More Stories

Informist, Friday, Jul. 24, 2026

 

Please click here to read all liners published on this story

--SBI Cards Apr-Jun net profit INR 6.64 bln 
--Analysts saw SBI Cards Apr-Jun net profit at INR 6.36 bln 
--SBI Cards Apr-Jun revenue INR 50.41 bln 
--SBI Cards Apr-Jun net profit INR 6.64 bln vs INR 5.56 bln year ago 
--SBI Cards Apr-Jun revenue INR 50.41 bln vs INR 48.77 bln year ago 
--SBI Cards capital adequacy ratio 25.64% on Jun 30 
--SBI Cards gross NPA ratio 2.04% on Jun 30 
--SBI Cards net NPA ratio 0.83% on Jun 30 
--SBI Cards provision coverage ratio 59.88% on Jun 30 
--SBI Cards Apr-Jun NIM 10.8%, down 41 bps on year 
--SBI Cards Apr-Jun credit cost 6.5%, down 301 bps on year 
--SBI Cards Apr-Jun retail spends INR 940.33 bln, up 14% on year 
--SBI Cards Apr-Jun receivables at INR 582.69 bln, up 3% on year 
--SBI Cards: Cards-in-force at 22.6 mln on Jun 30, up 7% on year

 

By Cassandra Carvalho

 

MUMBAI – SBI Cards and Payment Services Ltd. reported a robust growth in its bottom line for the June quarter, slightly beating Street estimates despite just 3% on-year rise in its total income. The non-banking financial company's expenses rose marginally on-year and fell sequentially due to a 301-basis point fall in its credit cost on year.  

 

SBI Cards reported a net profit of INR 6.64 billion for the June quarter, up nearly 20% on year and over 9% sequentially. The company's total income rose over 3% on year and only 0.4% sequentially. Its total expenses rose 0.6% on year to INR 43.12 billion in the reporting quarter, while falling 1.4% sequentially. Of this, impairment on financial instruments fell nearly 30% on year and nearly 14% on quarter due to a fall in credit costs to 6.5% in Apr-Jun from 7.7% in Jan-Mar.

 

 

The average of estimates from five brokerages had pegged the company's net profit at INR 6.36 billion in the reporting quarter. Analysts had estimated the company's net interest income at INR 16.83 billion. The company's total revenue from operations rose to INR 50.41 billion from INR 48.77 billion in the year-ago quarter. 

 

The company's capital adequacy ratio was 25.6% as of Jun. 30, from 25.5% the previous quarter and 23.2% in the year-ago period. The Gurugram-headquarted company reported a gross non-performing asset ratio of 2.04% as on Jun. 30, down 102 bps on year and 36 bps on quarter, while its net non-performing asset ratio was 0.83% as on Jun. 30, down 59 bps on year and 21 bps on quarter. Its provision coverage ratio was 59.9% as on Jun. 30, up 230 bps on quarter and 553 bps on year. As of Jun. 30, the company said it holds provisions for expected credit loss of INR 18.77 billion on loan balances, down from INR 19.42 billion as of Mar. 31. The firm assessed the financial impact of the Centre's new labour codes at INR 270 million under employee benefit expenses in Apr-Jun, it said. 

 

Upon revising the methodology to calculate the loss given default, credit conversion factor and discounting of expected credit loss to comply with the Reserve Bank of India's norms, as of Jun. 30, an increase of INR 1.80 billion in overall impairment provision is estimated, it said. The non-bank is also carrying an additional INR 700 million impairment provision due to the West Asia war. The company had carried an additional impairment provision of INR 2.20 billion as of Mar. 31.

SBI Cards reported a net interest margin of 10.8% in the reporting quarter, down 41 bps on year and 28 bps on quarter. In the June quarter, the company reported retail spends of INR 940.33 billion, up 14% on year and 5% on quarter. Receivables grew 3% on year to INR 582.69 billion, while cards-in-force were 22.6 million as on Jun. 30, up 7% on year. Friday, shares of SBI Cards and Payment Services ended at INR 618.75 apiece on the NSE, down 0.53% over Thursday.   End

 

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.