Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript - SBI Card Q4''''FY26 Earning Call

SBI Card reported Q4 FY26 PAT of INR 609 crore (14% YoY) and FY26 PAT of INR 2,167 crore (13% YoY), with total revenue of INR 5,187 crore in Q4 and INR 20,708 crore for FY26. Receivables grew modest 2% YoY to INR 56,926 crore as the company maintained a quality-led acquisition stance, adding 917,000 new accounts in Q4 against a target of 9 lakh–1 million. Asset quality improved markedly — GNPA fell 46 bps QoQ to 2.41%, NPA stock reduced by INR 268 crore QoQ, and gross credit cost declined 55 bps to 7.7%, with an ECL overlay of INR 220 crore retained as a buffer. NIM improved to 11.1% in Q4 and 11.2% for FY26. Cost-to-income came in at 57.2% for Q4 and 55.3% for FY26, with management guiding it to stay in the 55–58% range for FY27. The revolver rate at 22% is expected to have a slight downward bias in FY27, to be offset by EMI book expansion. Capital adequacy remains strong at 25.5%, and the medium-term ROA target of 4–4.5% was reiterated.