SBI Cards and Payment Services Limited — Q1FY27 Earnings Call Summary

SBICARD · Q1FY27 · Filed 30 Jul 2026

Key Takeaways

• Expect asset growth pickup in H2FY27; cost of funds stable at 6.6%, NIM at 10.8%
• Cost-to-income ratio guidance for FY27 is 56-58%
• Net NPA at 0.83%, lowest since Q3FY23; gross credit cost improved 301 bps y-y to 6.5%
• Q1FY27 PAT grew 20% y-y to INR664 Cr; total revenue INR5,205 Cr +3% y-y
• Cards in force grew 7% y-y to 22.6 million; spends grew 27% y-y to INR1.18 tn
• ROA at 3.9%, ROE at 16.5%; capital adequacy ratio strong at 25.6%
• Focus on premium digital customer acquisition, Tier 2/3 expansion, and product innovation
• EMI portfolio growing; no current personal loan product but under evaluation
• Corporate spend targeted around 20% of total; retail spend growing steadily
• No current stress seen in IT sector portfolio despite external reports

📄 Source: View original transcript (PDF)

Summary generated by AI from the official transcript filed on BSE/NSE. Not investment advice.