SBI Cards Posts 13% PAT Growth for FY26, Highlights Robust Revenue and Spends Increase

SBI Cards Posts 13% PAT Growth for FY26, Highlights Robust Revenue and Spends Increase​

New Delhi, April 27, 2026: SBI Cards and Payment Services Limited announced its financial results for the fourth quarter (Q4) of FY26 and the full financial year ended March 31, 2026. The company reported a Profit After Tax (PAT) increase of 13% year over year, reaching ₹2,167 Crore for the fiscal year.

Quarterly Performance Highlights​

For the quarter ending March 31, 2026, the company recorded significant growth across key metrics:

• Total Revenue: Increased by 7% year over year, standing at ₹5,187 Crore in Q4 FY'26, compared to ₹4,832 Crore in Q4 FY'25.
• Profit After Tax (PAT): Rose to ₹609 Crore in Q4 FY'26, up from ₹534 Crore in Q4 FY'25.
• Operational Ratios: Return on Average Assets (ROAA) was 3.6% in Q4 FY'26 (up from 3.4% in Q4 FY'25), and Return on Average Equity (ROAE) was 15.6% (up from 15.5% in Q4 FY'25).
• Capital Adequacy: The Capital Adequacy Ratio (CAR) was reported at 25.5%, with the Tier 1 capital at 20.0%.

Business Growth Metrics​

The company also detailed robust growth in its core business segments during Q4 FY'26:

• Spends: Increased by 31% year over year, hitting ₹115,350 Crore, up from ₹88,365 Crore in Q4 FY'25.
• New Accounts: Volume reached 917,000 accounts in Q4 FY'26, compared to 1,109,000 accounts in Q4 FY'25.
• Card-in-Force: The base grew by 6% year over year, reaching 2.21 Crore as of Q4 FY'26, up from 2.08 Crore as of Q4 FY'25.
• Market Share: For the full fiscal year FY'26, the card-in-force market share was 18.6% (down from 19.0% in FY'25), while the Spends market share stood at 18.1% (up from 15.7% in FY'25).

Financial Performance Overview​

The company’s Profit and Loss Account for the quarter and the full fiscal year saw favorable movements in key revenue lines.

Quarterly Profit & Loss Analysis (Q4 FY'26 vs Q4 FY'25):
Total income rose by 7%, reaching ₹5,187 Crore. This growth was largely driven by Fees and other revenue, which increased by 13% to ₹2,553 Crore (vs ₹2,259 Crore in Q4 FY'25). Finance costs decreased by 10% to ₹114 Crore (vs ₹795 Crore). Despite a 24% increase in Total Operating Cost (to ₹2,561 Crore from ₹2,073 Crore), Profit after tax increased by 14% to ₹609 Crore.

Full Year Profit & Loss Analysis (FY'26 vs FY'25):
Over the full year, Total income increased by 11% to ₹20,708 Crore (compared to ₹18,637 Crore in FY'25). Total Operating cost increased by 22% to ₹9,760 Crore. Profit after tax saw a 13% increase, amounting to ₹2,167 Crore.

Balance Sheet and Asset Quality​

As of March 31, 2026, the Balance Sheet size reached ₹66,328 Crore, an increase from ₹65,546 Crore recorded on March 31, 2025.

Key assets and liabilities detailed in the Balance Sheet:


The asset quality also showed improvement. Gross non-performing assets (GNPA) stood at 2.41% of gross advances as of March 31, 2026, down from 3.08% in the previous year. Net non-performing assets (NNPA) were recorded at 1.04% on March 31, 2026, improving from 1.46% a year earlier.

Ratings​

The company maintains strong credit ratings from major agencies:


The company remains a major player in the payments sector, offering a diverse portfolio of credit cards to both individual cardholders and corporate clients.

SBICARD Stock Price Movement​

As of 3:12 PM, shares of SBI Cards and Payment Services Limited are shedding 0.12% in live trading, currently registering at ₹669.5 as the market activity keeps prices trending lower. The equity is moving amidst robust trading interest, reporting a volume of 1.63 million shares for the day.