Summary

SBI Cards and Payment Services Ltd has reported a 45% Year-over-Year (YoY) increase in Profit After Tax (PAT) for the third quarter of the financial year 2026. The total revenue increased by 12% YoY, reaching ¥ 5,353 Cr. The company's assets quality has improved with a decrease in gross non-performing assets to 2.86% from 3.24% in the same period last year.

Key Highlights

1. 1

   Total Revenue increased by 12% YoY at ¥ 5,353 Cr in Q3 FY26

2. 2

   PAT increased by 45% YoY at ¥ 557 Cr in Q3 FY26

3. 3

   ROAA at 3.2% in Q3 FY26 v/s 2.4% in Q3 FY25

4. 4

   ROAE at 14.7% in Q3 FY26 v/s 11.5% in Q3 FY25

5. 5

   Capital Adequacy Ratio at 24.4%; Tier 1 at 19.1%

6. 6

   Total Spends grew by 33% at ¥ 1,14,702 Cr in Q3 FY26

7. 7

   Receivables grew by 4% at ¥ 57,213 Crin Q3 FY26

8. 8

   Cards-in-force grew by 8% at 2.18 Cr as of Q3 FY26

9. 9

   New accounts volume at 864K in Q3 FY26

10. 10

    Market share for Card-in-force 18.8% as of Dec’25

11. 11

    Interest income increased by 6% at ¥ 2,536 Crin Q3 FY26

12. 12

    Fees and Other Revenue increased by 17% at ¥ 2,591 Cr in Q3 FY26

13. 13

    Finance costs decreased by 5% at ¥ 785 Cr in Q3 FY26

14. 14

    Total Operating cost increased by 23% at ¥ 2,597 Cr in Q3 FY26

15. 15

    Earnings before credit costs increased by 8% at ¥ 1,971 Crin Q3 FY26

16. 16

    Impairment on financial instruments decreased by 7% at ¥ 1,222 Cr in Q3 FY26

17. 17

    Profit after tax increased by 45% at ¥ 557 Cr in Q3 FY26

18. 18

    Total Balance Sheet size as of December 31, 2025, at ¥ 67,365 Cr

19. 19

    Total Advances (Net of provisions) as of December 31, 2025, at ¥ 55,224 Cr

20. 20

    Net worth as of December 31, 2025, at ¥ 15,424 Cr

21. 21

    Gross non-performing assets at 2.86% as of December 31, 2025

22. 22

    Net non-performing assets at 1.28% as of December 31, 2025

23. 23

    Company’s CRAR was 24.4% compared to 22.9% as of December 31, 2024

24. 24

    Company’s Tier | capital was 19.1% as of December 31, 2025