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SBI Cards share price & results

SBI Cards· Financial Services

Results to
Sept 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's second-largest credit card issuer and largest pure-play credit card company, majority-owned by SBI.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue5,141 ₹ crore+3.6% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating marginUnavailable—Operating profit / revenueQuarter to Sept 2026Not in the filed figures for the quarter to sept 2026. No older figure is substituted.
Net profit778 ₹ crore+74.8% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity15.19 %−0.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow marginUnavailable—Fiscal yearFY ending Mar 2026Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)5.81 %+3.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

4 of 5 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

SBI Cards management guidance track record on Inve: 13 targets tracked across analysed earnings calls (4 achieved, 1 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
ROA4% to 4.5% of ROA in the medium term
Call transcript, Q4 FY26 · 27 Apr 2026		Q4 FY26Q1 FY27:ROA improved to 3.9%. Management states this puts them 'on track to achieve our stated ROA guidance'.
Call transcript, Q1 FY27 · 24 Jul 2026		On Track
Cost-to-Income Ratio55% to 57% for FY26
Call transcript, Q4 FY25 · 24 Apr 2025		Q4 FY25Q4 FY26:Full year FY26 Cost-to-Income was 55.3%, within the guided range of 55-57%.
Call transcript, Q4 FY26 · 27 Apr 2026		Achieved
Receivable Growth12% to 14% for FY26
Call transcript, Q4 FY25 · 24 Apr 2025		Q4 FY25Q4 FY26:Final YoY receivables growth for FY26 was 2% (56,926 cr vs 55,840 cr). This is significantly below the original 12-14% and revised 10-12% guidance.
Call transcript, Q4 FY26 · 27 Apr 2026		Missed

Source: Inve Guidance Tracker for SBI Cards · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

1 of SBI Cards's 13 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 10 more targets are in the full ledger.

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Price

₹538.3 −1.33% · −₹7.25

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −42.1% 1Y

₹600₹700₹800₹900Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 28 Jan 2026Q4 FY26 — 27 Apr 2026Q1 FY27 — 24 Jul 2026

1Y: ₹928.95 on 24 Oct 2025 → ₹538.3. High ₹928.95 (24 Oct 2025), low ₹538.3 (26 Oct 2026).

Previous close
₹545.55
Market cap
₹50.3k Cr
52-week range
₹538.3 – ₹910.95
One year
−40.24%
Price to earnings (TTM to Sept 2026)
19.28×
Return on equity (TTM to Sept 2026)
15.19%

Overview

Symbol
NSE:SBICARD
Exchange
NSE
Currency
INR

What SBI Cards does

Based on the company's own presentations, annual report and earnings calls.

SBI Cards and Payment Services Limited issues and manages credit cards across super-premium, core and co-branded categories, partnering with banks (including State Bank of India, Bank of Maharashtra, UCO Bank and PSB) and retail, travel and fuel brands such as Flipkart, Tata Neu, IndiGo, BPCL and IRCTC. It earns primarily through interest income on revolving card balances, fees and commissions on cardholder spends, and business development incentive and insurance commission income. Cards are sourced both through SBI's banking network and through open-market/direct acquisition channels. The company is majority-owned by State Bank of India and positions itself as the largest pure-play (non-bank) credit card issuer in the country.

Cards-in-force
2.18 crore (~21.8 million) as of Dec 2025
Market position
India's 2nd-largest credit card issuer overall and the largest pure-play (non-bank) credit card company
Market share
18.6% in cards-in-force and 18.1% in spends (FY26, industry data)
Credit card product portfolio
~28 distinct card products across super-premium, core and co-branded categories
Co-brand partner brands
12+ brand partnerships spanning banking (Bank of Maharashtra, UCO Bank, PSB, Karnataka Bank), retail (Flipkart, Tata Neu, Titan, Paytm, PhonePe) and travel/fuel (IndiGo, IRCTC, BPCL, KrisFlyer)
Card sourcing channels
Cards sourced via SBI's bank/branch network and through open-market (direct) acquisition channels
Founded 1998Headquarters Gurugram, Haryana, India Company website

How the price took the results

close before → close after

Q1 FY27
−0.5%
24 Jul
Q4 FY26
+0.1%
27 Apr
Q3 FY26
+1.5%
28 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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