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SBI Cards and Payment Services Limited Q2 FY27 earnings call summary

NSE: SBICARD · BSE: 543066

Earnings call of 23 Oct 2026, summarised by AI from the filing.

SBI Card Q2 FY27 PAT ₹778 cr, up 75% Y-o-Y, with gross credit cost guided around 6% for FY27.

Key takeaways

  1. PAT ₹778 cr, up 75% Y-o-Y, mainly driven by improved credit costs.
  2. Credit cost guidance Gross credit cost guided around 6% for FY27, subject to geopolitical impact on asset quality.
  3. Receivables ₹58,376 cr; management expects spends to translate into receivables starting Q3 FY27.
  4. Spend growth Retail spend growth expected at mid-teens to high teens for the year, driven by festive season and customer engagement.
  5. Cost of funds Expected to increase over the next few quarters, keeping NIM range bound.

Original filing on BSE

SBI Cards and Payment Services Limited Q2 FY27 results

As filed: Revenue ₹5,141 cr (+4% year on year), EBITDA ₹1,704 cr (+40% year on year), PAT ₹778 cr (+75% year on year), EBITDA margin 33.2% (+858 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q1 FY27: Revenue ₹5,041 cr (+3% year on year), EBITDA ₹1,503 cr (+5% year on year), PAT ₹664 cr (+20% year on year), EBITDA margin 29.8% (+34 bps). Score 54 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA and profit growth were above it. EBITDA margin rose 34 bps year on year. Share price after the results: +4.9% in 28 days (Nifty 500: +2.7%).
  • Q4 FY26: Revenue ₹4,935 cr (+6% year on year), EBITDA ₹1,309 cr (−3% year on year), PAT ₹609 cr (+14% year on year), EBITDA margin 26.5% (−243 bps). Score 36 of 100, Below trend. Revenue and EBITDA growth were below the company's own trend; profit growth was above it. EBITDA margin fell 243 bps year on year. Other income 31% of PBT. Revenue fell 4% from last quarter. Share price after the results: −6.7% in 30 days (Nifty 500: +1.8%).
  • Q3 FY26: Revenue ₹5,127 cr (+11% year on year), EBITDA ₹1,342 cr (+8% year on year), PAT ₹557 cr (+45% year on year), EBITDA margin 26.2% (−85 bps). Score 54 of 100, In line with trend. Revenue and EBITDA growth were in line with the company's own trend; profit growth was well above it. EBITDA margin fell 85 bps year on year. Other income 30% of PBT. Share price after the results: +1.2% in 30 days (Nifty 500: +0.4%).
  • Q2 FY26: Revenue ₹4,961 cr (+12% year on year), EBITDA ₹1,219 cr (−2% year on year), PAT ₹445 cr (+10% year on year), EBITDA margin 24.6% (−366 bps). Score 41 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA growth was below it; profit growth was above it. EBITDA margin fell 366 bps year on year. Other income 29% of PBT. Profit fell 20% from last quarter. Share price after the results: −5.5% in 28 days (Nifty 500: +0.4%).
  • Q1 FY26: Revenue ₹4,877 cr (+12% year on year), EBITDA ₹1,438 cr (−4% year on year), PAT ₹556 cr (−6% year on year), EBITDA margin 29.5% (−472 bps). Score 44 of 100, In line with trend. Revenue growth was in line with the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 472 bps year on year. Revenue rose ₹518 cr on a year ago, more than the ₹447 cr it added the year before. Share price after the results: −7.6% in 28 days (Nifty 500: −0.1%).
  • Q4 FY25: Revenue ₹4,674 cr (+8% year on year), EBITDA ₹1,354 cr (−12% year on year), PAT ₹534 cr (−19% year on year), EBITDA margin 29.0% (−638 bps). Score 28 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was well below it. EBITDA margin fell 638 bps year on year. Share price after the results: −3.1% in 29 days (Nifty 500: +2.7%).
  • Q3 FY25: Revenue ₹4,619 cr (0% year on year), EBITDA ₹1,248 cr (−9% year on year), PAT ₹383 cr (−30% year on year), EBITDA margin 27.0% (−249 bps). Score 12 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 249 bps year on year. Other income 29% of PBT. Profit fell 5% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

SBI Cards and Payment Services Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.