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SBI Card Q4 Results: Profit up 13% to Rs 2,167 crore, spends jump 31% – Check full earnings details
SBI Cards and Payment Services Limited reported a 13 per cent year-on-year rise in profit after tax (PAT) for the financial year ended March 31, 2026, at Rs 2,167 crore.
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SBI Cards and Payment Services Limited reported a 13 per cent year-on-year rise in profit after tax (PAT). Image Credit: SBI Card
Written By: Anubhav Maurya
Updated: Mon, Apr 27, 2026
03:23 PM IST
03:23 PM IST
ZeeBiz WebDesk
SBI Cards and Payment Services Limited reported a 13 per cent year-on-year rise in profit after tax (PAT) for the financial year ended March 31, 2026, at Rs 2,167 crore.
The Board of Directors of the company approved the financial results for Q4 FY26 and FY26 at its meeting held on April 27, 2026, in New Delhi.
Q4 FY26 performance
The company reported a 14 per cent year-on-year increase in PAT at Rs 609 crore in Q4 FY26 compared with Rs 534 crore in Q4 FY25. Total revenue for the quarter rose 7 per cent year-on-year to Rs 5,187 crore in Q4 FY26 from Rs 4,832 crore in the same quarter last year.
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Fees and other revenue increased 13 per cent to Rs 2,553 crore in Q4 FY26 compared with Rs 2,259 crore in Q4 FY25. Finance costs declined 10 per cent to Rs 714 crore in Q4 FY26 from Rs 795 crore in Q4 FY25.
Total operating cost increased 24 per cent to Rs 2,561 crore in Q4 FY26 from Rs 2,073 crore in Q4 FY25. Earnings before credit cost declined 3 per cent to Rs 1,913 crore in Q4 FY26 compared with Rs 1,964 crore in Q4 FY25.
Impairment losses and bad debts expenses declined 12 per cent to Rs 1,097 crore in Q4 FY26 from Rs 1,245 crore in Q4 FY25. Return on average assets (ROAA) stood at 3.6 per cent in Q4 FY26 compared with 3.4 per cent in Q4 FY25.
Return on average equity (ROAE) stood at 15.6 per cent in Q4 FY26 compared with 15.5 per cent in Q4 FY25.
FY26 performance
For the full financial year FY26, SBI Card reported a 13 per cent increase in PAT at Rs 2,167 crore compared with Rs 1,916 crore in FY25. Total income rose 11 per cent to Rs 20,708 crore in FY26 from Rs 18,637 crore in FY25.
Finance costs declined 3 per cent to Rs 3,072 crore in FY26 from Rs 3,178 crore in FY25. Total operating cost increased 22 per cent to Rs 9,760 crore in FY26 compared with Rs 8,007 crore in FY25.
Earnings before credit cost rose 6 per cent to Rs 7,876 crore in FY26 from Rs 7,452 crore in FY25. Impairment losses and bad debts expenses increased 2 per cent to Rs 4,962 crore in FY26 from Rs 4,872 crore in FY25.
Business performance
New account volumes stood at 917 thousand accounts in Q4 FY26 compared with 1,109 thousand accounts in Q4 FY25. Card-in-force increased 6 per cent year-on-year to 2.21 crore as of Q4 FY26 compared with 2.08 crore in Q4 FY25.
Spends rose 31 per cent year-on-year to Rs 1,15,350 crore in Q4 FY26 compared with Rs 88,365 crore in Q4 FY25. Receivables increased 2 per cent year-on-year to Rs 56,926 crore in Q4 FY26 compared with Rs 55,840 crore in Q4 FY25.
Market share in card-in-force stood at 18.6 per cent in FY26 compared with 19.0 per cent in FY25. Market share in spends stood at 18.1 per cent in FY26 compared with 15.7 per cent in FY25.
Balance sheet position
The total balance sheet size stood at Rs 66,328 crore as of March 31, 2026, compared with Rs 65,546 crore as of March 31, 2025. Gross advances (credit card receivables) stood at Rs 56,926 crore as of March 31, 2026, compared with Rs 55,840 crore as of March 31, 2025.
Net worth stood at Rs 15,797 crore as of March 31, 2026, compared with Rs 13,853 crore as of March 31, 2025.
Asset quality
Gross non-performing assets stood at 2.41 per cent of gross advances as of March 31, 2026, compared with 3.08 per cent as of March 31, 2025. Net non-performing assets stood at 1.04 per cent as of March 31, 2026, compared with 1.46 per cent as of March 31, 2025.
Capital adequacy
The capital to risk-weighted assets ratio (CRAR) stood at 25.5 per cent as of March 31, 2026, compared with 22.9 per cent as of March 31, 2025. Tier I capital stood at 20.0 per cent as of March 31, 2026, compared with 17.5 per cent as of March 31, 2025. The company said its capital adequacy remains above the regulatory requirement.
SBI Cards and Payment Services Limited is a non-banking financial company engaged in the credit card business. The company offers a range of credit cards across lifestyle, rewards, travel, fuel and corporate segments. It had around 22.1 million cards in force as of March 2026.
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Anubhav Maurya
Anubhav Maurya
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