SBI Cards Achieves Notable Profit Growth Amid Revenue Surge

SBI Cards and Payment Services has reported a robust 10.15% growth in net profit, totaling Rs 445 crore for the second quarter of the current fiscal year. This reflects an upswing from Rs 404 crore during the same period last year.

The company's total revenue saw an upturn of 13% year-on-year, rising to Rs 5,136 crore in Q2 FY26 compared to Rs 4,556 crore in the previous year. This increase was largely driven by a 9% rise in interest income, reaching Rs 2,490 crore, and a 16% increment in fees and commission income amounting to Rs 2,471 crore.

Despite a 4% decline in finance costs due to reduced borrowing costs, the company's operating costs surged by 24% to Rs 2,484 crore. The total balance sheet size as of September 30, 2025, stood at Rs 69,862 crore. SBI Card's gross non-performing assets improved to 2.85% from 3.27% year-on-year. Shares closed at Rs 930.40, showing a slight increase on the BSE.