- PAT at ₹ 557 Crore Up 45% YoY
Mumbai : The Board of Directors of SBI Cards and Payment Services Limited approved the Company’s results for the Quarter ended December 31, 2025, at their meeting held on Wednesday, January 28, 2026.
Performance Highlights Q3 FY26
- Total Revenue increased by 12% YoY at ₹ 5,353 Cr in Q3 FY26 v/s ₹ 4,767 Cr in Q3 FY25
- PAT increased by 45% YoY at ₹ 557 Cr in Q3 FY26 v/s ₹ 383 Cr in Q3 FY25
- ROAA at 3.2% in Q3 FY26 v/s 2.4% in Q3 FY25
- ROAE at 14.7% in Q3 FY26 v/s 11.5% in Q3 FY25
- Capital Adequacy Ratio at 24.4%; Tier 1 at 19.1%
Business Highlights
- Total Spends grew by 33% at ₹ 1,14,702 Cr in Q3 FY26 v/s ₹ 86,093 Cr in Q3 FY25
- Receivables grew by 4% at ₹ 57,213 Cr in Q3 FY26 v/s ₹ 54,773 Cr in Q3 FY25
- Cards-in-force grew by 8% at 2.18 Cr as of Q3 FY26 v/s 2.02 Cr as of Q3 FY25
- New accounts volume at 864K in Q3 FY26 v/s 1,175K in Q3 FY25
- Market share for Card-in-force 18.8% as of Dec’25 Vs Dec’24: 18.7%), Spends 17.7% (for 9M of FY’26) Vs 15.6% (for 9M of FY’25), #2 for Cards-in-force and #3 for spends, in industry
Profit & Loss Account for the Quarter ended December 31, 2025
- Total income increased by 12% at ₹ 5,353 Cr in Q3 FY26 v/s ₹ 4,767 Cr in Q3 FY25. This movement was a result of the following key factors:
O Interest income increased by 6% at ₹ 2,536 Cr in Q3 FY26 v/s ₹ 2,399 Cr in Q3 FY25
O Fees and Other Revenue increased by 17% at ₹ 2,591 Cr in Q3 FY26 v/s ₹ 2,220 Cr in Q3 FY25
- Finance costs decreased by 5% at ₹ 785 Cr in Q3 FY26 v/s ₹ 829 Cr in Q3 FY25
- Total Operating cost increased by 23% at ₹ 2,597 Cr in Q3 FY26 from ₹ 2,107 Cr in Q3 FY25
- Earnings before credit costs increased by 8% at ₹ 1,971 Cr in Q3 FY26 v/s ₹ 1,831 Cr in Q3 FY25
- Impairment on financial instruments decreased by 7% at ₹ 1,222 Cr in Q3 FY26 v/s ₹ 1,313 Cr in Q3 FY25
- Profit after tax increased by 45% at ₹ 557 Cr in Q3 FY26 v/s ₹ 383 Cr in Q3 FY25
Balance Sheet as of December 31, 2025
- Total Balance Sheet size as of December 31, 2025, at ₹ 67,365 Cr as against ₹ 65,546 Cr as of March 31, 2025
- Total Advances (Net of provisions) as of December 31, 2025, at ₹ 55,224 Cr, as against ₹ 53,935 Cr as of March 31, 2025
- Net worth as of December 31, 2025, at ₹ 15,424 Cr as against ₹ 13,853 Cr as of March 31, 2025
Summary Profit and Loss Statement (₹ Cr)
| Description | Q3 FY25 | Q2 FY26 | Q3 FY26 | QoQ | YoY |
| Interest Income | 2,399 | 2,490 | 2,536 | 2% | 6% |
| Non-Interest Income (Fees, Commission Income & others) | 2,220 | 2,471 | 2,591 | 5% | 17% |
| Total Revenue from Operations | 4,619 | 4,961 | 5,127 | 3% | 11% |
| Total Other Income | 148 | 175 | 226 | 29% | 53% |
| Total Income | 4,767 | 5,136 | 5,353 | 4% | 12% |
| Finance costs | 829 | 760 | 785 | 3% | -5% |
| Operating costs | 2,107 | 2,484 | 2,597 | 5% | 23% |
| Earnings before Credit costs | 1,831 | 1,892 | 1,971 | 4% | 8% |
| Impairment on Financial Instruments | 1,313 | 1,293 | 1,222 | -5% | -7% |
| Profit before Tax | 518 | 600 | 749 | 25% | 45% |
| Profit after Tax | 383 | 445 | 557 | 25% | 45% |
Summary Balance Sheet (₹ Cr)
| Description | Mar’25 | Dec’25 |
| Assets | ||
| Loans (Net of provisions) | 53,935 | 55,224 |
| Cash & Bank Balances | 2,738 | 2,507 |
| Investments | 6,235 | 6,855 |
| Other Financial Assets & Trade Receivables | 514 | 667 |
| Total Non-Financial Assets | 2,124 | 2,112 |
| Total Assets | 65,546 | 67,365 |
| Liabilities and Equity | ||
| Total Equity | 13,782 | 15,353 |
| Borrowings, Subordinated Liabilities & Debt Securities | 44,947 | 46,216 |
| Other Financial Liabilities | 4,974 | 3,912 |
| Total Non-Financial Liabilities | 1,844 | 1,884 |
| Total Liabilities and Equity | 65,546 | 67,365 |
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