| Revenue growth | 11% YoY for FY26. |
|---|---|
| Margins | NIM improved to 11.2% in FY26; cost of funds at 6.7%. |
| Order book | Cards-in-force market share at 18.6%. |
| Demand visibility | Strong adoption in Tier 2+ markets via UPI on credit cards. |
| Management confidence | High on digital acquisition and credit cost moderation. |
Growth
FY26 spends hit benchmark ₹4.3 trillion. Q4 PAT grew 14% YoY to ₹609cr; receivables reached ₹56,926cr (+2% YoY).
Outlook
Targeting 9L-1M new card additions per quarter; ROA target 4.0-4.5%; cost-to-income guidance 55-58% for FY27.
Risks
Downward bias in revolver rates (22%); rising cost-to-income (55.3% for FY26) due to high corporate spends; geopolitical uncertainties.
Earnings Call filed with BSE, NSE: SBICARD. Summary written with AI assistance from the document.
SBI Cards and Payment Services Ltd: key numbers
- Share price
- ₹557.40
- Market cap
- ₹53,045 Cr
- Revenue (annual)
- ₹19,900 Cr
- Net profit (annual)
- ₹2,167 Cr
- P/E (TTM)
- 23.3×Sector 21.9×
- Promoter holding
- 68.86%-0.06% QoQ
- FII holding
- 8.98%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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