SBI Cards Q2 FY27 results: total income Rs 5,301.67 cr, PAT up 74.8%
SBI Cards’ standalone Q2 FY27 total income rose to Rs 5,301.67 cr and profit after tax to Rs 777.60 cr from Rs 5,136.48 cr and Rs 444.77 cr a year earlier.
Key takeaways
- Total income Rs 5,301.67 cr in Q2 FY27 vs Rs 5,136.48 cr in Q2 FY26.
- Revenue from operations Rs 5,140.53 cr vs Rs 4,960.98 cr a year earlier.
- Total expenses Rs 4,255.95 cr vs Rs 4,536.71 cr in the prior-year quarter.
- PAT Rs 777.60 cr in Q2 FY27 vs Rs 444.77 cr in Q2 FY26.
- Basic and diluted EPS Rs 8.17 vs Rs 4.67 in the corresponding quarter.
Q2 FY27 · standalone
| Metric | Sep 2026 | Sep 2025 | Change |
|---|---|---|---|
| Revenue | Rs 5,140.53 cr | Rs 4,960.98 cr | +3.6% |
| PAT | Rs 777.60 cr | Rs 444.77 cr | +74.8% |
| EPS | Rs 8.17 | Rs 4.67 | +75.0% |
As reported in the filing. Figures are transcribed, not computed.
What the numbers show
- Net margin was 15.13% of revenue, up 616 bps from 8.97%.
- Revenue rose 3.6% while total expenses fell 6.2%.
• Basis: Standalone statement of unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27), compared with the quarter ended September 30, 2025, as per the statement of financial results on the “Quarter ended” columns.
• Revenue from operations: Rs 5,140.53 cr in Q2 FY27 vs Rs 4,960.98 cr in Q2 FY26.
• Total income (1+2): Rs 5,301.67 cr in Q2 FY27 vs Rs 5,136.48 cr in Q2 FY26.
• Finance costs: Rs 787.27 cr in Q2 FY27 vs Rs 760.07 cr in Q2 FY26.
• Fees and commission expenses: Rs 334.23 cr in Q2 FY27 vs Rs 269.28 cr in Q2 FY26.
• Impairment on financial instruments: Rs 819.37 cr in Q2 FY27 vs Rs 1,292.72 cr in Q2 FY26.
• Employee benefits expenses: Rs 180.68 cr in Q2 FY27 vs Rs 157.62 cr in Q2 FY26.
• Depreciation, amortisation and impairment: Rs 32.54 cr in Q2 FY27 vs Rs 35.01 cr in Q2 FY26.
• Operating and other expenses: Rs 2,101.86 cr in Q2 FY27 vs Rs 2,022.01 cr in Q2 FY26.
• Total expenses: Rs 4,255.95 cr in Q2 FY27 vs Rs 4,536.71 cr in Q2 FY26.
• Profit before tax (3-4): Rs 1,045.72 cr in Q2 FY27 vs Rs 599.77 cr in Q2 FY26.
• Tax expense (total): Rs 268.12 cr in Q2 FY27 vs Rs 155.00 cr in Q2 FY26.
• Profit after tax (5-6): Rs 777.60 cr in Q2 FY27 vs Rs 444.77 cr in Q2 FY26.
• Basic EPS (not annualised, face value Rs 10 each): Rs 8.17 in Q2 FY27 vs Rs 4.67 in Q2 FY26.
• Diluted EPS (not annualised): Rs 8.17 in Q2 FY27 vs Rs 4.67 in Q2 FY26.
In the quarter ended September 30, 2026, SBI Cards’ standalone total income, as per the statement of financial results, increased to Rs 5,301.67 cr from Rs 5,136.48 cr in the corresponding quarter of the previous year. Revenue from operations rose to Rs 5,140.53 cr from Rs 4,960.98 cr over the same period.
On the cost side, finance costs moved to Rs 787.27 cr from Rs 760.07 cr, while fees and commission expenses increased to Rs 334.23 cr from Rs 269.28 cr. Impairment on financial instruments declined to Rs 819.37 cr from Rs 1,292.72 cr. Employee benefits expenses rose to Rs 180.68 cr from Rs 157.62 cr, and operating and other expenses were Rs 2,101.86 cr compared with Rs 2,022.01 cr a year earlier. Total expenses for the quarter were Rs 4,255.95 cr versus Rs 4,536.71 cr in the corresponding prior period.
Profit before tax for Q2 FY27, as reported in the statement of financial results, was Rs 1,045.72 cr against Rs 599.77 cr in Q2 FY26. After total tax expense of Rs 268.12 cr (vs Rs 155.00 cr a year ago), profit after tax rose to Rs 777.60 cr from Rs 444.77 cr. Basic and diluted earnings per share (not annualised, face value Rs 10 each) increased to Rs 8.17 from Rs 4.67 in the same quarter of the previous year.
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