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Informist, Wednesday, Jan. 28, 2026

 

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--SBI Cards Oct-Dec net profit INR 5.57 bln 
--Analysts saw SBI Cards Oct-Dec net profit at INR 5.45 bln 
--SBI Cards Oct-Dec net profit INR 5.57 bln vs INR 3.83 bln year ago 
--SBI Cards Oct-Dec revenue INR 51.27 bln vs INR 46.19 bln year ago 
--SBI Cards Oct-Dec labour code implementation cost INR 120 mln 
--SBI Cards Apr-Dec net profit INR 15.57 bln vs INR 13.82 bln year ago 
--SBI Cards Apr-Dec revenue INR 149.65 bln vs INR 133.98 bln year ago 
--SBI Cards: Aim to acquire 900,000 to 1 mln new accts every quarter
 

 

By Divya Moolayattil

 

MUMBAI - SBI Cards and Payment Services Ltd.'s net profit for the December quarter rose year-on-year for the second consecutive quarter, while its revenue saw a double-digit growth for the third straight quarter due to higher spending by its customers during the festival season. 

 

The company's net profit for the reporting quarter rose over 45% on year and 25% on quarter to INR 5.57 billion. Analysts had expected SBI Cards' net profit for the quarter at INR 5.45 billion.

 

The company's total income rose over 12% on year to INR 53.54 billion in the December quarter. Revenue from operations rose 11% on year to INR 51.27 billion, led by a nearly 17% on-year increase in fees and commission income to INR 23.67 billion. 

 

Business development incentive income increased over nearly 25% on year to INR 2.01 billion, adding to total revenue. Other income also increased nearly 53% on year to INR 2.3 billion in the December quarter.

 

The credit cost declined to 8.3% from 9.0% in the trailing quarter, with finance cost for the December quarter falling to INR 7.85 billion from INR 8.29 billion a year ago. Its provision for impairment of financial assets fell to INR 12.22 billion from INR 13.13 billion in the year-ago period.

 

Customer spends increased 33% on year and 7% on quarter to INR 1.15 trillion for the December quarter. SBI Card's total advances as on Dec. 31 was at INR 552.24 billion, up from INR 539.35 billion as on Mar. 31, 2025. Its gross non-performing assets fell to 2.86% as on Dec 31. from 3.24% a year ago. The capital adequacy ratio was at 24.4% on Dec. 31, up from 22.9% a year ago. Its net interest margin was at 11%, up 39 basis points on year but down 19 bps sequentially. 

 

The company's total income for the first nine months of 2025-26 (Apr-Mar) was at INR 155.21 billion, up from INR 138.05 billion in the year-ago period. Its net profit was at INR 15.57 billion for Apr-Dec, up from INR 13.82 billion in the year-ago period.

 

On Wednesday, share of the company closed at INR 782.40 on the National Stock Exchange, up 1.5% from the previous session. The company announced its Oct-Dec earnings after market hours.  End 

 

Edited by Tanima Banerjee

 

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