SBI Card reports strong Q2 FY26 growth, revenue up 13%

SBI Cards and Payment Services reported a 13% year-over-year increase in total revenue, reaching ₹5,136 Cr in Q2 FY26, with profit after tax rising 10% to ₹445 Cr. This growth was driven by a 9% rise in interest income to ₹2,490 Cr and a 16% increase in fees and commission income to ₹2,471 Cr. Finance costs declined 4% to ₹760 Cr, contributing to the improved profitability.

The company’s asset quality also improved, with gross non-performing assets at 2.85% of gross advances and net non-performing assets at 1.29% as of September 30, 2025. Cards-in-force grew by 10% year-over-year to 2.15 Cr, and customer spends increased by 31% to ₹107,063 Cr. The total balance sheet size expanded to ₹69,862 Cr, and net worth reached ₹14,861 Cr.