Conference Call with SBI Cards and Payment Services Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Finance company SBI Cards and Payment Services announced Q1FY26 results Total income increased by 12% at Rs 5,035 crore in Q1FY26 v/s Rs 4,483 crore in Q1FY25. This movement was a result of the following key factors: Interest income increased by 11% at Rs 2,493 crore in Q1FY26 v/s Rs 2,243 crore in Q1FY25. Fees and commission income was up by 13% at Rs 2,384 crore in Q1FY26 v/s Rs 2,115 crore in Q1FY25. Finance costs increased by 6% at Rs 813 crore in Q1FY26 v/s Rs 767 crore in Q1FY25 due to higher receivables. Total Operating cost increased by 17% at Rs 2,123 crore in Q1FY26 v/s Rs 1,816 crore in Q1FY25. Earnings before credit costs increased by 11% at Rs 2,100 crore in Q1FY26 v/s Rs 1,900 crore in Q1FY25 Impairment losses & bad debts expenses increased by 23% at Rs 1,352 crore in Q1FY26 v/s Rs 1,101 crore in Q1FY25. Profit after tax was down 6% at Rs 556 crore in Q1FY26 v/s Rs 594 crore in Q1FY25 Balance Sheet as of June 30, 2025: Total Balance Sheet size as of June 30, 2025 has been Rs 66,009 crore as against Rs 65,546 crore as of March 31, 2025. Total Gross Advances (croreedit card receivables) as of June 30, 2025 were Rs 56,607 crore, as against Rs 55,840 crore as of March 31, 2025. Net worth as of June 30, 2025 has been Rs 14,413 crore as against Rs 13,853 crore as of March 31, 2025 Asset Quality: The Gross non-performing assets were at 3.07% of gross advances as of June 30, 2025, as against 3.06% as of June 30, 2024. Net non-performing assets were at 1.42% as of June 30, 2025, as against 1.11 % as of June 30, 2024. Capital Adequacy: As per the capital adequacy norms issued by the RBI, Company's capital to risk ratio consisting of Tier I and Tier II capital should not be less than 15% of its aggregate risk weighted assets on - balance sheet and of risk adjusted value of off-balance sheet items. As of June 30, 2025, Company's CRAR was 23.2% compared to 20.6% as of June 30, 2024. The Tier I capital in respect of an NBFC-ND-SI, at any point of time, can'Rs be less than 10%. Company's Tier I capital was 17.9% as of June 30, 2025, compared to 16.8% as of June 30, 2024. Result PDF