SBI Card Reports 14% Profit Increase in Q4 FY26, Total Income Reaches ₹5,187 Crore
SBI Card Q4 net profit rises 14% to ₹609 cr, total income at ₹5,187 cr
Business Standard
Image: Business Standard
SBI Cards and Payment Services Ltd (SBI Card) reported a 14% rise in net profit to ₹609 crore for Q4 FY26, with total income increasing to ₹5,187 crore. Despite a decline in interest income, the company's non-performing assets improved, reflecting a positive financial outlook.
- 01Net profit for Q4 FY26 rose to ₹609 crore, up from ₹534 crore a year ago.
- 02Total income increased to ₹5,187 crore, compared to ₹4,832 crore in the previous year.
- 03Interest income declined to ₹2,382 crore from ₹2,415 crore year-on-year.
- 04Gross non-performing assets improved to 2.41% of gross advances, down from 3.08%.
- 05For the full fiscal year, profit increased by 13% to ₹2,167 crore.
Advertisement
In-Article Ad
SBI Cards and Payment Services Ltd (SBI Card) announced a 14% increase in net profit for the fourth quarter of FY26, reaching ₹609 crore compared to ₹534 crore in the same period last year. Total income also saw a significant rise, climbing to ₹5,187 crore from ₹4,832 crore. However, the company experienced a decline in interest income, which fell to ₹2,382 crore from ₹2,415 crore year-on-year. On a positive note, the company's gross non-performing assets (NPAs) decreased to 2.41% of gross advances, down from 3.08% as of March 31, 2025. Net NPAs also improved, dropping to 1.04% from 1.46%. This led to a reduction in impairment losses and bad debts, which eased to ₹1,097 crore from ₹1,245 crore in the previous year. For the entire fiscal year 2025-26, SBI Card reported a profit increase of 13%, totaling ₹2,167 crore, up from ₹1,916 crore the previous year, with total income rising to ₹20,708 crore from ₹18,637 crore.
Advertisement
In-Article Ad
The improvement in SBI Card's financial performance may lead to more competitive credit offerings for consumers, potentially lowering interest rates on credit cards.
Advertisement
In-Article Ad
Reader Poll
Do you think SBI Card's improved financial performance will benefit consumers?
Connecting to poll...
Read the original article
Visit the source for the complete story.