SBI Cards and Payment Services Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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SBI Cards reported total revenue from operations of ₹19,899.63 Cr for FY2026, up 10.1% from ₹18,072.22 Cr in FY2025. Profit after tax grew 13.1% to ₹2,166.71 Cr from ₹1,916.41 Cr. EPS improved to ₹22.77 from ₹20.15. Operating cash flow turned positive at ₹493.03 Cr compared to negative ₹2,140.46 Cr in FY2025. Asset quality improved significantly with Gross NPA declining to 2.41% from 3.08% and Net NPA to 1.04% from 1.46%. The company carries an additional ₹220 Cr management overlay for ECL and reversed ₹76.57 Cr GST liability. Interim dividend of ₹2.50 per share declared. Capital adequacy remains strong at 25.47%.
The results show healthy business growth with improved profitability and significantly better asset quality. The positive operating cash flow reversal from last year indicates improved collection efficiency. The additional provisions and GST reversal are one-time items that don't reflect core business deterioration. Shareholders can expect continued strong performance with lower credit risk.