SBI Cards and Payment Services quarterly results

Q2 FY27 · Jul–Sep 2026

₹ crore	Q2 FY27	Q2 FY26	Change
Revenue	5,141	4,961	+3.6%
EBITDA	1,704	1,219	+39.8%
EBITDA margin	33.2%	24.6%	+8.6 pts
Profit before tax	1,046	600	+74.4%
Net profit	778	445	+74.8%
EPS	₹8.17	₹4.67	+74.9%

Every quarter

₹ crore except per share

Tap a line for its trend	Q2 FY27Sep 2026	Q1 FY27Jun 2026	Q4 FY26Mar 2026	Q3 FY26Dec 2025	Q2 FY26Sep 2025	Q1 FY26Jun 2025	Q4 FY25Mar 2025	Q3 FY25Dec 2024	Q2 FY25Sep 2024	Q1 FY25Jun 2024	Q4 FY24Mar 2024	Q3 FY24Dec 2023	Earlier quartersAlpha Plus

Expenses
	5,141	5,041	4,935	5,127	4,961	4,877	4,674	4,619	4,421	4,359	4,348	4,622	Earlier quartersEvery year the company has filed comes with Alpha Plus.
	161	165	253	226	176	158	158	148	135	124	127	120
	5,302	5,205	5,187	5,353	5,136	5,035	4,832	4,767	4,556	4,483	4,475	4,742
	181	207	158	184	158	161	154	152	149	134	132	144
	787	745	714	785	760	813	795	829	788	767	724	695
	32.5	30.5	32.3	33.9	35.0	35.0	−1.7	48.8	50.4	49.4	51.6	50.8
	2,102	1,986	1,961	2,032	2,022	1,739	1,725	1,763	1,664	1,486	1,478	1,679
	4,256	4,312	4,371	4,604	4,537	4,287	4,113	4,249	4,011	3,683	3,586	4,004
	1,704	1,503	1,309	1,342	1,219	1,438	1,354	1,247	1,248	1,491	1,537	1,364
	1,672	1,473	1,277	1,308	1,184	1,403	1,356	1,198	1,198	1,442	1,485	1,313
Profit
	1,046	893	816	749	600	748	719	518	545	799	888	738
	1,046	893	816	749	600	748	719	518	545	799	888	738
	279	246	171	192	178	210	165	160	201	227	245	244
	−10.8	−17.8	35.4	0.2	−23.0	−18.0	19.3	−26.1	−59.8	−22.4	−19.7	−55.0
	268	229	207	192	155	192	184	134	141	205	226	189
	778	664	609	557	445	556	534	383	404	594	662	549
	778	664	609	557	445	556	534	383	404	594	662	549
	1.5	0.9	6.9	1.6	1.7	−2.3	2.8	1.1	0.8	−2.3	0.5	1.2
	779	665	616	558	446	554	537	384	405	592	663	550
Per share
	₹8.17	₹6.98	₹6.40	₹5.85	₹4.67	₹5.84	₹5.62	₹4.03	₹4.25	₹6.25	₹6.97	₹5.78
	₹8.17	₹6.98	₹6.40	₹5.85	₹4.67	₹5.84	₹5.61	₹4.03	₹4.25	₹6.25	₹6.96	₹5.78
Revenue detail — as filed
	7.4	9.7	6.0	20.5	20.5	26.0	27.1	32.8	33.7	—	38.1	44.5
	2,434	2,406	2,343	2,367	2,265	2,191	2,093	2,025	1,957	—	2,000	2,293
	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.1	—	0.0	0.0
	188	205	—	—	—	—	—	—	—	—	—	—
Expense detail — as filed
	334	397	409	347	269	187	195	144	148	—	257	552
	819	948	1,097	1,222	1,293	1,352	1,245	1,313	1,212	—	944	883
Other comprehensive income — detail
	1.5	0.9	6.9	1.6	1.7	−2.3	2.8	1.1	0.8	—	0.5	1.2
	3.0	1.2	6.9	2.1	2.2	−3.0	3.8	1.5	1.0	−3.0	0.7	1.2
	0.8	0.3	0.0	0.5	0.6	−0.8	1.0	—	—	—	—	—
	—	—	—	—	—	—	—	0.4	0.3	−0.8	0.2	0.3
	−1.0	—	—	—	—	—	0.0	0.0	—	—	0.0	0.4
	−0.2	0.0	0.0	0.0	—	0.0	0.0	—	—	—	—	—
	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0	0.1
Per share — as-filed variants
	₹8.17	₹6.98	₹6.40	₹5.85	₹4.67	₹5.84	₹5.62	₹4.03	₹4.25	₹6.25	₹6.97	₹5.78
	₹8.17	₹6.98	₹6.40	₹5.85	₹4.67	₹5.84	₹5.61	₹4.03	₹4.25	₹6.25	₹6.96	₹5.78
Regulatory disclosures — filed alongside, not part of the P&L
	88,441	—	71,379	—	78,958	—	62,905	—	—	—	—	—
Adjusted (ex-exceptional items) — derived
	1,046	893	816	749	600	748	719	518	545	799	888	738
	778	664	609	557	445	556	534	383	404	594	662	549
	₹8.17	₹6.98	₹6.40	₹5.85	₹4.67	₹5.84	₹5.62	₹4.03	₹4.25	₹6.25	₹6.97	₹5.78

Open the chart

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

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

View

In ₹ Crore except Per Share 3 Months Ending	Q3 FY24 31/12/2023	Q4 FY24 31/03/2024	Q1 FY25 30/06/2024	Q2 FY25 30/09/2024	Q3 FY25 31/12/2024	Q4 FY25 31/03/2025	Q1 FY26 30/06/2025	Q2 FY26 30/09/2025	Q3 FY26 31/12/2025	Q4 FY26 31/03/2026	Q1 FY27 30/06/2026	Q2 FY27 30/09/2026
Revenue from Operations	4,621.7	4,347.7	4,358.6	4,421.0	4,618.7	4,674.0	4,876.9	4,961.0	5,127.3	4,934.5	5,040.6	5,140.5
Other Income	119.9	126.9	124.0	134.8	147.9	157.8	158.5	175.5	226.2	252.5	164.8	161.1
Total Income	4,741.6	4,474.6	4,482.6	4,555.8	4,766.6	4,831.7	5,035.4	5,136.5	5,353.4	5,187.0	5,205.4	5,301.7
Expenses
+ Employee Benefit Expense	144.4	132.2	134.1	148.8	152.3	154.3	161.4	157.6	184.4	157.6	206.8	180.7
+ Finance Costs	695.5	723.8	766.8	787.7	828.6	795.3	812.8	760.1	785.1	713.6	744.5	787.3
+ Depreciation & Amortisation	50.8	51.6	49.4	50.4	48.8	-1.7	35.0	35.0	33.9	32.3	30.5	32.5
+ Other Expenses	1,678.8	1,477.7	1,485.7	1,663.9	1,762.5	1,725.1	1,738.7	2,022.0	2,032.2	1,961.3	1,985.8	2,101.9
Total Expenses	4,004.0	3,586.4	3,683.4	4,010.6	4,248.9	4,113.2	4,287.0	4,536.7	4,604.3	4,371.1	4,312.2	4,256.0
EBITDA	1,364.0	1,536.8	1,491.4	1,248.5	1,247.2	1,354.3	1,437.7	1,219.4	1,341.9	1,309.3	1,503.4	1,704.4
EBIT	1,313.2	1,485.1	1,442.0	1,198.1	1,198.4	1,356.0	1,402.7	1,184.3	1,308.0	1,277.0	1,472.9	1,671.9
Profit
PBT before Exceptional Items	737.6	888.2	799.2	545.2	517.6	718.5	748.4	599.8	749.1	815.9	893.1	1,045.7
Pretax Income	737.6	888.2	799.2	545.2	517.6	718.5	748.4	599.8	749.1	815.9	893.1	1,045.7
+ Current Tax	243.5	245.5	227.1	200.6	160.5	165.1	210.4	178.0	192.3	171.2	246.5	278.9
+ Deferred Tax	-55.0	-19.7	-22.4	-59.8	-26.1	19.3	-18.0	-23.0	0.2	35.4	-17.8	-10.8
Tax Expense	188.5	225.8	204.7	140.8	134.4	184.4	192.4	155.0	192.5	206.6	228.7	268.1
Net Income	549.1	662.4	594.4	404.4	383.2	534.2	556.0	444.8	556.6	609.3	664.4	777.6
+ Net Income — Continuing Ops	549.1	662.4	594.4	404.4	383.2	534.2	556.0	444.8	556.6	609.3	664.4	777.6
+ Other Comprehensive Income	1.2	0.5	-2.3	0.8	1.1	2.8	-2.3	1.7	1.6	6.9	0.9	1.5
Total Comprehensive Income	550.3	662.9	592.2	405.2	384.3	537.0	553.7	446.4	558.2	616.2	665.3	779.1
Per Share
Basic EPS	5.78	6.97	6.25	4.25	4.03	5.62	5.84	4.67	5.85	6.40	6.98	8.17
Diluted EPS	5.78	6.96	6.25	4.25	4.03	5.61	5.84	4.67	5.85	6.40	6.98	8.17
Revenue Detail — as filed
+ Sale of Services	44.5	38.1	—	33.7	32.8	27.1	26.0	20.5	20.5	6.0	9.7	7.4
+ Fees & Commission Income	2,292.9	1,999.7	—	1,957.3	2,024.9	2,092.8	2,191.2	2,265.4	2,366.7	2,343.0	2,405.5	2,434.0
+ Net Loss on Fair Value Changes	0.0	0.0	—	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
+ Other Operating Revenue	—	—	—	—	—	—	—	—	—	—	204.7	188.1
Expense Detail — as filed
+ Fees & Commission Expense	551.7	256.7	—	147.7	143.6	195.2	187.5	269.3	346.7	409.4	396.9	334.2
+ Impairment on Financial Instruments	882.9	944.4	—	1,212.0	1,313.1	1,245.1	1,351.6	1,292.7	1,222.2	1,096.8	947.7	819.4
Other Comprehensive Income — detail
+ Other Comprehensive Income	1.2	0.5	—	0.8	1.1	2.8	-2.3	1.7	1.6	6.9	0.9	1.5
+ Items NOT to be Reclassified to P&L	1.2	0.7	-3.0	1.0	1.5	3.8	-3.0	2.2	2.1	6.9	1.2	3.0
+ Tax on Items NOT to be Reclassified	—	—	—	—	—	1.0	-0.8	0.6	0.5	0.0	0.3	0.8
+ Tax on Items NOT to be Reclassified — alt tag	0.3	0.2	-0.8	0.3	0.4	—	—	—	—	—	—	—
+ Items to be Reclassified to P&L	0.4	0.0	—	—	0.0	0.0	—	—	—	—	—	-1.0
+ Tax on Items to be Reclassified	—	—	—	—	—	0.0	0.0	—	0.0	0.0	0.0	-0.2
+ Tax on Items to be Reclassified — alt tag	0.1	0.0	0.0	0.0	0.0	—	—	—	—	—	—	—
Per Share — as-filed variants
Basic EPS — Continuing Operations	5.78	6.97	6.25	4.25	4.03	5.62	5.84	4.67	5.85	6.40	6.98	8.17
Diluted EPS — Continuing Operations	5.78	6.96	6.25	4.25	4.03	5.61	5.84	4.67	5.85	6.40	6.98	8.17
Regulatory Disclosures — filed alongside, not part of the P&L
Related-party Transactions — During the Period	—	—	—	—	—	62,905.5	—	78,957.5	—	71,378.5	—	88,441.1
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	737.6	888.2	799.2	545.2	517.6	718.5	748.4	599.8	749.1	815.9	893.1	1,045.7
Net Income Adj (tax-effected)	549.1	662.4	594.4	404.4	383.2	534.2	556.0	444.8	556.6	609.3	664.4	777.6
EPS Adj	5.78	6.97	6.25	4.25	4.03	5.62	5.84	4.67	5.85	6.40	6.98	8.17
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Filed Debt Equity	3.00	3.00	3.00	3.00	3.00	3.24	3.20	3.31	3.00	2.79	2.87	2.77
Interest Earned	2,082.5	2,138.7	—	2,289.7	2,399.1	2,415.2	2,493.2	2,489.9	2,536.4	2,381.8	2,420.6	2,511.0
Paid Up Equity Capital	950.8	951.0	951.1	951.3	951.4	951.4	951.5	951.6	951.6	951.6	951.6	951.6

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

« ‹ › »Latest: Q2 FY27 · StandaloneFA Financial Analysis · alphave

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%.

SBI Card Q2 FY27 results (July–September 2026)

Filed with NSE on Friday, 23 October 2026 at 2:37 pm IST

SBI Cards and Payment Services (NSE: SBICARD) reported its Q2 FY27 results (July–September 2026) on Friday, 23 October 2026 at 2:37 pm IST. Consolidated net profit was ₹778 crore, up 74.8% from ₹445 crore in Q2 FY26 and up 17.0% from ₹664 crore in Q1 FY27. Revenue from operations was ₹5,141 crore, up 3.6% year on year and up 2.0% from the previous quarter.

Q2 FY26 results (a year earlier): 24 October 2025
Q3 FY27 results due by: 14 February 2027

Q2 FY27 at a glance · consolidated

Net profit: ₹778 Cr+74.8% vs Q2 FY26+17.0% vs Q1 FY27
Revenue from operations: ₹5,141 Cr+3.6% vs Q2 FY26+2.0% vs Q1 FY27
Operating margin (EBIT): 32.5%+8.6 pts vs Q2 FY26+3.3 pts vs Q1 FY27EBIT ₹1,672 Cr
EBITDA: ₹1,704 Cr+39.8% vs Q2 FY26+13.4% vs Q1 FY27margin 33.2%
Earnings per share (basic): ₹8.17+74.9% vs Q2 FY26+17.0% vs Q1 FY27
Net profit margin: 15.1%+6.2 pts vs Q2 FY26+1.9 pts vs Q1 FY27

Questions

What was SBI Card's net profit in Q2 FY27?

Consolidated net profit was ₹778 crore, up 74.8% from ₹445 crore in Q2 FY26 and up 17.0% from ₹664 crore in Q1 FY27.

What was SBI Card's revenue in Q2 FY27?

Revenue from operations was ₹5,141 crore, up 3.6% year on year and up 2.0% from the previous quarter.

What was SBI Card's EPS in Q2 FY27?

Basic earnings per share were ₹8.17, against ₹4.67 in Q2 FY26.

How were SBI Card's Q2 FY27 results?

Both grew from a year earlier: net profit was up 74.8% at ₹778 crore and revenue was up 3.6% at ₹5,141 crore. The operating margin was 32.5%, up 8.6 percentage points from 23.9% a year earlier. Against Q1 FY27, net profit was up 17.0% and revenue up 2.0%.

What was SBI Card's net profit in the first half of FY27?

Consolidated net profit for the first half of FY27 (April–September 2026) was ₹1,442 crore, up 44.1% from ₹1,001 crore in the same months a year earlier. Revenue from operations was ₹10,181 crore, up 3.5%.

What was SBI Card's net profit in FY26?

Consolidated net profit was ₹2,167 crore in FY26 (April 2025–March 2026), up 13.1% from ₹1,916 crore in FY25. It was ₹2,408 crore in FY24 and ₹2,258 crore in FY23: down 4.1% over three years, an average fall of 1.4% a year.

What was SBI Card's operating margin in Q2 FY27?

Operating profit (EBIT — revenue less operating expenses, before finance costs and other income) was ₹1,672 crore, a margin of 32.5%, against 29.2% in Q1 FY27 and 23.9% in Q2 FY26. EBITDA was ₹1,704 crore, 33.2% of revenue.

How has SBI Card's profit changed over the last four quarters?

Net profit by quarter: ₹557 crore in Q3 FY26, ₹609 crore in Q4 FY26, ₹664 crore in Q1 FY27 and ₹778 crore in Q2 FY27. That is ₹2,608 crore over the four quarters, up 36.0% from ₹1,918 crore in the four quarters before. Revenue from operations: ₹5,127 crore, ₹4,935 crore, ₹5,041 crore and ₹5,141 crore.

When will SBI Card announce its Q3 FY27 results?

Q3 FY27 covers October–December 2026. Listed companies must publish quarterly results within 45 days of the quarter's end (SEBI listing rules, Regulation 33), so the results are due by 14 February 2027. The company tells the exchanges the date of the board meeting at least two working days before it.

What is SBI Card's net profit margin?

SBI Card's net profit margin was 15.1% in Q2 FY27 (net profit as a share of revenue from operations), against 9.0% in Q2 FY26 (up 6.2 percentage points). For FY26 as a whole it was 10.9%.

What was SBI Card's revenue in FY26?

Revenue from operations was ₹19,900 crore in FY26 (April 2025–March 2026), up 10.1% from ₹18,072 crore in FY25. It was ₹16,968 crore in FY24 and ₹13,667 crore in FY23: up 45.6% over three years, 13.3% a year on average.

When did SBI Card announce its Q2 FY27 results?

On Friday, 23 October 2026 at 2:37 pm IST, in its results filing to the stock exchanges. A year earlier it reported Q2 FY26 on 24 October 2025.

Where do these SBI Card figures come from?

From SBI Cards and Payment Services' own consolidated results filings to NSE, in ₹ crore as filed (Q2 FY27 on 23 October 2026). Growth compares the same consolidated figures a year and a quarter earlier.

Consolidated figures from the company's filings to NSE. Every company's results dates this season are in the Q2 FY27 results calendar, part of Alpha Plus.