Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q2 FY2026 Earnings Presentation
32 slides from Sbi Cards & Payment Services's earnings presentation, Oct 24, 2025
Slide 1: Regulation 30 disclosure letter to BSE and NSE
October 24, 2025 The BSE Limited The National Stock Exchange of India Corporate Relationship Department Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra-Kurla Complex. Mumbai - 400 001 Sandra (E), Mumbai - 400 051 SCRIP CODE: 543066 SYMBOL: SBICARD SECURITY: Equi
Slide 2: Investor Presentation Q2 FY 2025-26
INVESTOR PRESENTATION Q2 – FY 2025-26
Slide 3: Index
INDEX 1 Key Highlights 2 Portfolio Growth 3 Financial Update 4 Asset Quality 5 Borrowings & Capital Adequacy 6 ESG 7 Shareholders Summary 8 Annexures
Slide 4: Key Highlights
Key Highlights
Slide 5: Key Highlights for Q2 FY26
Key Highlights for Q2 FY26 Continued growth in spends, Credit cost lower QoQ 2.15 Cr ₹ 59,845 Cr Business 9.36 lacs ₹ 107,063 Cr Volumes New A/cs 4% YoY CIF 10% YoY Spends 31% YoY Receivables 8% YoY 7%QoQ 1% QoQ 15% QoQ 6% QoQ Profitability ₹ 445 Cr Cost to 56.8% 2.6% 12.1% PAT 10%
Slide 6: Portfolio Growth
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Slide 7: Key Business Metrics
Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 4% YOY 7% QOQ 10% YOY 8% YOY 11.75 11.09 1% QOQ 6% QOQ 9.04 8.73 9.36 59,845 2.12 2.15 55,601 56,607 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 1.96 Retail Spends (₹ Cr) 17% YOY 9% QOQ 89,611 Q2 FY25 Q1 FY26 Q2 FY26 Q2 FY25
Slide 8: Portfolio Growth
Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 28,387 27,052 26,816 27,832 201 26,710 169 173 172 177 168 158 162 155 157 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Ret+Corp Ret 30-day Retail spend active rate % Receivables(₹ Cr)/Mix % 55,601 54
Slide 9: Retail Spends Insights
Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 62.5% Category 1 Departmental Stores, Health, Utilities, 58.9% 7% 6% 10% Rental, Education & Direct Marketing 57.9% 56.9% Category 2 Consumer durables, Furnishing & 13% 16% 9% 54.4% Hardware, Appa
Slide 10: Financial Update
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Slide 11: Key Financials
Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend 12% YOY 4,674 4,877 4,961 10% YOY 4,421 4,619 2% QOQ 0% YOY 20% QOQ 999 1,001 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 556 Interest Cost 404 445 4% YOY 788 829 795 813 760 6% QOQ Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q1
Slide 12: P&L Summary
(All figures in ₹ Cr ) P&L Summary Q2 FY26 Q1 FY26 QoQ YoY H1 FY26 YoY Revenue from operations(₹ Cr) Total Income 5,136 5,035 2% 13% 10,169 13% (Composition Mix %) -Revenue from Operations 4,961 4,877 2% 12% 9,838 12% -Interest Income 2,490 2,493 0% 9% 4,983 10% -Fees & Other Revenue 2,471 2,384 4%
Slide 13: Asset Quality
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Slide 14: Asset Quality
(All figures in ₹ Cr ) Asset Quality Receivables (₹ Cr) (Composition Mix %) Q2 FY26 Q1 FY26 QoQ YoY H1 FY26 YoY 55,601 56,607 59,845 Gross Credit Cost *(A) 1,293 1,352 -4% 7% 2,644 14% 3.3% 3.1% 2.8% 5.7% 4.7% 4.2% -Gross Write off 1,281 1,280 0% 16% 2,561 23% -Provision 12 72 -84% -89% 83 -65% 91.0
Slide 15: New Sourcing Portfolio Insight
Portfolio Insight New Accounts Salaried Category Age Profile By City Tier 21% 32% New Sourcing 22% 27% For Q2 FY26 34% 50% 48% 50% 32% 19% 18% 48% SBI Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others Salaried 51%; Self employed 49% 1.00 1.04 0.76 1.06 20% 18% 0.56 35%
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy
Slide 17: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 21% 19% 19% 17% 22% 22.9% 22.9% 23.2% 22.5% 14% 12% CAR 22.1% 18% 16% 15% 4% 1% 65% 67% 67% 62% Tier 1 17.5% 17.9% 17.5% 61% 16.3% 17.0% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 WCDL CP NCD TL COF Tr
Slide 18: ESG
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Slide 19: ESG & CSR Update
ESG & CSR Update ENVIRONMENT SOCIAL Distribution of Relief Kits in Doda & Advancing Energy Efficiency Technology-led Customer Inclusion • Continued focus on energy efficiency through periodic Jammu, Mandi (HP) and Amritsar & • Enhanced digital onboarding through platform integrations upgrades and in
Slide 20: Shareholders Summary
Shareholders Summary
Slide 21: Shareholders Summary
Shareholders Summary Shareholding Pattern, 30th September 2025 Top 20 Shareholders as on 30th September 2025 S. No Name of Shareholder % 1 State Bank Of India 68.59 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 Others 3 Life Insurance Corporation Of India 1.98 Insurance 1.39% 4 Icici Prud
Slide 22: Annexures
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Slide 23: Balance Sheet Statement
Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’25 Sep’25 Assets Loans (Net of Provisions) 53,935 57,856 Cash & Bank Balances 2,738 3,333 Investments 6,235 5,906 All other Financial Assets 514 656 Total Financial Assets 63,422 67,751 PP&E, Intangible & Right of use assets 330 277 Curr
Slide 24: Profit & Loss Statement
Profit & Loss Statement (All figures in ₹ Cr ) Description Q2 FY25 Q1 FY26 Q2 FY26 H1 FY25 H1 FY26 Interest Income 2,290 2,493 2,490 4,533 4,983 Fees and commission income 1,957 2,191 2,265 3,885 4,457 Sale of Services 34 26 20 66 46 Business development incentive income 140 167 185 293 352 Insuranc
Slide 25: Explaining Returns
Explaining Returns Q2 FY25 Q1 FY26 Q2 FY26 QoQ YoY H1 FY26 YoY Interest Income 15.2% 15.2% 14.8% -41 bps -38 bps 15.0% -27 bps Fees and other Income 14.1% 14.6% 14.7% 17 bps 58 bps 14.6% 31 bps Recoveries 0.9% 1.0% 1.0% 6 bps 13 bps 1.0% 12 bps Total Revenue 30.2% 30.7% 30.5% -18 bps 32 bps 30.6% 17
Slide 26: Product Brief
Product Brief Super Premium Core Cards Co-Brand Cards Banking Retail Travel & Fuel SBI Card Elite SBI Card PRIME SBI Card Pulse AURUM Bank of Maharashtra SBI Flipkart SBI Card Indigo SBI Card Elite Reliance SBI Card Card SimplyCLICK SBI Card SimplySAVE SBI Card Shaurya Select SBI Card UCO Bank SBI C
Slide 27: Market Share
Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.7% 19.0% 19.0% 18.6% 18.2% 17.8% 18.2% 17.0% 17.6% 16.8% 16.7% 15.7% FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* *As per RBI report available till Aug’25 26
Slide 28: Recent Developments
Recent Developments Launch of 3 Marquee Co-brand Products Promotion through high-impact digital campaigns Executed digital campaigns for PhonePe SBI Card, Flipkart • PhonePe SBI Card – With a Value Back of up to 10% SBI Card, and IndiGo SBI Card. Each campaign was on spends done through PhonePe App,
Slide 29: Awards and Recognitions
Awards and Recognitions SBI Card won the Prestigious CII SBI Card was awarded at the National Artificial Intelligence prestigious 3rd National PoSH (AI) Award at the AI Summit Conclave and Excellence Awards 2025 under the 2025, in New Delhi. Comprehensive Compliance This award reflects our digital C
Slide 30: Glossary
Glossary Term Description New Accounts Sum of all accounts opened in a reporting period. Card-in-force Sum of all credit cards issued by us, including suspended credit cards that may be reactivated in future, net of cancelled and deactivated credit cards. Spends Total Spends (retail and corporate) c
Slide 31: Disclaimer
Disclaimer The information contained in this presentation is for information purposes only and does not constitute an offer or invitation to sell or purchase any securities of SBI Cards and Payment Services Limited in India or in any other jurisdiction. This presentation is not intended to be a pros
Slide 32: Thank you
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