Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript - SBI Card Q2''FY 27 Earnings Call

AI summary - Q2 FY27 revenue from operations INR5,141 Cr +4% y-y; PAT INR778 Cr +75% y-y - Cards in Force grew 8% y-y to 23.2 million; net additions over 1 million in Q2 - Retail spends INR95,299 Cr +6% y-y; total spends INR1,10,689 Cr +3% y-y - Gross credit cost improved to 5.6%, expected ~6% for FY27; gross NPA 1.9%, net NPA 0.77% - NIM stable at 10.8%; cost of funds rose 18 bps q-o-q; focus on optimizing borrowing mix - Expect mid-teens to high-teens retail spend growth for FY27; receivables growth to pick up in H2 - Capital adequacy above 26%; ROA 4.4%, ROE 18.4%, both up y-y - Multiple analyst queries on margin trajectory; mgmt expects to keep NIM stable despite rate hikes - Management highlights expansion in Tier 2/3 markets, digital capabilities, and cost discipline