Event Type: Q1 FY27 Earnings Conference Call held with analysts/investors

Date and Time: July 24, 2026 at 06:00 PM (time zone not specified)

Purpose of Event: Discussion of Q1 FY27 quarterly results and business performance

Management Participants:

  • Ms. Salila Pande – Managing Director and Chief Executive Officer
  • Mr. Girish Budhiraja – Chief Sales and Marketing Officer
  • Ms. Rashmi Mohanty – Chief Financial Officer
  • Mr. Krishna Kant Bishnoi – Chief Risk Officer

Availability of Materials: The transcript of the earnings call has been made available on the company website at https://www.sbicard.com/en/who-we-are/analyst-investor-meeting.page and was also attached to the regulatory filing.

Financial Period Discussed: Q1 FY27 (April-June 2026)

Key Financial Highlights Disclosed:

  • PAT for Q1 FY27: INR 664 crores (up 20% YoY)
  • Total revenue: INR 5,205 crores (3% YoY growth)
  • Cards in force: ~2.26 crores (7% YoY growth)
  • New accounts added: >1 million (17% YoY growth)
  • Total spends: INR 1,18,475 crores (27% YoY growth)
  • Retail spends: INR 94,033 crores (14% YoY growth)
  • Receivables: INR 58,269 crores (2% QoQ growth, 3% YoY growth)
  • Net Interest Margin: 10.8%
  • ROA: 3.9% (51 bps higher YoY, 26 bps higher QoQ)
  • ROE: 16.5% (72 bps higher YoY, 89 bps higher QoQ)
  • Gross NPA: 2.04% (36 bps lower QoQ, 102 bps lower YoY)
  • Net NPA: 0.83% (lowest since Q3 FY23)
  • Gross credit cost: 6.5% (116 bps lower QoQ, 301 bps lower YoY)
  • Capital adequacy ratio: 25.6%
  • Daily average cost of funds: 6.6%
  • Portfolio yield: 16%

Strategic Themes and Forward-looking Statements:

  • Company is on track to achieve ROA guidance of 4% to 4.5% in medium term
  • Expect asset growth to pick up from second half of FY27
  • Expect cost of funds to trend higher in line with market rates
  • Focus on growing Banca channel and acquiring premium customers digitally
  • Strengthening diversified core and co-brand product portfolio
  • Expanding reach in Tier 2 and Tier 3 cities along with metros
  • Continuing investments in digital capabilities

Compliance Statement: The document represents a regulatory filing of already conducted earnings call transcript with no indication of sharing unpublished price sensitive information.

Additional Notes Section

Attachments: The earnings call transcript was attached to the regulatory filing (referred to as 'Encl:.aa')

Financial Data Status: Extensive financial data and performance metrics were disclosed in the earnings call transcript included in this filing.