SBI Cards And Payment Services Limited Report Robust Financial Results For Quarter Ended September 30, 2025

Total Revenue at ₹ 5,136 Cr Up 13% YoY; PAT at ₹ 445 Cr Up 10% YoY

      The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the Quarter ended September 30, 2025

Performance Highlights Q2 FY26

• Total Revenue increased by 13% YoY at ₹ 5,136 Cr in Q2 FY26 v/s ₹ 4,556 Cr in Q2 FY25

• PAT at ₹ 445 Cr in Q2 FY26 v/s ₹ 404 Cr in Q2 FY25

• ROAA at 2.6% in Q2 FY26 v/s 2.7% in Q2 FY25

• ROAE at 12.1% in Q2 FY26 v/s 12.5% in Q2 FY25

• Capital Adequacy Ratio at 22.5%; Tier 1 at 17.5%

Business Highlights

• Cards-in-force grew by 10% YoY at 2.15 Cr as of Q2 FY26 v/s 1.96 Cr as of Q2 FY25

• New accounts volume at 936K in Q2 FY26 v/s 904K new accounts in Q2 FY25

• Spends grew by 31% YoY at ₹ 107,063 Cr in Q2 FY26 v/s ₹ 81,893 Cr in Q2 FY25

• Receivables grew by 8% YoY at ₹ 59,845 Cr in Q2 FY26 v/s ₹ 55,601 Cr in Q2 FY25

• Market share for *Q2 FY26 Card-in-force is at 19.0% (Q2 FY25: 18.5%), Spends is at 17.0% (Q2 FY25: 15.7%), #2 for Cards-in-force and #3 for spends, in industry. (Note-* As per RBI data available till Aug’25).

 Profit & Loss Account for the Quarter ended September 30, 2025

• Total income increased by 13% at ₹ 5,136 Cr in Q2 FY26 v/s ₹ 4,556 Cr in Q2 FY25. This movement was a result of the following key factors:

• Interest income increased by 9% at ₹ 2,490 Cr in Q2 FY26 v/s ₹ 2,290 Cr in Q2 FY25

• Fees and commission income increased by 16% at ₹ 2,471 Cr in Q2 FY26 v/s ₹ 2,131 Cr in Q2 FY25

• Finance costs declined by 4% at ₹ 760 Cr in Q2 FY26 v/s ₹ 788 Cr in Q2 FY25 due to Lower cost of borrowings.

• Total Operating cost increased by 24% at ₹ 2,484 Cr in Q2 FY26 from ₹ 2,011 Cr in Q2 FY25

• Earnings before credit costs increased by 8% at ₹ 1,892 Cr in Q2 FY26 v/s ₹ 1,757 Cr in Q2 FY25

• Impairment losses & bad debts expenses increased by 7% at ₹ 1,293 Cr in Q2 FY26 v/s ₹ 1,212 Cr in Q2 FY25

• Profit after tax increased by 10% at ₹ 445 Cr in Q2 FY26 v/s ₹ 404 Cr in Q2 FY25

Balance Sheet as of September 30, 2025

• Total Balance Sheet size as of September 30, 2025, was ₹ 69,862 Cr as against ₹ 65,546 Cr as of March 31, 2025

• Total Advances (Net of provisions) as of September 30, 2025, were ₹ 57,856 Cr, as against ₹ 53,935 Cr as of March 31, 2025

• Net worth as of September 30, 2025, was ₹ 14,861 Cr as against ₹ 13,853 Cr as of March 31, 2025

Asset Quality

The Gross non-performing assets were at 2.85% of gross advances as of September 30, 2025, as against 3.27% as of September 30, 2024. Net non-performing assets were at 1.29% as of September 30, 2025, as against 1.19% as of September 30, 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 September 30, 2025, Company’s CRAR was 22.5% compared to 22.1% as of September 30, 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 17.5% as of September 30, 2025, compared to 16.3% as of September 30, 2024.

Rating 

CRISIL Long Term - AAA/Stable

CRISIL Short Term - A1+

ICRA Long Term - AAA/Stable

ICRA Short Term - A1+

 Summary Profit and Loss Statement (₹ Cr)

 

Description	Q2 FY25	Q1 FY26	Q2 FY26	QoQ	YoY
Interest Income	2,290	2,493	2,490	0%	9%
Non-Interest Income (Fees, commission income & others)	2,131	2,384	2,471	4%	16%
Total Revenue from operations	4,421	4,877	4,961	2%	12%
Total Other Income	135	158	175	11%	30%
Total Income	4,556	5,035	5,136	2%	13%
Finance costs	788	813	760	-6%	-4%
Operating Costs	2,011	2,123	2,484	17%	24%
Earnings before credit costs	1,757	2,100	1,892	-10%	8%
Impairment losses & bad debts	1,212	1,352	1,293	-4%	7%
Profit before tax	545	748	600	-20%	10%
Profit after tax	404	556	445	-20%	10%

 

Summary Balance Sheet (₹ Cr)

 

Description	Mar'25	Sep'25
Assets
Loans (Net of provisions)	53,935	57,856
Cash & Bank Balances	2,738	3,333
Investments	6,235	5,906
Other Financial Assets & Trade Receivables	514	656
Total non-financial Assets	2,124	2,111
Total Assets	65,546	69,862
Liabilities and Equity
Total Equity	13,782	14,789
Borrowings, Subordinated Liabilities & Debt Securities	44,947	49,225
Other financial liabilities	4,974	4,028
Total non-financial liabilities	1,844	1,820
Total liabilities and equity	65,546	69,862

 

German IT Major - SAP - Announces Strong Q3 Results In Q2, 2025

SAP Announces Strong Q3 Results In Q2, 2025

SAP SE announced today its financial results for the third quarter ended September 30, 2025.  

At a glance

 

• Current cloud backlog of €18.8 billion, up 23% and up 27% at constant currencies

• Cloud revenue up 22% and up 27% at constant currencies

• Cloud ERP Suite revenue up 26% and up 31% at constant currencies

• Total revenue up 7% and up 11% at constant currencies

• IFRS operating profit up 12%, non-IFRS operating profit up 14% and up 19% at constant currencies

• SAP updates its 2025 cloud revenue, operating profit and free cash flow outlook

Q3 2025 | in € millions, unless otherwise stated

Christian Klein, CEO:

SAP delivered a great Q3 with strong cloud revenue growth of 27%. We are gaining market share as our customers are adopting solutions across the entire Business Suite, including Business Data Cloud and AI at accelerated pace. For Q4 we are executing against a strong pipeline - which gives us confidence in our accelerating total revenue growth ambition for 2026.

 

Dominik Asam, CFO:

Q3’s strong performance underscores the strength and agility of our model. Through disciplined execution and a sharp focus on profitability and cash flow, we’ve maintained forward momentum despite an uncertain macroeconomic backdrop. We enter the fourth quarter confident in our ability to deliver on our commitments, as reflected by an improved outlook for operating profit and free cash flow.

PNB Offers Online PPF Account Opening Through A Seamless Do-it- Yourself (DIY) Journey

Punjab National Bank (PNB), India’s leading public sector bank, is offering online digital Public Provident Fund (PPF) account opening facility through its PNB-One Mobile Banking App, Internet banking and PNB website. This initiative enables both existing PNB customers and new-to-bank customers to open PPF accounts entirely online through a seamless Do-It-Yourself (DIY) journey.

The new digital PPF platform represents PNB's commitment to making long-term investment products accessible to every Indian. Available across multiple digital touchpoints including PNB One mobile application, Internet Banking Services (IBS), and PNB's corporate website, this facility eliminates the traditional barriers of branch visits and paperwork for PPF account opening.

 Comprehensive Features for Enhanced Customer Experience

 The digital PPF platform offers a range of sophisticated features designed to enhance customer experience:

• Built-in PPF Calculator: Interactive tool to calculate investment returns with adjustable duration and amount sliders

• Video KYC Integration: Seamless video-based know-your-customer verification for new customers

• Multi-Authentication Options: Flexible login using Customer ID or Account Number for existing customers

• Aadhaar Integration: Secure authentication through Aadhaar-based verification

• Real-time Payment Processing: Instant payment through existing accounts or payment gateway

• Branch Selection Facility: Comprehensive branch search by state, district, or branch name 

Shri Suresh Kumar Rana, Chief General Manager HO: BA & RM, PNB said “We are ensuring that the benefits of PPF reach every corner of our nation. This facility is a paperless process and a new PPF account can be opened instantly from anywhere, at any time using bank’s online platforms”.

Honda India Foundation Hands Over 50 Customized "Honda CB350 Quick Response Team Vehicles To Karnataka Police" Under Project

‘Sadak Sahayak: Surakshit Marg, Surakshit Jiwan’

Supporting road safety, community welfare and faster emergency response across the state 

As part of its efforts to help build safer communities and to take a step forward towards Honda’s global vision of a collision-free society by 2050, Honda India Foundation (HIF), the CSR arm for all Honda group of companies in India has handed over 50 specially equipped Quick Response Team (QRT) vehicles to the Karnataka Police as part of its ‘Sadak Sahayak: Surakshit Marg, Surakshit Jiwan’ project. This initiative is part of HIF’s broader road safety and community welfare programme, aimed at creating safer roads and strengthening public safety mechanisms throughout the state.

As part of a larger national effort, HIF aims to handover 300 QRT vehicles by the end of this year across Gujarat, Haryana, Rajasthan, Karnataka, and Uttar Pradesh. Recently, a total of 200 Honda QRT vehicles were handed over to Gujarat, Chandigarh and Rajasthan police to strengthen road safety initiatives. The collaboration reflects Honda India Foundation’s continued focus on public-private partnerships in advancing road safety and community resilience. The initiative highlights a shared vision for safer roads and a better-managed traffic ecosystem.

The ceremony was held in the presence of Dr. G Parameshwara, Hon’ble Home Minister, Karnataka as the Chief guest, along with Shri. Tushar Girinath, IAS, Additional Chief Secretary to Government Home Department and Dr. M.A. Saleem, IPS, Director General and Inspector General of Police, Karnataka, Shri. Seemant Kumar Singh, IPS, Commissioner of Police, Bengaluru and Shri. Kartik Reddy, IPS, Joint Commissioner of Police (Traffic), Bengaluru as Guests of Honour.

Shri. Prabhu Nagaraj, Operating Officer, Corporate Affairs, Honda Motorcycle & Scooter India and Shri. Sunil Mittal, Operating Officer, Narsapura Plant, Honda Motorcycle & Scooter India also attended the ceremony to mark the handover of QRT vehicles, along with other key officials from Government of Karnataka and members from Honda Motorcycle & Scooter India.

The QRT vehicles, based on Honda CB350, are equipped with revolving flashers and blinkers, a public announcement system, siren, flashlight, side and rear storage boxes and two Honda safety helmets. These enhancements aim to help police teams respond more quickly in high-density and sensitive areas. The vehicles are intended to strengthen emergency response and empower police personnel with better tools to carry out their responsibilities effectively and safely. Designed for mobility and agility, they enhance the ability of officers to reach critical locations faster, saving lives, reducing injuries and improving on-ground law enforcement efficiency.

M.S. Dhoni Partner With Arth By Emcure To Launch “So Jao” - A Campaign Promoting Better Sleep And Everyday Well-Being

Arth by Emcure, a holistic wellness brand dedicated to blending science with nature, has announced its latest collaboration with cricket legend M.S. Dhoni to promote its offering, Arth Sleep Support Gummies. The partnership launches the brand’s new campaign, “So Jao”, which highlights Arth’s mission to prioritize peaceful sleep, helping people rejuvenate, restore balance and support overall well-being.

Rooted in the belief that true wellness begins with balance, “So Jao” takes a light-hearted yet meaningful approach to remind people about one of the most underrated acts of self-care, SLEEP. The campaign encourages individuals to slow down, relax and prioritize quality rest in their daily routine.

Known for his calm and composed demeanor, M.S. Dhoni perfectly embodies Arth’s values of harmony, resilience, and mindful living. In the campaign film, he appears in a refreshing and relatable avatar, encouraging everyone to pause, breathe and simply So Jao. Because no matter what keeps you up at night, a good night’s sleep is always the better choice.

Speaking about the collaboration, Namita Thapar, Executive Director, Emcure Pharmaceuticals Ltd., said, “Wellness begins with balance, and sleep plays a central role in that journey. Through ‘So Jao’, we want to remind people that rest is an act of self-care. Having M.S. Dhoni as the face of this thought brings authenticity and calm to the message. We hope that by offering well-designed nutraceuticals, we can help people enjoy better sleep while supporting their overall well-being.”

Sleep has emerged as a new health crisis, posing serious risks to both physical and mental well-being. Peer reviewed study published in Scientific Reports (Nature, 2025) found that Indian adults average about 6.9 hours of total daily sleep, including 6.4 hours of nighttime sleep, highlighting widespread short sleep durations.

Research published in the International Journal of Psychology (2025) revealed that sleep deprivation negatively impacts cognitive functions such as attention, memory, and decision-making. Interest in “sleep gummies” has surged, with search volume increasing by 650% over the past year. The study highlights a growing shift toward natural, non-habit-forming sleep aids such as melatonin and magnesium, which are increasingly being incorporated into nightly wellness routines to support better sleep. As a result, sleep supplements are increasingly being integrated into daily wellness routines to promote better sleep.

Formulated with Melatonin, L-theanine, Chamomile & Passion Flower Extract, the Arth Sleep Support Gummies are designed to aid sleep and relaxation. Each gummy is made with selected ingredients and tested for quality in FDA-approved labs in the USA. It’s 100% vegetarian and contains 5mg melatonin per serving, with minimal calories.

The “So Jao” campaign reflects the brand’s motto and purpose, encouraging people to prioritize restful, quality sleep as part of a balanced lifestyle that promotes relaxation, rejuvenation, and overall well-being.

About Arth by Emcure:

Arth by Emcure is a holistic wellness brand that combines the power of science and nature to support better living. With a focus on daily wellness, Arth offers thoughtfully designed products that help individuals achieve balance in mind, body, and spirit.

Instagram: @arthbyemcure

About Emcure Pharmaceuticals Ltd:

Emcure Pharmaceuticals Ltd. (EPL) is a leading Indian pharma company headquartered in Pune engaged in developing, manufacturing and globally marketing a broad range of pharmaceutical products. Known for its commitment to innovation, quality, and patient-centricity, Emcure is an R&D driven company that develops and manufactures a wide range of differentiated pharmaceutical products designed to improve patient health and well-being across several major therapeutic areas. Established in 1981, EPL is ranked as the 12th largest pharma company in India in terms of Domestic Sales for MAT June 2024. Emcure is present in 70+ countries globally including Europe and Canada.