SBI Cards Reports Q2 Results: Total Income Rises to ₹5,205.36 Crores; Impairment Provision Reviewed

SBI Cards Reports Q2 Results: Total Income Rises to ₹5,205.36 Crores; Impairment Provision Reviewed​

SBI Cards and Payment Services Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, following approval by the Board of Directors. The company recorded a significant increase in Total Income for the quarter.

The consolidated results show varied performance across various income streams during the period. For the quarter ended June 30, 2026, total revenue from operations stood at ₹5,040.55 Crores. This figure comprises interest income of ₹2,420.63 Crores and fees and commission income amounting to ₹2,405.54 Crores. Sale of services contributed ₹9.72 Crores to the operational revenue.

The company reported Total Income (incorporating other income) at ₹5,205.36 Crores for the quarter, compared to ₹4,876.92 Crores in the same period of the previous year. Profit after tax for the period stood at ₹664.44 Crores, while total expenses were recorded at ₹4,312.23 Crores.

Capital Structure and Asset Quality​

During the quarter ended June 30, 2026, SBI Cards allotted 14,257 equity shares of ₹10 each pursuant to the exercise of options under the approved employee stock option scheme. This allotment led to an increase in the issued, subscribed and paid-up equity capital, which reached ₹951.61 Crores as at June 30, 2026 (up from ₹951.60 Crores reported on March 31, 2026).

Regarding asset quality, the company’s Gross Non Performing Asset (stage 3 balance) and Net NPA (stage 3 balance) stood at 2.04% and 0.83%, respectively, as of June 30, 2026. The provision for total expected credit loss on loan balances was reported at ₹21,676.53 Crores, significantly higher than the ₹1941.87 Crores recorded on March 31, 2026.

The company confirmed that during the quarter, it had neither transferred nor acquired any loans not in default, stressed loan, non-performing assets, or Special Mention Accounts.

Risk and Accounting Enhancements​

The financial results reflect several key accounting adjustments related to risk assessment and regulatory changes. The company reviewed its Expected Credit Loss (ECL) model, resulting in a revised methodology for calculating Loss Given Default (LGD), Credit Conversion Factor (CCF), and ECL Discounting. This review led to an estimated increase in overall impairment provision of ₹180 Crores. In addition to the standard provision, the company maintained an extra impairment provision amounting to ₹70 Crores due to the continuing uncertain geo-political situation.

The company also recognized the financial implications of the newly notified New Labour Codes in 2026, assessing that changes to employee benefit plans require the recognition of past service costs. This recognition resulted in an estimated increase in provision for employee benefits amounting to ₹27 Crores under Employee Benefit expenses.

Key financial indicators and ratios as of June 30, 2026, are summarized below:

Financial Performance Highlights (₹ Crores)​

The table below details the financial performance metrics across various reporting periods:


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SBICARD Stock Price Movement​

Shares of SBI Cards and Payment Services Limited settled down by 0.62% today, closing at ₹618.75. The stock saw a traded volume of 616,274 shares as it finished near its intraday low of ₹611.