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via economictimes.indiatimes.comBusiness & Companies

SBI Cards Q2 profit jumps 75% to Rs 778 crore

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

SBI Cards reported a 75% year-on-year profit increase to Rs 778 crore in Q2 FY27, driven by lower credit costs and improved asset quality. However, corporate card spending declined, receivables contracted, and net interest margins narrowed.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralQuarterly results with mixed signals: lower credit costs but pressure on spending and margins.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Profit rose 75% year on year in Q2 FY27.
  2. 02Lower credit costs and better asset quality supported the result.
  3. 03Corporate card spending declined and receivables contracted.

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