SBI Cards and Payment Services Limited — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SBI Card's Q3 FY26 PAT jumped 45% YoY to INR 557 Cr, with revenue up 11% to INR 5,127 Cr. Total spends hit a record INR 1,14,702 Cr, rising 33% YoY. Cards-in-force grew 8% YoY to 2.18 Cr. Asset quality improved, with gross credit cost at 8.3% (vs 9% QoQ) and stable gross NPA. Receivables increased 4% YoY to INR 57,213 Cr. Management plans to acquire 9-10 lakh new quality accounts quarterly, focusing on EMI portfolio growth amidst a downward trend in revolver assets. Outlook is for sustainable, profitable growth with improving asset quality.