SBI Cards and Payment Services Limited — Updates, 25-07-2025: Press Release

SBI Card's Q1 FY26 results show robust business growth. Total Revenue surged 12% YoY to ₹5,035 Cr, with Spends up 21% to ₹93,244 Cr. Cards-in-force increased 10% to 2.12 Cr, boosting market share. However, Profit After Tax (PAT) declined 6% to ₹556 Cr. This dip was mainly due to a 17% jump in operating costs and a significant 23% rise in impairment and bad debt expenses. Net non-performing assets (NPAs) increased to 1.42% from 1.11% YoY, indicating asset quality pressure. Capital adequacy remains strong at 23.2%.