SBI Cards and Payment Services earnings calls.

SBI Cards delivered a strong Q1 FY27 with PAT of ₹664 croreCurrent reported value: ₹664 crore. No comparable prior figure is available in the source record., up 20% YoYCurrent reported value: 20% YoY. No comparable prior figure is available in the source record., driven by significantly improved credit costs. Revenue grew modestly at 3Current 3 crore vs previous available quarter 13 crore.% YoY to ₹5,205 croreCurrent reported value: ₹5,205 crore. No comparable prior figure is available in the source record. as operating costs increased with business growth. Gross NPA reduced to 2.04%Current reported value: 2.04%. No comparable prior figure is available in the source record. (down 102bps YoY) and net NPA hit a post-COVID low of 0.83%, reflecting stringent underwriting actions taken over two years. Gross credit cost improved by 301bps YoY to 6.5%. Receivables grew 3% YoY to ₹58,269 crore, with management expecting asset growth to accelerate from H2 FY27 due to higher new acquisitions and festive seasonality. The company added a net 4.84 lakh cards (highest industry addition), with spends growing 27% YoYCurrent reported value: 27% YoY. No comparable prior figure is available in the source record. to ₹1.18 lakh croreCurrent ₹1.18 lakh crore. Reported change: +27% YoY.. Market share in spends reached 19.5%Current 19.5%. Reported change: +140bps YoY. versus 18.1% in FY26. NIM remained stable at 10.8%, with ROA at 3.9% and ROE at 16.5%. Key risks include potential margin compression from rising cost of funds and geopolitical uncertainties that could impact asset quality.