Key Financial Performance (Q2 FY27 vs Q2 FY26)

Profitability:

  • Profit After Tax (PAT): ₹778 crore, increased by 75% YoY (vs ₹445 crore)
  • Profit Before Tax: ₹1,046 crore, increased by 74% YoY (vs ₹600 crore)
  • Total Income: ₹5,302 crore, increased by 3% YoY (vs ₹5,136 crore)
  • Interest Income: ₹2,511 crore, increased by 1% YoY (vs ₹2,490 crore)
  • Fees and Other Income: ₹2,630 crore, increased by 6% YoY (vs ₹2,471 crore)
  • Finance Costs: ₹787 crore, increased by 4% YoY (vs ₹760 crore)
  • Operating Costs: ₹2,649 crore, increased by 7% YoY (vs ₹2,484 crore)
  • Earnings Before Credit Costs: ₹1,865 crore, decreased by 1% YoY (vs ₹1,892 crore)
  • Impairment Losses & Bad Debts: ₹819 crore, decreased by 37% YoY (vs ₹1,293 crore)

Ratios:

  • Return on Average Assets (ROAA): 4.4% (vs 2.6% in Q2 FY26)
  • Return on Average Equity (ROAE): 18.4% (vs 12.1% in Q2 FY26)

Business Highlights

Operational Metrics:

  • Cards-in-Force: 2.32 crore as of Q2 FY27, grew by 8% YoY (vs 2.15 crore)
  • New Accounts: 1,106K in Q2 FY27 (vs 936K in Q2 FY26)
  • Spends: ₹110,689 crore in Q2 FY27, grew by 3% YoY (vs ₹107,063 crore)
  • Receivables: ₹58,376 crore in Q2 FY27, decreased by 2% YoY (vs ₹59,845 crore)

Market Share (per RBI data up to August 2026):

  • Card-in-Force: 18.5% (Q2 FY26: 19.0%)
  • Spends: 18.2% (Q2 FY26: 17.7%)
  • Company holds #2 position in industry for both cards-in-force and spends.

Balance Sheet Position (as of September 30, 2026 vs March 31, 2026)

Assets:

  • Total Balance Sheet Size: ₹71,102 crore (vs ₹66,328 crore)
  • Total Advances (Net of Provisions): ₹56,532 crore (vs ₹54,984 crore)
  • Cash & Bank Balances: ₹3,759 crore (vs ₹2,320 crore)
  • Investments: ₹7,980 crore (vs ₹6,374 crore)
  • Other Financial Assets & Trade Receivables: ₹772 crore (vs ₹598 crore)
  • Total Non-Financial Assets: ₹2,059 crore (vs ₹2,052 crore)

Liabilities and Equity:

  • Net Worth: ₹17,244 crore (vs ₹15,797 crore)
  • Total Equity: ₹17,172 crore (vs ₹15,725 crore)
  • Borrowings, Subordinated Liabilities & Debt Securities: ₹47,850 crore (vs ₹44,064 crore)
  • Other Financial Liabilities: ₹3,994 crore (vs ₹4,565 crore)
  • Total Non-Financial Liabilities: ₹2,087 crore (vs ₹1,974 crore)

Asset Quality

  • Gross Non-Performing Assets (GNPA): 1.90% of gross advances as of September 30, 2026 (vs 2.85% as of September 30, 2025)
  • Net Non-Performing Assets (NNPA): 0.77% as of September 30, 2026 (vs 1.29% as of September 30, 2025)

Capital Adequacy

  • Capital to Risk-weighted Assets Ratio (CRAR): 26.5% as of September 30, 2026 (vs 22.5% as of September 30, 2025)
  • Tier I Capital: 21.2% as of September 30, 2026 (vs 17.5% as of September 30, 2025)

Credit Ratings

  • CRISIL Long Term: AAA/Stable
  • CRISIL Short Term: A1+
  • ICRA Long Term: AAA/Stable
  • ICRA Short Term: A1+

Additional Information

  • The press release was uploaded to the company website at www.sbicard.com.
  • The disclosure was signed by Payal Mittal Chhabra, Chief Compliance Officer & Company Secretary.
  • Company CIN: L65999DL1998PLC093849.