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Your results on : Equity | News | Corporate-Results |
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| SBI Cards & Payment Services |
 Share Back |
| (08:48, 25 Oct 2025) |
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SBI Cards and Payment
Services has posted 10% increase in net profit at Rs 444.77 crore in the
quarter ended September 2025 (Q2FY2026), after continuous decline for last four
straight quarters.
The income from
operations increased 12% to Rs 4960.98 crore for Q2FY2026, while other income
of the company jumped 30% to Rs 175.50 crore. The total income increased 13% to
Rs 5136.48 crore for Q2FY2026.
Interest expenses declined
4% to Rs 760.07 crore. Operating expenses increased 25% to Rs 2448.91 crore, allowing
the operating profits to improve 7% at Rs 1927.50 crore. The cost-to-income
ratio was higher at 56.0% in Q2FY2026 from 52.0% in Q2FY2025.
Depreciation declined -30%
to Rs 35.01 crore, while provisions rose 7% to Rs 1292.72 crore. Profit before
tax increased 10% yoy basis at Rs 599.77 crore.
Effective tax rate was
flat at 25.8% in Q2FY2026 from 25.8% in Q2FY2025. Net Profit of the company
improved 10% to Rs 444.77 crore for Q2FY2025.
Book value of the company stood at Rs 155.4 per
share, while the adjusted book value net of NNPA stood at Rs 147.3 end September
2025.
Business highlights
Cards-in-force grew by 10% YoY at 2.15 crore as of Q2FY26 against
1.96 crore as of Q2FY25
New accounts volume at 936K in Q2FY26 against 904K new
accounts in Q2FY25
Spends grew by 31% YoY at Rs 107063 crore in Q2FY26 against
Rs 81893 crore in Q2FY25
Receivables grew by 8% YoY at Rs 59845 crore in Q2FY26 against
Rs 55601 crore in Q2FY25
Market share for Q2FY26 Card-in-force is at 19.0% (Q2FY25:
18.5%), Spends is at 17.0% (Q2FY25: 15.7%).
The company is #2 for Cards-in-force and #3 for spends, in
industry as per RBI data available till August 2025.
Total Balance Sheet size increased to Rs 69862 crore end
September 2025 as against Rs 65546 crore end March 2025
Total Advances (Net of provisions) were Rs 57856 crore end
September 2025, as against Rs 53935 crore end March 2025.
Net worth was Rs 14861
crore end September 2025 as against Rs 13853 crore end March 2025
Asset Quality
The Gross non-performing assets were at 2.85% of gross
advances end September 2025, as against 3.27% end September 2024. Net
non-performing assets were at 1.29% end September 2025, as against 1.19% end
September 2024.
End September 2025, Company`s CRAR was 22.5% compared to
22.1 % end September 2024. Company`s Tier I capital was 17 .5% end September
2025, compared to 16.3% end September 2024.
ROAA at 2.6% in Q2FY26 against 2.7% in Q2FY25. ROAE at
12.1% in Q2FY26 against 12.5% in Q2FY25.
Financial Performance H1FY2026
The income from
operations increased 12% to Rs 9837.89 crore for H1FY2026, while other income
of the company jumped 28% to Rs 330.74 crore. The total income increased 13% to
Rs 10168.63 crore for H1FY2026. Interest expenses rose 1% to Rs 1572.90 crore. Operating
expenses increased 22% to Rs 4533.27 crore, allowing the operating profits to
improve 8% at Rs 4062.46 crore. The cost-to-income ratio increased to 52.7% in
H1FY2026 from 49.8% in H1FY2025. Depreciation declined 30% to Rs 70.04 crore, while
provisions increased 14% to Rs 2644.27 crore. Profit before tax was flat yoy at
Rs 1348.15 crore. Effective tax rate rose slightly to 25.8% in H1FY2026 from 25.7%
in H1FY2025. Net Profit of the company was flat at to Rs 1000.74 crore for
H1FY2026.
|
SBI Cards and Payment Services : Results
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|
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2509 (3)
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2409 (3)
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Var %
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2509 (6)
|
2409 (6)
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Var %
|
2503 (12)
|
2403 (12)
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Var %
|
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Income from operations
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4960.98
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4421.04
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12
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9837.89
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8779.56
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12
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18072.22
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16968.42
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7
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Other Income
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175.50
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134.78
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30
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330.74
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258.67
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28
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564.93
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515.08
|
10
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Total Income
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5136.48
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4555.82
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13
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10168.63
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9038.23
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13
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18637.15
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17483.50
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7
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Interest Expenses
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760.07
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787.68
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-4
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1572.90
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1554.51
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1
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3178.40
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2595.22
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22
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Other expenses
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2448.91
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1960.54
|
25
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4533.27
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3726.92
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22
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7859.74
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8172.31
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-4
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Gross profit
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1927.50
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1807.60
|
7
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4062.46
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3756.80
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8
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7599.01
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6715.97
|
13
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Depreciation
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35.01
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50.35
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-30
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70.04
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99.74
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-30
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146.82
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196.75
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-25
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Profit before tax and Provisions
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1892.49
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1757.25
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8
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3992.42
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3657.06
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9
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7452.19
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6519.22
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14
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Provisions and write off
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1292.72
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1212.04
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7
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2644.27
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2312.66
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14
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4871.51
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3287.42
|
48
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Profit before tax
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599.77
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545.21
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10
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1348.15
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1344.40
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0
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2580.68
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3231.80
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-20
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Provision for tax
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155.00
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140.79
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10
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347.41
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345.52
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1
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664.27
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823.92
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-19
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PAT
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444.77
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404.42
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10
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1000.74
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998.88
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0
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1916.41
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2407.88
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-20
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EPS (Rs)*
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18.7
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17.0
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21.2
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21.2
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20.1
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25.3
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Equity
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951.6
|
951.3
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951.6
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951.3
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951.4
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951.0
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Adj BV (Rs)
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147.3
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130.6
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147.3
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130.6
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136.3
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121.8
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* EPS and Adj BV are calculated on diluted
equity as given for each year, Face value of Rs 10, Excluding extraordinary
items.
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Figures in Rs crore
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Source: Capitaline Corporate Database
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