SBI Cards and Payment Services cash flow

Latest FY26

Cash from operations: ₹493cr−₹2,140 cr in FY25
Capital spending: ₹33.6cr−39.7% on FY25
Free cash flow: ₹459cr−₹2,196 cr in FY25
Cash from financing: −₹1,172cr₹4,687 cr in FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Sep 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Changes in working capital
Adjustments to reconcile profit — non-cash items						FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	—	136	147	197	164
	—	4,962	4,871	3,287	2,159
	—	3,072	3,178	2,595	1,648
	—	−415	−277	2.8	−13.7
	—	0.0	0.0	−1.1	0.0
	—	3.8	10.7	10.7	14.1
	—	1.2	−1.9	0.8	0.1
	—	−47.6	7.6	−100	23.5
	—	−31.6	51.6	87.3	−204
	—	−14,738	−17,898	−13,040	−11,677
	—	8,720	8,169	0.0	−0.7
	—	−15.5	46.9	117	−16.4
	—	121	84.9	113	279
	—	−473	695	1,403	−10.4
	—	−22.0	60.1	188	141
	—	140	40.4	−3.5	142
Cash from operating activities
	3,504	2,913	2,581	3,232	3,031
	—	1,414	−814	−5,143	−7,353
	—	4,327	1,766	−1,911	−4,322
	—	3,062	3,157	2,604	1,584
	—	772	750	936	764
	—	493	−2,140	−5,452	−6,671
Cash from investing activities
	—	33.6	55.8	74.5	93.4
	—	0.1	0.4	−0.0	0.2
	—	5,110	4,775	3,024	3,704
	—	4,734	2,081	1,642	2,876
	—	654	259	0.0	0.0
	—	245	−2,491	−1,457	−921
Cash from financing activities
	—	3.3	5.8	74.5	44.1
	—	2,000	−2,905	−640	−544
	—	−842	7,939	9,430	8,608
	—	2,050	0.0	0.0	0.0
	—	66.3	65.6	101	71.2
	—	217	287	363	213
	—	0.0	0.7	0.0	0.0
	—	−1,172	4,687	8,401	7,824
	—	−434	55.5	1,492	232
	—	−434	55.5	1,492	232
	—	2,104	2,538	2,482	990
Reference items
	5,859	5,313	5,341	5,509	4,223
	28.9%	26.7%	29.6%	32.5%	30.9%
	459	459	−2,196	−5,526	−6,764
	—	−423	2,859	3,255	—
	₹4.83	₹4.83	−₹23.08	−₹58.07	−₹71.08
	111.86×	—	—	—	—
	—	0.23×	−1.12×	−2.26×	−2.95×
	—	772	750	936	764
	—	3,062	3,157	2,604	1,584

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From the company's filings with NSE and BSE (Ind-AS), standalone. For information only, not investment advice.

alphave

SBICARD₹540.00

SBI Cards and Payment Services Ltd.

· Banking & Finance

₹ CrorePeersHDFCBANK ICICIBANK POLICYBZR BANKINDIA PAYTM LICHSGFIN MFSL INDIANBMcap ₹51,386 Cr

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In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/09/2026
Adjustments to Reconcile Profit — Non-cash Items
+ Depreciation & Amortisation	163.8	196.7	146.8	136.3	—
+ Impairment Loss / (Reversal)	2,159.0	3,287.4	4,870.8	4,962.4	—
+ Finance Costs	1,647.6	2,595.2	3,178.4	3,071.6	—
+ Interest Income	-13.7	2.8	-276.9	-415.1	—
+ Fair Value (Gains) / Losses	0.0	-1.1	0.0	0.0	—
+ Share-based Payments	14.1	10.7	10.7	3.8	—
+ Unrealised FX (Gain) / Loss	0.1	0.8	-1.9	1.2	—
Changes in Working Capital
+ Trade Receivables — Current	23.5	-100.1	7.6	-47.6	—
+ Other Financial Assets — Current	-204.3	87.3	51.6	-31.6	—
+ Other Financial Assets — Non-current	-11,677.1	-13,040.3	-17,897.8	-14,737.9	—
+ Other Non-current Assets	-0.7	0.0	8,168.6	8,719.8	—
+ Other Bank Balances	-16.4	117.1	46.9	-15.5	—
+ Trade Payables — Current	278.9	112.9	84.9	121.3	—
+ Other Financial Liabilities — Current	-10.4	1,402.6	695.4	-473.3	—
+ Other Current Liabilities	141.0	188.2	60.1	-22.0	—
+ Provisions — Current	141.9	-3.5	40.4	140.4	—
Cash from Operating Activities
Profit Before Tax (per I/S)	3,030.6	3,231.8	2,580.7	2,913.2	3,503.9
+ Total Adjustments (incl. Working Capital)	-7,352.7	-5,143.2	-814.2	1,413.8	—
Cash from Operations (pre-tax)	-4,322.2	-1,911.4	1,766.5	4,327.0	—
+ Interest Paid — Operating	1,584.0	2,604.2	3,156.9	3,062.2	—
+ Income Taxes Paid	764.4	935.9	750.0	771.8	—
Cash from Operating Activities	-6,670.5	-5,451.5	-2,140.5	493.0	—
Cash from Investing Activities
+ Acq of Fixed Assets (Capex)	93.4	74.5	55.8	33.6	—
+ Disp of Fixed Assets	0.2	-0.0	0.4	0.1	—
+ Acq of Investment Property	3,704.5	3,024.4	4,774.9	5,109.7	—
+ Disp of Investment Property	2,876.2	1,641.5	2,081.0	4,734.3	—
+ Interest Received — Investing	0.0	0.0	258.7	654.4	—
Cash from Investing Activities	-921.4	-1,457.4	-2,490.6	245.5	—
Cash from Financing Activities
+ Proceeds from Issue of Shares	44.1	74.5	5.8	3.3	—
+ Proceeds from Debentures / Notes / Bonds	-544.4	-640.0	-2,905.0	2,000.0	—
+ Proceeds from Borrowings	8,607.9	9,430.4	7,939.0	-842.3	—
+ Repayment of Borrowings	0.0	0.0	0.0	2,050.0	—
+ Payment of Lease Liabilities	71.2	101.1	65.6	66.3	—
+ Dividends Paid	212.9	362.6	287.1	217.0	—
+ Income Taxes (Paid) / Refund — Financing	0.0	0.0	0.7	0.0	—
Cash from Financing Activities	7,823.6	8,401.2	4,686.5	-1,172.4	—
Net Changes in Cash (pre-FX)	231.6	1,492.3	55.5	-433.9	—
Net Changes in Cash	231.6	1,492.3	55.5	-433.9	—
Closing Cash	989.8	2,482.0	2,537.5	2,103.7	—
Reference Items
EBITDA	4,223.0	5,508.7	5,341.0	5,313.0	5,859.0
EBITDA Margin %	30.90	32.46	29.55	26.70	28.94
Free Cash Flow (CFO − Capex)	-6,763.9	-5,526.0	-2,196.2	459.4	459.4
Free Cash Flow to Equity	—	3,255.5	2,859.3	-423.5	—
Free Cash Flow per Basic Share	-71.08	-58.07	-23.08	4.83	4.83
Price to Free Cash Flow	—	—	—	—	111.86
Cash Flow to Net Income	-2.95	-2.26	-1.12	0.23	—
Cash Paid for Taxes	764.4	935.9	750.0	771.8	—
Cash Paid for Interest	1,584.0	2,604.2	3,156.9	3,062.2	—

As filed, sign as filed: a payment tagged as a positive magnitude in the filing stays positive here, so read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown — depth follows the filer, so a thin statement means a thin filing. Total Adjustments is the filer's own grand total of the reconciliation and spans BOTH the non-cash items and the working-capital block; Profit Before Tax plus it equals Cash from Operations (pre-tax). It can be reported when its components are not, so it is never a sum of the rows above it. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.