Sbi Cards And Payment Services Limited has informed the Exchange about Investor Presentation
SBICARD · price
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SBI Cards reported Q1 FY26 revenue from operations of ₹4,877 Cr (+4% QoQ, +12% YoY) and profit after tax of ₹556 Cr (+4% QoQ, -6% YoY). Cards-in-force grew 10% YoY to 2.12 Cr while receivables rose 7% YoY to ₹56,607 Cr. New account acquisition slowed sharply at 8.73 lacs, down 21% QoQ and 3% YoY. Cost of funds improved to 7.1% from 7.3% (adjusted) and net interest margin edged up to 11.2% from 11.1% sequentially. Asset quality was broadly stable with GNPA at 3.07% and NNPA at 1.42%, but credit costs rose to 9.6% (+58 bps QoQ) on higher provisioning. Returns weakened significantly YoY with ROAA at 3.4% (-67 bps) and ROAE at 15.8% (-335 bps). Capital adequacy remained strong at 23.2%.
Mixed quarter for shareholders: revenue growth and improving funding costs are positive, but sharp YoY declines in ROAE and ROAA signal earnings pressure from higher credit costs, while the steep QoQ drop in new account additions raises concerns about future customer growth.