SBI Cards posted a 19.5% year-on-year rise in net profit to ₹664.4 crore for Q1 FY27, driven by reduced provisions and a 27% increase in card spends.
The growth was primarily driven by lower provisions for bad loans
Jul 25, 2026
12:08 pm
What's the storySBI Cards and Payment Services Ltd, India's leading pure-play credit card issuer, has reported a 19.5% year-on-year rise in net profit for the first quarter of FY27.
The company's net profit stood at ₹664.4 crore for the quarter ended June 30, compared to ₹556 crore in the same period last year.
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