.png)
The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the Q4 FY’26 and the financial year ended March 31, 2026.
Performance Highlights Q4 FY26
Total Revenue increased by 7% YoY at ₹5,187 Cr in Q4 FY’26 vs ₹4,832 Cr in Q4 FY’25
PAT at ₹609 Cr in Q4 FY’26 vs ₹534 Cr in Q4 FY’25
ROAA at 3.6% in Q4 FY’26 vs 3.4% in Q4 FY’25
ROAE at 15.6% in Q4 FY’26 vs 15.5% in Q4 FY’25
Capital Adequacy Ratio at 25.5%; Tier 1 at 20.0%
Business Highlights
New accounts volume at 917K accounts in Q4 FY’26 vs 1,109K accounts in Q4 FY’25
Card-in-force grew by 6% YoY at 2.21 Cr as of Q4 FY’26 vs 2.08 Cr as of Q4 FY’25
Spends grew by 31% YoY at ₹115,350 Cr in Q4 FY’26 vs ₹88,365 Cr in Q4 FY’25
Receivables grew by 2% YoY at ₹56,926 Cr in Q4 FY’26 vs ₹55,840 Cr in Q4 FY’25
Market share - for FY’26 Card-in-force is 18.6% (FY’25: 19.0%), Spends is 18.1% (FY’25: 15.7%).
Profit & Loss Account for the Quarter ended March 31, 2026
Total income increased by 7% to ₹5,187 Cr in Q4 FY’26 vs ₹4,832 Cr in Q4 FY’25. This movement was a result of one of following key factors:
Fees and other revenue increased by 13% to ₹2,553 Cr in Q4 FY’26 vs ₹ 2,259 Cr in Q4 FY’25
Finance costs decreased by 10% to ₹714 Cr in Q4 FY’26 vs ₹795 Cr in Q4 FY’25
Total Operating cost increased by 24% to ₹2,561 Cr in Q4 FY’26 from ₹2,073 Cr in Q4 FY’25
Earnings before credit cost decreased by 3% to ₹1,913 Cr in Q4 FY’26 vs ₹1,964 Cr in Q4 FY’25
Impairment losses & bad debts expenses decreased by 12% at ₹1,097 Cr in Q4 FY’26 vs ₹1,245 Cr in Q4 FY’25
Profit after tax increased by 14% at ₹609 Cr in Q4 FY’26 vs ₹534 Cr in Q4 FY’25.
Profit & Loss Account for the financial year ended March 31, 2026
Total income increased by 11% to ₹ 20,708 Cr in FY’26 vs ₹ 18,637 Cr in FY’25
Finance costs decreased by 3% to ₹ 3,072 Cr in FY’26 vs ₹ 3,178 Cr in FY’25
Total Operating cost increased by 22% to ₹ 9,760 Cr in FY’26 vs ₹ 8,007 Cr in FY’25
Earnings before credit cost increased by 6% to ₹ 7,876 Cr in FY’26 vs ₹ 7,452 Cr in FY’25
Impairment losses & bad debts expenses increased by 2% to ₹ 4,962 Cr in FY’26 vs ₹ 4,872 Cr in FY’25
Profit after tax increased by 13% at ₹ 2,167 Cr in FY’26 vs ₹ 1,916 Cr in FY’25
Balance Sheet as of March 31, 2026
Total Balance Sheet size as of March 31,2026 has been ₹66,328 Cr as against ₹65,546 Cr as of March 31, 2025
Total Gross Advances (Credit card receivables) as of March 31,2026 were ₹56,926 Cr, as against ₹55,840 Cr as of March 31, 2025
Net worth as of March 31,2026 has been ₹15,797 Cr as against ₹13,853 Cr as of March 31, 2025
Asset Quality
The Gross non-performing assets were at 2.41% of gross advances as of March 31,2026 as against 3.08% as of March 31, 2025. Net non-performing assets were at 1.04% as of March 31, 2026 as against 1.46% as of March 31, 2025.
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 March 31, 2026, Company’s CRAR was 25.5% compared to 22.9% as of March 31, 2025.
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 20.0% as of March 31,2026 compared to 17.5% as of March 31, 2025.
Rating
CRISIL Long Term - AAA/Stable
CRISIL Short Term - A1+
ICRA Long Term - AAA/Stable
ICRA Short Term - A1+
Summary Profit and Loss Statement (Rs Cr)
No comments:
Post a Comment