SBI Cards Q1 FY27 profit rises 19.5% as card spends jump 27%
SBI Cards reported Q1 FY27 net profit of ₹664.4 crore, aided by a 30% decline in provisions. Card spends reached ₹1.18 lakh crore, while its spend market share rose to 19.5% from 16.6% a year earlier.
SBI Cards reported a 19.5% rise in Q1 FY27 profit to ₹664.4 crore as provisions fell 30%. Card spends grew 27% to ₹1.18 lakh crore, cards-in-force reached 2.26 crore, and spend market share rose to 19.5%.
Why this matters
Ahead of the release, Retailopedia flagged SBI Cards’ Q1 FY27 results due July 24, with spending and credit costs in focus. The reported spend growth and lower provisions address both watchpoints.
Retail-company is accelerating, up 1,090,600% QoQ.
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