| Revenue growth | 3% YoY in Q1 FY27. |
|---|---|
| Margins | Net interest margin at 10.8%; portfolio yield at 16%. |
| Demand visibility | Strong retail spending expected to continue; festive season uptick anticipated in Q3. |
| Management confidence | High; confident in delivering profitable growth and strengthening market position in FY27. |
Growth
Revenue grew 3% YoY to INR5,205Cr. Cards in force reached 2.26 crores, up 7% YoY.
Outlook
Targeting ROA of 4% to 4.5% in medium term. Cost-to-income ratio expected between 56% to 58% for FY27.
Risks
Geopolitical uncertainties affecting fuel prices and inflation; potential impact from Middle East conflict on asset quality.
Last quarter's promises, checked
Delivered
- Guided 9L-10L new accounts → delivered 1M+ (= BEAT)
- Guided cost-to-income 55%-58% → delivered 57.2% (= BEAT)
- Guided credit cost moderation → delivered 6.5% vs 7.7% (= BEAT)
Missed
- Guided stable NIM → delivered 10.8% vs 11.1% (= MISS)
Earnings Call Transcript filed with BSE, NSE: SBICARD. Summary written with AI assistance from the document.
SBI Cards and Payment Services Ltd: key numbers
- Share price
- ₹569.40
- Market cap
- ₹54,187 Cr
- Revenue (annual)
- ₹19,900 Cr
- Net profit (annual)
- ₹2,167 Cr
- P/E (TTM)
- 23.8×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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