1 month ago
SBI Card Reports Q1 FY27 Profit of ₹654.44 Crore
SBI Card, a company that provides credit cards and payment services, recently announced its financial results for the first quarter of the fiscal year 2027.
The company made a net profit of ₹654.44 crore, which is a good sign of its financial health.
The total income for the quarter was ₹5,205.36 crore, showing a 7.80% increase from the previous quarter.
However, the company also had higher expenses, amounting to ₹4,312.93 crore.
The quality of the company's assets improved, with fewer non-performing assets.
The company also made additional provisions for potential losses and increased provisions for employee benefits due to new labour codes.
Overall, SBI Card had a strong quarter but also faced some challenges with rising expenses and provisions.
SBI Card reported a net profit of ₹654.44 crore for Q1 FY27.
Total income rose by 7.80% to ₹5,205.36 crore.
Revenue from operations increased to ₹5,040.50 crore.
Total expenses were ₹4,312.93 crore, up from the previous quarter.
Gross Non-Performing Assets (Stage 3) improved to 2.04%.
- Who
- SBI Cards and Payment Services Ltd (SBI Card)
- What
- Reported a consolidated net profit after tax of ₹654.44 crore for Q1 FY27
- Where
- Mumbai
- When
- Quarter ended June 30, 2026
- Why
- Due to strong financial performance and improved asset quality
Positive Financial Performance
Increased Expenses and Provisions
Revenue Growth
Positive Financial Performance
Total income rose by 7.80% to ₹5,205.36 crore, indicating strong financial performance.
Increased Expenses and Provisions
Total expenses also increased to ₹4,312.93 crore, which could be a concern for cost management.
Asset Quality
Positive Financial Performance
Gross Non-Performing Assets (Stage 3) improved to 2.04% from 2.41%, showing better asset quality.
Increased Expenses and Provisions
The company made an additional impairment provision of ₹70 crore, which could impact profitability.
Employee Benefits
Positive Financial Performance
The company recognized an estimated increase in provision for employee benefits due to new labour codes, ensuring compliance with regulations.
Increased Expenses and Provisions
This increase in provision for employee benefits by ₹27 crore could add to the overall expenses.
Key facts
- Net Profit
- ₹654.44 crore
- Total Income
- ₹5,205.36 crore
- Revenue from Operations
- ₹5,040.50 crore
- Total Expenses
- ₹4,312.93 crore
- Earnings per Share
- ₹6.98
- Gross Non-Performing Assets (Stage 3)
- 2.04%
- Net Non-Performing Assets (Stage 3)
- 0.83%
- Paid-up Equity Capital
- ₹951.61 crore
- Capital Adequacy Ratio
- 25.64%
- Additional Impairment Provision
- ₹70 crore
- Increase in Provision for Employee Benefits
- ₹27 crore
Sources
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