Summary

SBI Cards and Payment Services Limited announced strong financial results for Q4 FY'26 and the full financial year ended March 31, 2026. For FY'26, Profit After Tax increased by 13% year-on-year to ₹2,167 Cr, while total income for the year grew by 11% to ₹20,708 Cr. In Q4 FY'26, the company recorded a 7% rise in total revenue to ₹5,187 Cr and a 14% increase in PAT, reaching ₹609 Cr. The quarter also saw significant business growth with customer spends surging by 31% year-on-year to ₹115,350 Cr and card-in-force expanding by 6% to 2.21 Cr accounts. The company also improved its asset quality, with Gross NPA at 2.41%, and maintained a strong Capital Adequacy Ratio of 25.5%.

Key Highlights

1. 1

   SBI Cards and Payment Services Limited reported a 13% year-on-year increase in Profit After Tax (PAT) for FY'26, reaching ₹2,167 Cr.

2. 2

   Total Revenue for Q4 FY'26 grew by 7% year-on-year to ₹5,187 Cr.

3. 3

   Profit After Tax for Q4 FY'26 increased by 14% to ₹609 Cr compared to the previous year.

4. 4

   Card-in-force saw a 6% year-on-year growth, reaching 2.21 Cr accounts as of Q4 FY'26.

5. 5

   Customer spends demonstrated strong growth, increasing by 31% year-on-year to ₹115,350 Cr in Q4 FY'26.

6. 6

   The company maintained robust capital adequacy with a Capital Adequacy Ratio of 25.5% and Tier 1 capital at 20.0% as of March 31, 2026.

7. 7

   Asset quality improved significantly, with Gross Non-Performing Assets (GNPA) decreasing to 2.41% as of March 31, 2026, from 3.08% a year prior.