Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript - SBI Card Q1''FY 27 Earnings Call

AI summary - 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 - Net NPA at 0.83%, lowest since Q3FY23; gross credit cost improved 301 bps y-y to 6.5% - ROA at 3.9%, ROE at 16.5%; capital adequacy ratio strong at 25.6% - Expect asset growth pickup in H2FY27; cost of funds stable at 6.6%, NIM at 10.8% - 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 - Cost-to-income ratio guidance for FY27 is 56-58% - No current stress seen in IT sector portfolio despite external reports - Management confident of delivering profitable growth and maintaining asset quality