SBI Cards and Payment Services Ltd

📈 SBI Cards Q4 FY26: Profit Up 14% YoY, Credit Costs Decline

• Profit After Tax (PAT) for Q4 FY26 was ₹609 crore, up 14% year-on-year (YoY) and 9% quarter-on-quarter (QoQ)

• Gross Non-Performing Assets (GNPA) improved to 2.41%, down 67 basis points YoY and 46 basis points QoQ

• Net Non-Performing Assets (NNPA) stood at 1.04%, down 42 basis points YoY and 24 basis points QoQ

• Credit cost declined to 7.7% in Q4 FY26, down 128 basis points YoY and 55 basis points QoQ

• Total cards-in-force reached 2.21 crore, with new accounts at 9.17 lakh in Q4 FY26, up 17% YoY

• Total spends were ₹115,350 crore in Q4 FY26, with retail spends growing 13% YoY

• Capital Adequacy Ratio (CAR) remained strong at 25.5%

• Return on Average Assets (ROAA) was 3.6% for Q4 FY26