'SBI Cards and Payment
Services has posted 45% jump in net profit at Rs 556.44 crore in the quarter
ended December 2025 (Q3FY2026), The income from operations increased 11% to Rs
5127.26 crore for Q3FY2026, while other income of the company jumped 53% to Rs
226.16 crore. The total income increased 12% to Rs 5353.42 crore for Q3FY2026.
Interest expenses declined
5% to Rs 785.07 crore. Operating expenses moved up 25% to Rs 2563.20 crore,
allowing the operating profits to improve 7% at Rs 2005.15 crore. The
cost-to-income ratio jumped to 56.1% in Q3FY2026 from 52.3% in Q3FY2025.
Depreciation declined 31% to Rs 33.88 crore, while provisions fell 7% to Rs
1222.16 crore.
Profit before tax surged
45% yoy basis at Rs 749.11 crore. Effective tax rate eased to 25.7% in Q3FY2026
from 26.0% in Q3FY2025. Net Profit of the company, after share in profit of
associates and non-controlling interest, improved 45% to Rs 556.64 crore for
Q3FY2025.
Business highlig...
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