Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q1 FY2026 Earnings Presentation
31 slides from Sbi Cards & Payment Services's earnings presentation, July 2025
Slide 1: Investor Presentation Q1 – FY 2025-26
INVESTOR PRESENTATION Q1 – FY 2025-26
Slide 2: 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 3: Key Highlights
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Slide 4: Key Highlights for Q1 FY26
Key Highlights for Q1 FY26 Continued growth in spends and receivables, Profit increases QoQ 2.12 Cr ₹ 56,607 Cr Business 8.73 lacs ₹ 93,244 Cr Volumes New A/cs 3% YoY CIF 10% YoY Spends 21% YoY Receivables 7% YoY 21%QoQ 2% QoQ 6% QoQ 1% QoQ Profitability ₹ 556 Cr Cost to 50.3% 3.4% 1
Slide 5: Portfolio Growth
osBiICard Portfolio Growth
Slide 6: Key Business Metrics
Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 3% YOY 21% QOQ 10% YOY 7% YOY 2% QOQ 1% QOQ 11.75 11.09 9.04 9.04 8.73 2.12 55,840 56,607 2.08 52,705 1.92 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Retail Spends (₹ Cr) 15% YOY 3% QOQ Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY
Slide 7: Portfolio Growth
Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 27,395 28,387 27,052 26,816 26,710 169 173 172 177 162 158 162 155 157 151 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Ret+Corp Ret 30-day Retail spend active rate % Receivables(₹ Cr)/Mix % 52,705 55
Slide 8: Retail Spends Insights
Retail Spends Insights Online Spend % % Growth^ Spends Categories Retail Spends POS Spends Online Spends 60.7% Category 1 58.9% Departmental Stores, Health, Utilities, 4% 4% 7% 57.9% Rental, Education & Direct Marketing 56.9% Category 2 Consumer durables, Furnishing & 20% 5% 57% 54.4% Hardware, Appa
Slide 9: Financial Update
osBICard Financial Update
Slide 10: Key Financials
Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend 12% YOY 6% YOY 4,619 4,674 4,877 4,359 4,421 4% QOQ 4% QOQ Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Interest Cost 594 534 556 6% YOY 404 383 767 788 829 795 813 2% QOQ Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY
Slide 11: P&L Summary
(All figures in ₹ Cr ) P&L Summary Q1 FY26 Q4 FY25 QoQ YoY Revenue from operations(₹ Cr) Total Income 5,035 4,832 4% 12% (Composition Mix %) -Revenue from Operations 4,877 4,674 4% 12% -Interest Income 2,493 2,415 3% 11% 4,359 4,674 4,877 -Fees & Other Revenue 2,384 2,259 6% 13% 7% 7% 6% -Other Inco
Slide 12: Asset Quality
osBicard Asset Quality
Slide 13: Asset Quality
(All figures in ₹ Cr ) Asset Quality Receivables (₹ Cr) (Composition Mix %) Q1 FY26 Q4 FY25 QoQ YoY 52,705 55,840 56,607 Gross Credit Cost *(A) 1,352 1,244 9% 23% 3.1% 3.1% 3.1% 6.2% 5.0% 4.7% -Gross Write off 1,280 1,303 -2% 32% 90.8% 91.9% 92.2% -Provision 72 (59) 222% -45% Recoveries (B) 157 154
Slide 14: New Sourcing – Portfolio Insights
Portfolio Insights New Accounts Salaried Category Age Profile By City Tier 21% 30% 25% New Sourcing 23% For Q1 FY26 30% 52% 56% 44% 19% 18% 33% 49% SBI Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others Salaried 61%; Self employed 39% 0.97 0.72 1.09 1.02 0.57 20% 17% 42%
Slide 15: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 20% 21% 19% 19% 17% 22.1% 22.9% 22.9% 23.2% 14% 12% CAR 20.6% 17% 18% 16% 4% 63% 65% 67% 67% Tier 1 17.5% 17.9% 61% 16.8% 16.3% 17.0% Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 WCDL CP NCD TL COF Trend
Slide 17: ESG
osBiCard
Slide 18: ESG Update
ESG Update Strengthened ESG Standing – FTSE4Good Recognition Included in the FTSE4Good Index Series post a notable ESG rating upgrade to 3.8, benchmarking us against global sustainability standards. ENVIRONMENT SOCIAL GOVERNANCE Advancing Energy Efficiency Through Smart Digital Innovation for Respon
Slide 19: Shareholders Summary
osBiICard Shareholders Summary
Slide 20: Shareholders Summary
Shareholders Summary Shareholding Pattern, 30th June 2025 Top 20 Shareholders as on 30th June 2025 S. No Name of Shareholder % 1 State Bank Of India 68.59 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 Insurance Others 3 Life Insurance Corporation Of India 1.98 6.74% 1.37% 4 Icici Prudenti
Slide 21: Annexures
OSsBICard Annexures
Slide 22: Balance Sheet Statement
Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’25 Jun’25 Assets Loans (Net of Provisions) 53,935 54,629 Cash & Bank Balances 2,738 2,266 Investments 6,235 6,329 All other Financial Assets 514 659 Total Financial Assets 63,422 63,883 PP&E, Intangible & Right of use assets 330 302 Curr
Slide 23: Profit & Loss Statement
Profit & Loss Statement (All figures in ₹ Cr ) Description Q1 FY25 Q4 FY25 Q1 FY26 Interest Income 2,243 2,415 2,493 Fees and commission income 1,928 2,093 2,191 Sale of Services 33 27 26 Business development incentive income 154 138 167 Insurance commission income 1 1 0 Net gain on fair value chang
Slide 24: Explaining Returns
Explaining Returns Q1 FY25 Q4 FY25 Q1 FY26 QoQ YoY Interest Income 15.3% 15.1% 15.2% 6 bps -11 bps Fees and other Income 14.5% 14.2% 14.6% 36 bps 10 bps Recoveries 0.8% 1.0% 1.0% -1 bp 12 bps Total Revenue 30.6% 30.3% 30.7% 42 bps 10 bps Finance Costs 5.2% 5.0% 5.0% -3 bps -28 bps Operating Costs 12
Slide 25: 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 UCO Bank SBI Card KrisFlyer SBI Card Apex Tata Neu Infinity SBI Card Reliance SBI Card SimplyCLICK SBI Card SimplySAVE SBI Card Shaurya Select SBI Card Lifestyle Home
Slide 26: Market Share
Market Share Dominant credit card player in India CARDS IN FORCE SPENDS TRANSACTIONS 19.7% 19.0% 19.1% 18.6% 18.2% 17.8% 18.2% 17.0% 17.5% 16.6% 16.7% 15.7% FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* *As per RBI report available till June’25 26
Slide 27: Recent Developments
Recent Developments Launch of Tata Neu SBI Card Introduced Apollo SBI Card SELECT SBI Card partnered with Tata Digital to launch SBI Card & Apollo HealthCo have extended their Tata Neu SBI Card. partnership to introduce Apollo SBI Card SELECT. The lifestyle co-branded credit card offers rewards The
Slide 28: Awards and Recognitions
Awards and Recognitions SBI Card won the Prestigious SBI Card won the prestigious Economic Times HR Silver CRIF High Mark Data Excellence Training Award for ‘Best Awards 2025 held at Mumbai. advance in learning SBI Card was awarded under the management measurement Special Category for one of the bus
Slide 29: 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 30: 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 31: Thank you
OSBICard Thank you a
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