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SBI Cards and Payment Services is set to announce its unaudited financial results for the second quarter (Q2) of fiscal year 2026 on Friday, October 24, 2025. The company’s Board of Directors will meet to consider and approve the results for the quarter and half-year ended September 30, 2025.

According to Zee Business research, SBI Card is expected to post a strong set of numbers in Q2FY26, led by higher spending volumes and improved asset quality. The company’s profit after tax (PAT) is estimated to rise 48 per cent year-on-year to around Rs 600 crore, compared to Rs 404 crore in the same period last year. Net interest income (NII) is likely to increase 14.5 per cent YoY to Rs 1,720 crore from Rs 1,502 crore.

The gross non-performing assets (GNPA) ratio is expected to improve slightly to 3 per cent from 3.1 per cent in the previous quarter, while net non-performing assets (NNPA) may decline to 1.3 per cent from 1.4 per cent sequentially. Improvement in provisions and cost of funds is likely to support profitability during the quarter.

Research anticipates healthy card sourcing and higher spending volumes, supported by early festive season demand. The company’s loan book is projected to grow by around 8 per cent sequentially, while retail spending and overall balance sheet expansion are also expected to show strength.

In the previous quarter (Q1 FY26), SBI Card reported a 6 per cent YoY decline in profit to Rs 556 crore, while total revenue grew 12 per cent YoY to Rs 5,035 crore. Interest income rose 11 per cent YoY to Rs 2,493 crore, and fee income jumped 13 per cent to Rs 2,384 crore. The balance sheet size stood at Rs 66,009 crore as of June 30, 2025, compared to Rs 65,546 crore as of March 31, 2025.

Abhay Shukla is a Senior Sub-Editor at Zee Business, where he covers the stock markets, corporate news, personal finance, technology, and auto sectors.

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