SBI Card Q2 Results: Net Profit Rises 10% To Rs 445 Crore

SBI Cards and Payment Services on Friday reported a 10.15% increase in net profit at Rs 445 crore for the second quarter of the current fiscal. The company had a net profit of Rs 404 crore in the July-September period of last fiscal (FY25).

Total Revenue and Income

Total revenue increased by 13% year-on-year at Rs 5,136 crore in the second quarter of fiscal 2026, from Rs 4,556 crore a year ago. The interest income increased by 9% at Rs 2,490 crore in Q2 FY26 from Rs 2,290 crore a year ago. Fees and commission income increased by 16% at Rs 2,471 crore in the quarter under review.

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Finance Costs and Operating Expenses

Finance costs declined by 4% to Rs 760 crore due to lower cost of borrowings. However, total operating cost increased by 24% at Rs 2,484 crore in Q2 FY26 from Rs 2,011 crore a year ago.

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Balance Sheet and Asset Quality

Total balance sheet size as of September 30, 2025, was Rs 69,862 crore as against Rs 65,546 crore on March 31, 2025. Gross non-performing assets were at 2.85% of gross advances as of Sept. 30, 2025, as against 3.27% a year ago.

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Share Price Movement

Shares of SBI Card closed at Rs 930.40 apiece, up 0.21% over the previous close on BSE.

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Conclusion

In conclusion, SBI Cards and Payment Services reported a 10.15% increase in net profit at Rs 445 crore for the second quarter of the current fiscal. The company’s total revenue and income increased, while finance costs declined. However, total operating cost increased. The balance sheet size and asset quality also showed improvements.

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