SBI Cards and Payment Services Limited — quarter and year ended March 31, 2026
| Particulars | For the quarter ended March 31, 2026 (Audited) | December 31, 2025 (Unaudited) | March 31, 2025 (Audited) | For the year ended March 31, 2026 (Audited) | March 31, 2025 (Audited) |
|---|---|---|---|---|---|
| 1. Revenue from operations | |||||
| (i) Interest income | 2,381.76 | 2,536.38 | 2,415.16 | 9,901.13 | 9,347.31 |
| (ii) Fees and commission income | 2,342.98 | 2,366.70 | 2,092.80 | 9,166.23 | 8,002.89 |
| (iii) Sale of services | 6.04 | 20.52 | 27.13 | 73.00 | 126.46 |
| (iv) Business development incentive income | 203.17 | 201.69 | 138.07 | 756.67 | 592.34 |
| (v) Insurance commission income | 0.55 | 1.97 | 0.79 | 2.60 | 3.22 |
| Total revenue from operations | 4,934.50 | 5,127.26 | 4,673.95 | 19,899.63 | 18,072.22 |
| 2. Other income | 252.54 | 226.16 | 157.79 | 807.99 | 564.93 |
| 3. Total income (1+2) | 5,187.04 | 5,353.42 | 4,831.74 | 20,707.62 | 18,637.15 |
| 4. Expenses | |||||
| (i) Finance costs | 713.62 | 785.07 | 795.26 | 3,071.58 | 3,178.40 |
| (ii) Fees and commission expenses | 409.44 | 346.65 | 195.20 | 1,212.86 | 633.24 |
| (iii) Impairment on financial instruments | 1,096.82 | 1,222.16 | 1,245.12 | 4,962.39 | 4,871.51 |
| (iv) Employee benefits expenses | 157.61 | 184.35 | 154.25 | 661.01 | 589.56 |
| (v) Depreciation, amortisation and impairment | 32.32 | 33.88 | (1.69) | 136.25 | 146.82 |
| (vi) Operating and other expenses | 1,961.32 | 2,032.20 | 1,725.07 | 7,750.34 | 6,636.94 |
| Total expenses | 4,371.13 | 4,604.31 | 4,113.21 | 17,794.43 | 16,056.47 |
| 5. Profit before tax for the period/year (3-4) | 815.91 | 749.11 | 718.53 | 2,913.19 | 2,580.68 |
| 6. Tax expense: | |||||
| – Current tax charge / (credit) | 171.19 | 216.23 | 165.10 | 775.75 | 709.15 |
| – Previous year charge / (credit) | – | (23.92) | – | (23.92) | 44.10 |
| – Deferred tax charge / (credit) | 35.42 | 0.16 | 19.25 | (5.35) | (88.98) |
| Total tax expenses | 206.61 | 192.47 | 184.35 | 746.48 | 664.27 |
| 7. Profit after tax for the period/year (5-6) | 609.30 | 556.64 | 534.18 | 2,166.71 | 1,916.41 |
| 8. Other comprehensive income | |||||
| Items that will not be reclassified to profit or loss: | |||||
| – Remeasurements of the defined benefit liabilities / (asset) | 4.47 | 2.11 | (0.12) | 5.77 | (0.66) |
| – Tax impact on above | (1.13) | (0.52) | 0.03 | (1.45) | 0.17 |
| – Gain/(loss) on equity investment through OCI | 4.12 | – | 3.88 | 4.12 | 3.88 |
| – Tax impact on above | (0.59) | – | (0.98) | (0.59) | (0.98) |
| Other comprehensive income | 6.87 | 1.59 | 2.81 | 7.85 | 2.41 |
| 9. Total comprehensive income for the period/year (7+8) | 616.17 | 558.23 | 536.99 | 2,174.56 | 1,918.82 |
| 10. Paid up equity share capital | |||||
| (i) Equity share capital | 951.60 | 951.58 | 951.36 | 951.60 | 951.36 |
| (ii) Other equity | 14,773.90 | – | 12,830.36 | 14,773.90 | 12,830.36 |
| 11. Earnings per equity share (not annualised for quarters): (Face value of ₹10/- each) (previous year of ₹10/- each) | |||||
| (i) Basic (₹) | 6.40 | 5.85 | 5.62 | 22.77 | 20.15 |
| (ii) Diluted (₹) | 6.40 | 5.85 | 5.61 | 22.77 | 20.14 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| 1 Financial assets | ||
| (a) Cash and cash equivalents | 2,103.67 | 2,537.53 |
| (b) Bank balance other than cash and cash equivalents | 216.11 | 200.66 |
| (c) Trade receivables | 283.10 | 235.50 |
| (d) Loans | 54,984.36 | 53,934.62 |
| (e) Investments | 6,373.73 | 6,235.10 |
| (f) Other financial assets | 314.46 | 278.35 |
| Total financial assets | 64,275.43 | 63,421.76 |
| 2 Non-financial assets | ||
| (a) Current tax assets | 26.94 | 7.00 |
| (b) Deferred tax assets (net) | 446.09 | 442.78 |
| (c) Property plant and equipments | 33.30 | 47.55 |
| (d) Capital work in progress | 0.02 | 0.15 |
| (e) Intangible assets under development | 12.09 | 9.99 |
| (f) Intangible assets | 61.05 | 93.37 |
| (g) Right-of-use assets | 124.66 | 179.20 |
| (h) Other non-financial assets | 1,348.21 | 1,344.00 |
| Total non-financial assets | 2,052.36 | 2,124.04 |
| Total assets (1+2) | 66,327.79 | 65,545.80 |
| LIABILITIES AND EQUITY | ||
| Liabilities | ||
| 1 Financial liabilities | ||
| (a) Payables | ||
| (i) Trade payables | ||
| – (i) total outstanding dues of micro enterprises and small enterprises | 202.32 | 136.35 |
| – (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 1,512.07 | 1,456.56 |
| (ii) Other payables | ||
| – (i) total outstanding dues of micro enterprises and small enterprises | – | – |
| – (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 6.50 | 11.78 |
| (b) Debt securities | 2,957.59 | 2,998.39 |
| (c) Borrowings (other than debt securities) | 37,620.54 | 38,463.31 |
| (d) Subordinated liabilities | 3,485.60 | 3,484.91 |
| (e) Other financial liabilities | 2,843.76 | 3,368.98 |
| Total financial liabilities | 48,628.38 | 49,920.28 |
| 2 Non-financial liabilities | ||
| (a) Provisions | 808.01 | 676.70 |
| (b) Other non-financial liabilities | 1,165.90 | 1,167.10 |
| Total non-financial liabilities | 1,973.91 | 1,843.80 |
| Total liabilities (1+2) | 50,602.29 | 51,764.08 |
| 3 Equity | ||
| (a) Equity share capital | 951.60 | 951.36 |
| (b) Other equity | 14,773.90 | 12,830.36 |
| Total equity | 15,725.50 | 13,781.72 |
| Total liabilities and equity (1+2+3) | 66,327.79 | 65,545.80 |
| Particulars | For the year ended March 31, 2026 | For the year ended March 31, 2025 |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax for the year | 2,913.19 | 2,580.68 |
| Adjustments for : | ||
| – Depreciation and amortisation | 136.25 | 146.82 |
| – Liabilities written back | (109.33) | (0.68) |
| – Impairment losses & bad debts | 4,962.39 | 4,871.51 |
| – Other interest income | (415.13) | (276.88) |
| – Share based payments | 3.83 | 10.74 |
| – Finance cost | 3,071.58 | 3,178.40 |
| – Unrealised foreign exchange (Gain)/loss (net) | 1.22 | (1.86) |
| – Loss/ (Profit) on sale of property, plant & equipment | (0.08) | – |
| – Profit on sale on investments | (1.67) | – |
| – Interest income on loans | 8,719.80 | 8,168.56 |
| Operating profit before working capital changes | 19,282.05 | 18,677.29 |
| Adjustment for changes in working capital | ||
| Adjustments for (increase) / decrease in operating assets: | ||
| – Bank balance other than cash & cash equivalents | (15.45) | 46.91 |
| – Trade receivables | (47.61) | 7.61 |
| – Other financial assets | (31.58) | 51.61 |
| – Other non financial assets | (4.22) | (2.71) |
| – Loans | (5,902.80) | (9,726.50) |
| – Interest income on loans | (8,719.80) | (8,168.56) |
| Adjustments for increase / (decrease) in operating liabilities: | ||
| – Other financial liabilities | (473.32) | 695.44 |
| – Other non financial liabilities | (21.96) | 60.08 |
| – Provisions | 140.36 | 40.41 |
| – Trade payables | 121.31 | 84.90 |
| Cash from/ (used) in operations before taxes and finance cost | 4,326.98 | 1,766.48 |
| Finance Cost Paid | (3,062.18) | (3,156.90) |
| Cash from/ (used) in operations before taxes | 1,264.80 | (1,390.42) |
| – Direct taxes paid (net of refunds) | (771.77) | (750.04) |
| Net cash generated/ (used) in operating activities (A) | 493.03 | (2,140.46) |
| B. Cash flow from investing activities | ||
| Purchase of property, plant and equipment, capital work-in-progress, intangible assets and intangible assets under development | (33.64) | (55.76) |
| Proceeds from sale of property, plant and equipment and intangible assets | 0.09 | 0.38 |
| Purchase of investments | (5,109.71) | (4,774.94) |
| Proceeds from sale of investments | 4,734.29 | 2,081.04 |
| Cash inflow from interest income | 654.44 | 258.71 |
| Net cash used in investing activities (B) | 245.47 | (2,490.57) |
| C. Cash flow from financing activities | ||
| Proceeds from issue of share capital (including security premium) | 3.25 | 5.84 |
| Proceeds from issue of debt securities | 2,000.00 | – |
| Repayment of debt securities | (2,050.00) | (2,905.00) |
| Net proceeds from borrowings (other than debt securities) | (842.27) | 6,439.01 |
| Proceeds from subordinated liabilities | – | 1,500.00 |
| Interim dividend paid | (217.01) | (287.11) |
| Payment of lease liabilities | (66.33) | (65.56) |
| Interest paid on delayed tax payments | – | (0.67) |
| Net cash (used in) / generated from financing activities (C) | (1,172.36) | 4,686.51 |
| D. Net increase / (decrease) in cash and cash equivalents (A+B+C) | (433.86) | 55.48 |
| Cash and cash equivalents at the beginning of the year* | 2,537.53 | 2,482.05 |
| Cash and cash equivalents as at the end of the year* | 2,103.67 | 2,537.53 |
| Particulars | For the quarter ended March 31, 2026 | For the year ended March 31, 2026 |
|---|---|---|
| (a) Debt Equity Ratio : (Total outstanding debt over Net worth) | 2.79 | 2.79 |
| (b) Outstanding redeemable preference shares (quantity and value) | Nil | Nil |
| (c) Capital redemption reserve | 3.40 (Crores) | 3.40 (Crores) |
| (d) Net worth | 16,797.01 (Crores) | 15,797.01 (Crores) |
| (e) Net profit after tax | 609.30 (Crores) | 2,166.71 (Crores) |
| (f) Earnings Per Share (not annualised for quarters) (Face value of ₹ 10/- each) – Basic | 6.40 | 22.77 |
| (f) Earnings Per Share (not annualised for quarters) (Face value of ₹ 10/- each) – Diluted | 6.40 | 22.77 |
| (g) Total Debts to Total Assets | 0.66 | 0.66 |
| (h) Net Profit Margin (%) (Profit after tax over Total Income) | 11.75% | 10.46% |
| (i) Capital Adequacy Ratio | 25.47% | 25.47% |
| (i) Gross Non Performing Asset [Stage 3 asset] Ratio | 2.41% | 2.41% |
| (iii) Net Non Performing Asset [Stage 3 asset] Ratio | 1.04% | 1.04% |
| (iv) Provision Coverage Ratio | 57.58% | 57.58% |
| (j) There was no deviation in the use of the proceeds of the issue of Non Convertible Debt Securities |