Quarterly Result24 Jul 2026, 04:40 pm
SBI Cards PAT Up 20% YoY to ₹664 Cr in Q1 FY27
AI Summary
SBI Cards and Payment Services Ltd. reported its financial results for the quarter ended June 30, 2026. Profit After Tax (PAT) surged by 20% year-on-year to ₹664 crore, compared to ₹556 crore in the same quarter last year. Total revenue saw a modest 3% increase to ₹5,205 crore from ₹5,035 crore. Key business metrics showed strong growth, with card spends rising 27% YoY to ₹118,475 crore and new accounts volume increasing to 1,023K. The company also improved its asset quality, with Gross Non-Performing Assets (NPAs) decreasing to 2.04% from 3.07% YoY. Capital Adequacy Ratio (CRAR) stood strong at 25.6%.
Key Highlights
- PAT increased 20% YoY to ₹664 Cr.
- Total revenue grew 3% YoY to ₹5,205 Cr.
- Card spends surged 27% YoY to ₹118,475 Cr.
- Gross NPAs improved to 2.04% from 3.07% YoY.
- CRAR stood at a robust 25.6%.
Price Impact
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