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.