SBI Cards and Payment Services Limited — Investor Meet, 30-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

SBI Cards reported strong Q1 FY27 results with PAT up 20% to ₹664 crore and total revenue at ₹5,205 crore. Asset quality significantly improved; Gross NPA is 2.04% and Net NPA is 0.83%, the lowest since Q3 FY23. Cards in force grew 7% to 2.26 crore, with net card additions of 4.84 lakh. Total spends hit a record ₹1,18,475 crore, up 27% YoY, driven by retail and UPI credit card usage. Management expects receivables growth in H2 FY27 and further credit cost moderation. Strategic focus remains on digital capabilities, diversified products, and prudent risk management, expressing confidence in sustained profitable growth.