SBI Cards and Payment Services Limited (SBICARD) Earnings Call Transcripts

SBI Cards and Payment Services Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, SBI Cards and Payment Services Limited reported revenue of INR 5,187 crores, reflecting a 7% year-over-year growth, while total revenue for FY '26 reached INR 20,708 crores, up 11% YoY. The profit after tax for Q4 was INR 609 crores, a 14% increase YoY, and for FY '26, it totaled INR 2,167 crores, growing 13% YoY. Management maintained a cautious outlook for FY '27, indicating potential moderation in credit costs and a stable cost-to-income ratio between 55% to 58%.

Reported metrics

Guidance from management

Management expects the cost-to-income ratio to remain stable between 55% to 58% in FY '27 and anticipates further moderation in credit costs, with a focus on maintaining asset quality.

What management said

So as [indiscernible], we had mentioned during our previous earnings call that we will target acquisition of INR 9 lakh to INR 1 million for the quarter, and we have ended this quarter with around INR 9.17 lakhs. So we are on track, and we have said that the growth will be calibrated. We look at the next quarter acquisition to be somewhere in the similar range and continue with the adding high-value, good quality cus...

So the change has largely been on account of the corporate spend because the corporate spend this year have been way higher than what they were last year. And as you can see from the [indiscernible], there is a substantial increase in the corporate expense this year compared to the last year. They are more on the -- they basically add a few percentage points on the cost to income. Next year, since we start the growth...

What analysts pressed on

Analysts expressed concerns regarding the lower new account additions compared to previous years and the implications of a higher cost-to-income ratio. There were questions about the sustainability of growth in the face of geopolitical uncertainties and tightening credit conditions.

Main topics on the call

• Revenue Growth — SBI Cards achieved a total revenue of INR 20,708 crores for FY '26, marking an 11% growth year-over-year. Management noted, 'Increased spend this year resulted in higher spend based income contributing to healthy revenue...
• Profitability Improvement — The profit after tax for Q4 FY '26 was INR 609 crores, up 14% YoY, while the annual profit reached INR 2,167 crores, a 13% increase. This was attributed to lower credit costs and increased spending.
• Credit Cost Management — Management indicated that credit costs are expected to moderate further in FY '27, stating, 'We expect the credit cost to moderate further in FY '27.' This reflects ongoing improvements in asset quality.
• Cost-to-Income Ratio Guidance — The cost-to-income ratio for Q4 was reported at 57.2%, with guidance for FY '27 set between 55% to 58%. Management explained that 'the change has largely been on account of the corporate spend.'

Read the full SBI Cards and Payment Services Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 22 SBI Cards and Payment Services Limited earnings call transcripts on record, spanning May 8, 2020 to July 24, 2026. Based on this history, SBI Cards and Payment Services Limited reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SBICARD

Exchange

NSEI

Country

IN

Sector

Financials

Industry

Consumer Finance

Calls on record

22

First call

May 8, 2020

Most recent

July 24, 2026

Reporting cadence

quarterly