Meanwhile, revenue from operations rose around 6% to Rs 4,934 crore in Q4 FY26 from Rs 4,674 crore in Q4 FY25.
Total income increased a little over 7% YoY to Rs 5,187 crore, and total expenses grew 6% YoY to Rs 4,371 crore during the quarter under review. The shares of the company traded with marginal losses at around Rs 664 apiece after the release of the results.
SBI Card’s FY26 net profit
SBI Card’s net profit for the entire financial year 2026 grew over 13% YoY to Rs 2,167 crore, from the Rs 1,916 crore net profit reported in FY25. Revenue from operations rose 10% YoY to nearly Rs 19,900 crore while total expenses grew around 11% YoY to Rs 17,794 crore in FY26. Total income during the same period grew more than 11% YoY to Rs 20,708 crore.
During the January-March quarter of FY26, SBI Card saw a 17% YoY decline in new accounts to 9.17 lakh, along with an improvement in asset quality. Gross non-performing asset (GNPA) ratio declined 67 bps YoY to 2.41%, and net NPA ratio reduced 261 bps YoY to 25.5%. Cost to income jumped 589 bps YoY to 57.2% during the quarter under review.
Return on assets (ROA) rose by 29 bps YoY to 3.6%, but net interest margin (NIM) reduced 10 bps YoY to 11.1% in Q4 FY26. The company’s retail spends grew 13% YoY but declined 2% sequentially to Rs 89,786 crore. Corporate spends meanwhile jumped 195% YoY to Rs 25,564 crore during the quarter under review. Overall, spends increased 31% YoY to Rs 1,15,350 in Q4 FY26.
SBI Card’s capital adequacy ratio stood at 25.5%, with the same for Tier 1 at 20% in the March quarter. “As per the capital adequacy norms issued by the RBI, the company’s capital-to-risk ratio, consisting of tier I and tier II capital, should not be less than 15% of its aggregate risk-weighted assets on the balance sheet and of the risk-adjusted value of off-balance sheet items. As of March 31, 2026, the company’s CRAR was 25.5% compared to 22.9% as of March 31, 2025,” it said in its press release.The company’s market share in cards, however, slightly contracted to 18.6% in FY26 from 19% in FY25.
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