SBI Cards Q2 Profit Jumps 75% YoY to Rs 778 Crore as Bad Loan Costs Fall Sharply

SBI Cards Q2 profit jumps 75% YoY to Rs 778 crore as bad loan costs fall sharply

SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. However, corporate card spending declined, receivables contracted, and net interest margins narrowed.

SBI Cards and Payment Services reports a rise in ​second-quarter profit

The company has ⁠steadily tightened credit underwriting over the last few quarters to tackle asset quality stress and higher delinquencies ​in credit cards

SBI Card Q2 Results: Net Profit Surges 75% to ₹778 Crore, Revenue Up 3%

Noida, Oct 23 (APAC Media): SBI Card on Friday reported a 75 per cent year-on-year rise in consolidated net profit to Rs 778 crore for the second quarter of FY27, compared with Rs 445 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing. The company said its net profit increased […] The post SBI Card Q2 Results: Net Profit Surges 75% to ₹778 Crore, Revenue Up 3% first appeared on APAC Media | Latest News & …

SBI Cards Q2 Results: Profit Surges 75% To Rs 778 Crore, Revenue Up 3%; Beats Estimates

SBI Card's September-quarter profit rose sharply as lower impairment losses and bad-debt expenses offset higher operating costs, while total income grew 3% year-on-year to Rs 5,302 crore.