SBI Cards and Payment Services Limited
3,924words
3turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
2.41 %
13%
12%
29%
₹ 333,480
₹ 430,359
2%
₹ 55,840
₹ 56,926
11%
₹ 18,637
Guidance — 1 items
Key Insights
opening
“Such statement typically contain the terms / phrases (including but not limited to) “will”, “believe”, “aim”, “may”, “would”, “expect”, “would /may result”, “goal”, “strategy”, “anticipate”, “intend”, “seek”, “plan”, “objective”, “contemplate”, “project”, “anticipate”, etc., These statements are neither factual nor do they constitute any historical information about the Company and are subject to change / uncertainties in future.”
Risks & concerns — 1 flagged
Winning among 150+ financial institutions, this national level accolade reflects the effectiveness of our Credit & Fraud Risk Management framework.
— Key Insights
Speaking time
2
1
Opening remarks
Registered Office
Unit 401 & 402, 4th Floor, Aggarwal Millennium Tower, E 1,2,3, Netaji Subhash Place, Wazirpur, New Delhi• 110034 CIN • L65999DL 1998PLC093849 INVESTOR PRESENTATION Q4 – FY 2025-26 INDEX 1 2 3 4 5 6 7 8 Key Highlights Portfolio Growth Financial Update Asset Quality Borrowings & Capital Adequacy ESG Shareholders Summary Annexures 2 Key Highlights FY26 at a glance Business Volumes Income/ Profits Asset Quality Profitability ratios GNPA Significantly lower @2.41 %, PAT 13% YoY New Accounts - 12% → 4,092K FY25 3,590K FY26 Total Spends + 29% ₹ 333,480 Cr → ₹ 430,359 Cr FY25 FY26 Receivables + 2% ₹ 55,840 Cr → ₹ 56,926 Cr Mar 25 Mar 26 Total Income + 11% ₹ 18,637 Cr → ₹ 20,708 Cr FY25 FY26 EBCC + 6% ₹ 7,452 Cr → ₹ 7,876 Cr FY25 FY26 PAT +13% ₹ 1,916 Cr → ₹ 2,167 Cr FY25 FY26 GCL % - 34 bps → 9.0 % FY25 ROAA +11 bps → 3.1% FY25 8.6% FY26 3.08 % Mar 25 GNPA % - 67 bps → 2.41% Mar 26 3.4% Mar 25 ECL % - 39 bps → 3.0% Mar 26 3.2% FY26 14.6% FY25 ROAE -5 bps → 14.6% FY26 EPS (Basic) +13 % → ₹ 20.1
Key Insights
Corporate Spends (₹ Cr) 8,656 10,840 ▪ Retail Spends continue to grow at 13 %YoY; Corporate spends 195% YOY 12% QOQ increasing profitably 17,452 22,739 25,564 ▪ IBNEA at 54% of Overall Receivables. Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 7 Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 172 155 177 157 201 212 210 168 170 164 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Ret+Corp Ret 30-day Retail spend active rate % 51% 52% 53% 53% 52% 26,816 26,710 27,832 26,233 25,762 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Receivables(₹ Cr)/Mix % 55,840 56,607 59,845 56,926 57,213 Interest Earning Receivables 59% 35% 24% 41% 36% 24% 40% 34% 22% 44% 56% 34% 23% 54% 32% 22% 44% 46% Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Transactor Revolver EMI 88 Retail Spends Insights Online Spend % 62.5% Spends Categories Total Spends % Growth^ POS Spends Online Spends 56.9% 57.9% 58.9% 54.4% Category 1 Departmental Stores, Health, Utilities, Rental, Education & D
Key Insights
Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 ▪ Higher PAT driven by improved credit cost Impairment on financial Instruments ▪ Lower operating cost QoQ mainly due to lower spend based cost Credit Cost 1,245 GWO 1,303 Provision (59) 1,352 1,280 72 1,293 1,281 12 Q4 FY25 Q1 FY26 Q2 FY26 1,222 1,220 (0) Q3 FY26 *1,097 1,145 (47) Q4 FY26 12% YOY 10% QOQ ▪ Credit cost declines to 7.7% vs 8.3% in last quarter *Includes Gross Credi cost of Rs 1098 Cr 11 P&L Summary Total Income -Revenue from Operations -Interest Income -Fees & Other Revenue -Other Income Interest Cost Operating Cost Earning Before Credit Cost Impairment on Financial Instruments PBT PAT Key Metrics Yield COF NIM Cost to Income Credit Cost ROA Q4 FY26 Q3 FY26 QoQ 5,187 4,935 2,382 2,553 252 714 2,561 1,913 5,353 5,127 2,536 2,591 226 785 2,597 1,971 -3% -4% -6% -1% 12% -9% -1% -3% 1,097 1,222 -10% 816 609 749 557 9% 9% YoY 7% 6% -1% 13% 60% -10% 24% -3% -12% 14% 14% 16.2% 6.4% 11.1% 57.2% 7.7% 3.6% 16.3% 6.5% 11.0% 56.8% 8.3% 3.2% -