Sbi Cards & Payment Services Ltd · NSE:SBICARD
Sbi Cards & Payment Services — Q3 FY26 Earnings Presentation
32 slides from Sbi Cards & Payment Services's earnings presentation, Jan 28, 2026
Slide 1: Exchange disclosure cover letter
January 28, 2026 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 Q3 FY 2025-26
INVESTOR PRESENTATION
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
© card Key Highlights
Slide 5: Key Highlights for Q3 FY26
Key Highlights for Q3 FY26 KeyRobust Highlights fordriven profitability Q3FY23 by strong growth in Spends and improved Credit Cost 2.18 Cr ₹ 57,213 Cr Business 8.64 lacs ₹ 114,702 Cr Volumes New A/cs 26% YoY CIF 8% YoY Spends 33% YoY Receivables 4% YoY 8%QoQ 1% QoQ 7% QoQ 4% QoQ Prof
Slide 6: Portfolio Growth
Portfolio Growth
Slide 7: Key Business Metrics
Key Business Metrics New Accounts (Lacs) Cards-in-force (Cr) Receivables (₹ Cr) 26% YOY 8% QOQ 8% YOY 4% YOY 11.75 11.09 1% QOQ 4% QOQ 8.73 9.36 8.64 2.18 59,845 2.15 57,213 54,773 2.02 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Retail Spends (₹ Cr) 14% YOY 3% QOQ 91,962 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25
Slide 8: Portfolio Growth
Portfolio Growth Spend per Card (₹ ‘000) Receivable per Card (₹) 27,832 27,052 26,816 26,710 26,233 201 212 173 162 172 177 168 170 155 157 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Ret+Corp Ret 30-day Retail spend active rate % Receivables(₹ Cr)/Mix % 54,773 55
Slide 9: Retail Spends Insights
Retail Spends Insights Online Spend % % Growth^ Spends Categories Total Spends POS Spends Online Spends 62.1% Category 1 58.9% Departmental Stores, Health, Utilities, 1% 4% 2% 57.9% Rental, Education & Direct Marketing 56.9% Category 2 Consumer durables, Furnishing & 17% 12% 26% 54.4% Hardware, Appa
Slide 10: Financial Update
Financial Update
Slide 11: Key Financials
Key Financials (All figures in ₹ Cr ) Revenue from operations PAT Trend 5,127 11% YOY 13% YOY 4,674 4,877 4,961 45% YOY 4,619 3% QOQ 25% QOQ 1,557 1,382 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 557 Interest Cost 445 383 5% YOY 829 795 813 760 785 3% QOQ Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 9M FY25
Slide 12: P&L Summary
P&L Summary (All figures in ₹ Cr ) Q3 FY26 Q2 FY26 QoQ YoY 9M FY26 YoY Revenue from operations(₹ Cr) Total Income 5,353 5,136 4% 12% 15,521 12% (Composition Mix %) -Revenue from Operations 5,127 4,961 3% 11% 14,965 12% -Interest Income 2,536 2,490 2% 6% 7,519 8% -Fees & Other Revenue 2,591 2,471 5%
Slide 13: Asset Quality
Asset Quality
Slide 14: Asset Quality
(All figures in ₹ Cr ) Asset Quality Receivables (₹ Cr) (Composition Mix %) Q3 FY26 Q2 FY26 QoQ YoY 9M FY26 YoY 54,773 59,845 57,213 Gross Credit Cost *(A) 1,220 1,293 -6% -7% 3,864 7% 3.2% 2.8% 2.9% 5.6% 4.2% 3.9% -Gross Write off 1,220 1,281 -5% -10% 3,781 10% -Provision (0) 12 -100% -100% 83 -58%
Slide 15: New Sourcing Portfolio Insight
Portfolio Insight New Accounts Salaried Category Age Profile By City Tier 19% New Sourcing 33% 20% For Q3 FY26 30% 42% 37% 44% 56% 30% 20% 21% 48% SBI Open Market Govt/PSU Cat A Cat B Under 30 31-45 >45 Tier 1 Tier 2 Tier 3 Others 1.02 1.02 0.78 1.04 20% 18% 0.56 35% 42% 26% As on 31 Dec 25 1.16 Car
Slide 16: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy
Slide 17: Borrowings & Capital Adequacy
Borrowings & Capital Adequacy Borrowings Mix Capital Adequacy 19% 19% 17% 22% 23% 23.2% 24.4% 14% 12% CAR 22.9% 22.9% 22.5% 16% 15% 14% 4% 1% 65% 67% 67% 62% 63% Tier 1 17.5% 17.9% 17.5% 19.1% 17.0% Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 WCDL CP NCD TL COF Tr
Slide 18: ESG
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Slide 19: ESG & CSR Update
ESG & CSR Update Latest ESG Ratings ENVIRONMENT Employee Engagements @ SBI Card Decarbonization • Committed to achieving Carbon Neutrality by 2030 SOCIAL Community Drives • Joy of Giving drive was organized, wherein employees donated old Rating improvement from ‘A’ to ‘AA’ toys, clothes, and Promoti
Slide 20: Shareholders Summary
Shareholders Summary
Slide 21: Shareholders Summary
Shareholders Summary Shareholding Pattern, 31st December 2025 Top 20 Shareholders as on 31st December 2025 S. No Name of Shareholder % 1 State Bank Of India 68.58 2 Life Insurance Corporation Of India - P & Gs Fund 4.11 Others 3 Life Insurance Corporation Of India 1.98 Insurance 1.41% 4 Icici Pruden
Slide 22: Annexures
Annexures
Slide 23: Balance Sheet Statement
Balance Sheet Statement (All figures in ₹ Cr ) Description Mar’25 Dec’25 Assets Loans (Net of Provisions) 53,935 55,224 Cash & Bank Balances 2,738 2,507 Investments 6,235 6,855 All other Financial Assets 514 667 Total Financial Assets 63,422 65,253 PP&E, Intangible & Right of use assets 330 253 Curr
Slide 24: Profit & Loss Statement
Profit & Loss Statement (All figures in ₹ Cr ) Description Q3 FY25 Q2 FY26 Q3 FY26 9M FY25 9M FY26 Interest Income 2,399 2,490 2,536 6,932 7,519 Fees and commission income 2,025 2,265 2,367 5,910 6,823 Sale of Services 33 20 21 99 67 Business development incentive income 161 185 202 454 554 Insuranc
Slide 25: Explaining Returns
Explaining Returns Q3 FY25 Q2 FY26 Q3 FY26 QoQ YoY 9M FY26 YoY Interest Income 15.3% 14.8% 14.7% -7 bps -55 bps 14.9% -33 bps Fees and other Income 14.2% 14.7% 15.4% 65 bps 122 bps 14.9% 66 bps Recoveries 0.9% 1.0% 1.0% -2 bps 6 bps 1.0% 10 bps Total Revenue 30.4% 30.5% 31.1% 56 bps 73 bps 30.8% 43
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% 18.6% 18.8% 18.2% 18.2% 17.8% 17.7% 17.7% 17.0% 16.7% 15.7% FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* FY23 FY24 FY25 FY26* *As per RBI report available till Dec’25 26
Slide 28: Recent Developments
Recent Developments Festive Offers Promotion Campaign 2025 Grand Aarambham, a South India focused Festive Influencer Campaign o Strategic Partnerships: Collaborated with Apple, Led by R. Ashwin, the campaign was rolled out through a Amazon & Flipkart as a preferred partner to drive high-impact tease
Slide 29: Awards and Recognitions
Awards and Recognitions SBI Card golden streak continued at Ms. Salila Pande, Managing Director and the LACP Awards. Our Integrated CEO, SBI Card has been awarded as the Annual Report FY24-25 has been most Powerful Women in business 2025 by awarded the Gold Award at the 2025 Business Today. The awar
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
Thank You
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