Home / Business and Economy / SBI Card Profit Soars 14% Amidst Strong Spending Growth
SBI Card Profit Soars 14% Amidst Strong Spending Growth
27 Apr
Summary
- Net profit rose 14% to Rs 609 crore in Q4 FY26 compared to Q4 FY25.
- Total spends increased by 31% to Rs 115,350 crore in Q4 FY26.
- Gross non-performing assets decreased to 2.41% from 3.08% YoY.
SBI Cards and Payment Services announced a robust financial performance for Q4 FY26, with net profit climbing 14% to Rs 609 crore. Total income saw a 7.3% increase, reaching Rs 5,187 crore year-on-year.
The company experienced a substantial surge in customer activity, with total spends growing by 31% to Rs 115,350 crore in Q4 FY26. This period also marked a 6% rise in active cards, bringing the total to 2.21 crore.
Asset quality showed marked improvement. Gross non-performing assets (NPAs) reduced to 2.41% as of March 31, 2026, down from 3.08% in the prior year. Net NPAs also decreased to 1.04%.
For the full fiscal year 2026, SBI Card posted a net profit of Rs 2,167 crore, a 13.1% increase from FY25. Total income for FY26 was Rs 20,708 crore, up 11.1% YoY.
