SBI Cards and Payment Services Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported a Profit After Tax (PAT) of ₹557 Crore for Q3 FY26, marking a significant 45% year-on-year (YoY) increase and a 25% quarter-on-quarter (QoQ) rise. This robust profitability was driven by strong growth in spends and improved credit costs. Revenue from operations stood at ₹5,127 Crore for Q3 FY26, up 11% YoY and 3% QoQ. The company saw a substantial increase in its business volumes, with Retail Spends growing by 8% YoY to ₹91,962 Crore and Corporate Spends increasing by 14% YoY to ₹57,213 Crore. Cards-in-force grew by 8% YoY to 2.18 Crore, and Receivables increased by approximately 4% YoY. The company's asset quality remained strong, with Gross Non-Performing Assets (GNPA) at 2.86% and Net Non-Performing Assets (NNPA) at 1.28%. The Credit Cost declined to 8.3% in Q3 FY26 from 9.0% in the previous quarter, attributed to lower write-offs. Key Highlights for Q3 FY26 included a 26% YoY increase in New Accounts to 48.64 lacs, a 45% YoY growth in PAT to ₹557 Crore, and a 33% YoY increase in Receivables to ₹114,702 Crore. The Cost to Income ratio improved to 56.8%, and ROAA stood at 3.2%.
