7% in Q3 FY26 v/s 11.5% in Q3 FY25
Capital Adequacy Ratio at 24.4%; Tier 1 at 19.1%
Business Highlights
Total Spends grew by 33% at ₹ 1,14,702 Cr in Q3 FY26 v/s ₹ 86,093 Cr in Q3 FY25
Receivables grew by 4% at ₹ 57,213 Cr in Q3 FY26 v/s ₹ 54,773 Cr in Q3 FY25
Cards-in-force grew by 8% at 2.18 Cr as of Q3 FY26 v/s 2.02 Cr as of Q3 FY25
New accounts volume at 864K in Q3 FY26 v/s 1,175K in Q3 FY25
Market share for Card-in-force 18.8% as of Dec’25 Vs Dec’24: 18.7%), Spends 17.7% (for 9M of FY’26) Vs 15.6% (for 9M of FY’25), #2 for Cards-in-force and #3 for spends, in industry
Profit & Loss Account for the Quarter ended December 31, 2025
Total income increased by 12% at ₹ 5,353 Cr in Q3 FY26 v/s ₹ 4,767 Cr in Q3 FY25. This movement was a result of the following key factors:
Interest income increased by 6% at ₹ 2,536 Cr in Q3 FY26 v/s ₹ 2,399 Cr in Q3 FY25
Fees and Other Revenue increased by 17% at ₹ 2,591 Cr in Q3 FY26 v/s ₹ 2,220 Cr in Q3 FY25
Finance costs decreased by 5% at ₹ 785 Cr in Q3 FY26 v/s ₹ 829 Cr in Q3 FY25
Total Operating cost increased by 23% at ₹ 2,597 Cr in Q3 FY26 from ₹ 2,107 Cr in Q3 FY25
Earnings before credit costs increased by 8% at ₹ 1,971 Cr in Q3 FY26 v/s ₹ 1,831 Cr in Q3 FY25
Impairment on financial instruments decreased by 7% at ₹ 1,222 Cr in Q3 FY26 v/s ₹ 1,313 Cr in Q3 FY25
Profit after tax increased by 45% at ₹ 557 Cr in Q3 FY26 v/s ₹ 383 Cr in Q3 FY25
Balance Sheet as of December 31, 2025
Total Balance Sheet size as of December 31, 2025, at ₹ 67,365 Cr as against ₹ 65,546 Cr as of March 31, 2025
Total Advances (Net of provisions) as of December 31, 2025, at ₹ 55,224 Cr, as against ₹ 53,935 Cr as of March 31, 2025
Net worth as of December 31, 2025, at ₹ 15,424 Cr as against ₹ 13,853 Cr as of March 31, 2025
Asset Quality
The Gross non-performing assets were at 2.86% of gross advances as of December 31, 2025, as against 3.24% as of December 31, 2024. Net non-performing assets were at 1.28% as of December 31, 2025, as against 1.18% as of December 31, 2024.
Capital Adequacy
As per the capital adequacy norms issued by the RBI, Company’s capital to risk ratio consisting of Tier I and Tier II capital should not be less than 15% of its aggregate risk weighted assets on - balance sheet and of risk adjusted value of off-balance sheet items. As of December 31, 2025, Company’s CRAR was 24.4% compared to 22.9% as of December 31, 2024.
The Tier I capital in respect of an NBFC-ND-SI, at any point of time, can’t be less than 10%. Company’s Tier I capital was 19.1% as of December 31, 2025, compared to 17.0% as of December 31, 2024.
Rating
CRISIL Long Term - AAA/Stable
CRISIL Short Term - A1+
ICRA Long Term - AAA/Stable
ICRA Short Term - A1+
About SBI Card
SBI Cards and Payment Services Limited (“SBI Card”) is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel, and banking partnerships cards along with corporate cards covering all major cardholders’ segments in terms of income profile and lifestyle. The Company has a wide base of over 21 MM+ cards in force as of 31 December 2025. SBI Card has a diversified customer acquisition network that enables to engage prospective customers across multiple channels.
The Company is listed on National Stock Exchange (“NSE”) and The Bombay Stock Exchange (“BSE”).
P.S. The brand name of the Company is ‘SBI Card’ and it is registered in the name of ‘SBI Cards and Payment Services Limited’. The Company trades under the entity name ‘SBICARD’ on stock exchanges.
For investor queries email investor.relations@sbicard.com
No comments:
Post a Comment