SBI Card Q2 Results: Net Profit Rises 10% to Rs 445 Crore

SBI Cards and Payment Services on Friday reported a 10.15% increase in net profit at Rs 445 crore for the second quarter of the current fiscal, driven by growth in interest income and fees and commission income.

Key Highlights of Q2 Results

The company had a net profit of Rs 404 crore in the July-September period of last fiscal (FY25). Total revenue increased by 13% year-on-year at Rs 5,136 crore in the second quarter of fiscal 2026, from Rs 4,556 crore a year ago.

In a statement, SBI Card said the interest income increased by 9% at Rs 2,490 crore in Q2 FY26 from Rs 2,290 crore a year ago. Fees and commission income increased by 16% at Rs 2,471 crore in the quarter under review.

Operating Costs and Finance Costs

Finance costs declined by 4% to Rs 760 crore due to lower cost of borrowings. However, total operating cost increased by 24% at Rs 2,484 crore in Q2 FY26 from Rs 2,011 crore a year ago.

Total balance sheet size as of September 30, 2025, was Rs 69,862 crore as against Rs 65,546 crore on March 31, 2025.

Gross Non-Performing Assets

Gross non-performing assets were at 2.85% of gross advances as of Sept. 30, 2025, as against 3.27% a year ago.

Shares of SBI Card closed at Rs 930.40 apiece, up 0.21% over the previous close on BSE.

Implications for Investors

The Q2 results of SBI Card are a positive sign for investors, indicating a growth in the company’s revenue and profitability. The increase in interest income and fees and commission income is a testament to the company’s strong performance in the credit card industry.

However, the increase in operating costs is a concern, and the company will need to focus on managing its costs to maintain its profitability.

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Outlook for the Banking Sector

The banking sector has been witnessing a significant growth in recent years, driven by the increasing demand for credit and the growth of the Indian economy.

The banking sector news has been positive, with many banks reporting a growth in their revenue and profitability.

However, the sector also faces challenges such as the increasing competition from fintech companies and the need to manage non-performing assets.

Conclusion

In conclusion, the Q2 results of SBI Card are a positive sign for investors, indicating a growth in the company’s revenue and profitability.

Investors can visit our website to learn more about credit card industry news and stay updated on the latest developments in the Indian stock market.