SBI Cards reports mixed FY25 results at 27th AGM

SBI Cards and Payment Services Limited announced the proceedings of its 27th Annual General Meeting held on August 29, 2025, where key financial and operational highlights for the fiscal year ended March 31, 2025, were presented. The company achieved 21 million cards in force, with retail spends increasing by 18% year-over-year to INR 308,779 Cr. Receivables grew by 10% to INR 55,840 Cr, while total income saw a 7% rise to INR 18,637 Cr.

However, new accounts decreased by 6% to 4,092K, and Profit After Tax (PAT) declined by 20% to INR 1,916 Cr. Earnings Per Share (Basic) also saw a 21% decrease to INR 20.15. Asset quality showed a rise in Gross Non-Performing Assets (GNPA) by 31 basis points to 3.08%, and Gross Credit Loss (GCL) by 189 basis points to 9.0%.

The company outlined strategic objectives, including expanding customer acquisition capabilities, accelerating transaction volume, and improving cardholder experience. It emphasized its focus on digital capabilities, evidenced by SPRINT Expansion and Hyper-personalization GEN 1 initiatives, along with enhancing customer experience through a revamped mobile app and WhatsApp/Livechat integration. SBI Cards also continues to leverage UPI for credit card transactions and reported a Crisil ESG rating of 65, indicating strong sustainability performance.