Total revenue from operations stood at Rs 4,960.98 crore in the second quarter of FY26, up 12.21% year on year.

Profit before tax in Q2 FY26 stood at Rs 599.77 crore, up by 10% from Rs 545.21 crore in Q2 FY25.

Total income increased by 13% to Rs 5,136 crore in Q2 FY26, compared to Rs 4,556 crore in Q2 FY25. This growth was primarily driven by a 9% rise in interest income to Rs 2,490 crore from Rs 2,290 crore, and a 16% increase in fee and commission income to Rs 2,471 crore from Rs 2,131 Cr during the same period. Additionally, finance costs declined by 4% to Rs 760 crore in Q2 FY26, as against Rs 788 crore in Q2 FY25, mainly due to a lower cost of borrowings.

Total operating costs increased by 24% to Rs 2,484 crore in Q2 FY26 from Rs 2,011 crore in Q2 FY25, reflecting higher business volumes and operational expansion.

Earnings before credit costs rose by 8% to Rs 1,892 crore in Q2 FY26, compared to Rs 1,757 crore in Q2 FY25.

Impairment losses and bad debt expenses increased by 7% to Rs 1,293 crore in Q2 FY26, as against Rs 1,212 crore in Q2 FY25.

The company continued to deliver strong business performance in Q2 FY26, with cards-in-force growing by 10% year-on-year to 2.15 crore, compared to 1.96 crore in Q2 FY25. New account volumes stood at 936K in Q2 FY26, up from 904K in the corresponding quarter last year. Spends recorded a robust 31% YoY growth, reaching Rs 107,063 crore as against Rs 81,893 crore in Q2 FY25, while receivables increased by 8% to Rs 59,845 crore, compared to Rs 55,601 crore in Q2 FY25.

The company’s market share for cards-in-force stood at 19.0% (Q2 FY25: 18.5%) and for spends at 17.0% (Q2 FY25: 15.7%), maintaining its position as #2 in cards-in-force and #3 in spends within the industry.

On asset quality front, the gross non-performing assets (GNPA) stood at 2.85% of gross advances as of 30 September 2025, compared to 3.27% as of 30 September 2024, reflecting an improvement in asset quality. The net non-performing assets (NNPA) were at 1.29% as of 30 September 2025, as against 1.19% as of 30 September 2024.

As of 30 September 30, 2025, the company's CRAR was 22.5% compared to 22.1 % as of 30 September 2024. The Tier I capital requirement for an NBFC-ND-SI is a minimum of 10% at all times. The company’s Tier I capital stood at 17.5% as of 30 September 2025, compared to 16.3% as of September 30, 2024, indicating a strong capital adequacy position well above the regulatory requirement.

Total advances (net of provisions) were Rs 57,856 crore as of 30 September 2025, up from Rs 53,935 crore as of 31 March 2025. The company’s net worth also increased to Rs 14,861 croroe as of 30 September 2025, compared to Rs 13,853 crore as of 31 March 2025, demonstrating continued strengthening of the balance sheet.

SBI Cards and Payment Services (SBI Card) is a non-banking financial company that offers extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel & fuel, and banking partnerships cards along with corporate cards covering all major cardholders' segments in terms of income profile and lifestyle.

Shares of SBI Cards and Payment Services rose 0.21% to close at Rs 930.40 on Friday, 24 October 2025.