Q4 2026 SBI Cards and Payment Services Ltd Earnings Call Transcript
Key Points
- SBI Cards and Payment Services Ltd (BOM:543066) reported a 14% year-over-year growth in profit after tax for Q4, reaching INR609 crores.
- The company achieved a profit after tax of INR2,167 crores for FY26, marking a 13% growth year-over-year.
- Credit card spend grew by approximately 12% year-over-year to INR23.62 trillion, reflecting strong consumer engagement.
- The company maintained a strong capital adequacy ratio of 25.5%, indicating robust financial health.
- SBI Cards continues to be the second-largest credit card issuer in India with a market share of 18.6% in cards in force.
- New account additions were lower than the previous year, indicating a slowdown in customer acquisition.
- The cost-to-income ratio increased to 57.2% for Q4, up from previous levels, due to higher corporate expenses.
- Revolver rates have shown a downward bias, potentially impacting future profitability.
- Receivables growth was only 2% year-over-year, indicating a slowdown in asset growth.
- The company is facing challenges in maintaining its net interest margin due to potential increases in the cost of funds.
Ladies and gentlemen, good day, and welcome to SBI Cards and Payment Services Limited Q4 and FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Ms. Salila Pande, MD and CEO, SBI Cards. Thank you, and over to you.
Thank you, Danish. A very good afternoon to everyone. On behalf of the Board and management of SBI Cards, I would like to welcome and thank you for joining us today. I would like to extend our gratitude to all the stakeholders for their continued support and trust in the company. At SBI Card, we remain focused on supporting India's rapidly evolving digital payment landscape while further reinforcing our position as India's largest pure-play credit card player.
The Indian economy continues to demonstrate resilience despite ongoing geopolitical uncertainties with real GDP projected to grow at around 6.9% for the financial year '26, '27. As per IMS,
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