SBI Cards Q1FY27 Results: SBI Cards and Payment Services Ltd. reported a higher standalone net profit for the June quarter (Q1FY27), with earnings rising 18.6 per cent year-on-year to Rs 664 crore from Rs 560 crore in the corresponding quarter last year.
The credit card issuer announced its results after market hours on Thursday.
The improvement in profitability comes after the company ended FY26 with a standalone net profit of Rs 2,167 crore, up 13 per cent from Rs 1,916 crore reported in FY25.
Profit grows year-on-year
For the quarter ended June 30, 2026, SBI Cards reported a standalone net profit of Rs 664 crore, compared with Rs 560 crore in the year-ago period.
The increase translates into a year-on-year growth of nearly 19 per cent, indicating a stronger start to the new financial year.
FY26 ended on a positive note
The June-quarter performance follows a year of steady earnings growth for the company.
For FY26, SBI Cards reported a standalone net profit of Rs 2,167 crore, registering a 13 per cent increase over Rs 1,916 crore posted in FY25.
The company has continued to focus on expanding its credit card business while maintaining profitability amid changing consumer spending trends and evolving credit conditions.
Stock in focus
Shares of SBI Cards and Payment Services Ltd. settled at Rs 618.20 on the NSE on Thursday, down 0.62 per cent, ahead of the earnings announcement.