'SBI Cards and Payment Services has posted 6% decline in net profit at Rs 555.96 crore in the quarter ended June 2025 (Q4FY2025). The income from operations increased 12% to Rs 4876.92 crore for Q1FY2026, while other income of the company jumped 28% to Rs 158.47 crore. The total income increased 12% to Rs 5035.39 crore for Q1FY2026. Interest expenses increased 6% to Rs 812.82 crore.
Operating expenses increased 18% to Rs 2087.63 crore, allowing the operating profits to improve 10% at Rs 2134.94 crore. The cost-to-income ratio was steady at 49.4% in Q1FY2026 from 47.5% in Q1FY2025.
Depreciation declined 29% to Rs 35.03 crore, while provisions increased 23% to Rs 1351.55 crore. Profit before tax fell 6% yoy basis at Rs 748.36 crore.
Effective tax rate increased to 25.7% in Q1FY2026 from 25.6% in Q1FY2025. Net Profit of the company, after share in profit of associates and non-controlling interest, fell 6% to Rs 555.96 crore for Q1FY2026.
Book value of th...
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