SBI Cards and Payment Services Limited — Investor Meet, 02-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SBI Cards reported strong Q4 & FY26 financials, with PAT up 14% (Q4) and 13% (FY26). Revenue saw solid growth of 7% (Q4) and 11% (FY26). Asset quality significantly improved, with GNPA reducing to 2.41% and credit costs moderating, expected to trend lower in FY27. The company maintained its position as the second-largest issuer, adding 917,000 new accounts with focus on quality. Management sees continued growth in digital payments and is prioritizing the EMI book amidst a downward bias in revolver balances. An interim dividend of INR2.50 per share was announced. The tone is confident on long-term growth but watchful of macro uncertainties.