SBI Card shares climbed 2.9% on the NSE, trading near ₹183 after the earnings release.
Total income ticked up 3% YoY to ₹5,302 crore, up from ₹5,136 crore in Q2 FY26. Revenue from operations rose 4% to ₹5,141 crore, while interest income edged 1% to ₹2,511 crore and fees & other income grew 6% to ₹2,630 crore.
Net profit after tax leapt 75% to ₹778 crore, up from ₹445 crore a year earlier. Profit before tax jumped 74% to ₹1,046 crore, and impairment losses fell 37% to ₹819 crore, easing pressure on the bottom line.
Non‑performing assets dropped to 1.90% of gross advances, down from 2.85% in the prior quarter, and the capital adequacy ratio rose to 26.5% from 22.5%. Tier‑I capital improved to 21.2%, reflecting a stronger balance sheet.
Cards‑in‑force grew 8% YoY to 2.32 crore, with 11.06 lakh new accounts added. Credit card spend increased 3% to ₹1,10,689 crore, lifting the company’s spend market share to 18.2%.
Market participants anticipate the third quarter to mirror current growth, with credit spend projected to rise 3% and net profit likely to climb roughly 70% YoY.