SBI Cards Reports 2QFY27 PAT, Up 75% YoY
SBI Cards reported 2QFY27 PAT, up 75% year over year and 17% quarter over quarter. Motilal Oswal cited lower-than-expected provisions; NIM contracted QoQ to 10.8%, while NII rose 3% QoQ.
Motilal Oswal's research report on SBI CardsSBI Cards (SBICARD) reported 2QFY27 PAT of INR7.8b (up 75% YoY/17% QoQ, 9% beat), led by lower-than-expected provisions. NIM contracted 1bp QoQ to 10.8% (vs 10.7% MOFSLe), while NII growth of 3% QoQ was in line with MOFSLe. SBICARD expects NIM to remain b…