SBI Cards shares rise over 4% after FY26 Q1 results as CLSA upgrades to ‘Outperform’ with ₹730 target
AI Market Summary
SBI Cards posted a 19.5% YoY profit rise, driven by sharply lower provisions as asset quality improved (gross NPA 2.04%, net NPA 0.83%). Broker reactions were mixed: CLSA upgraded on better credit costs and improving acquisitions, while others flagged muted receivables growth and margin pressure. The stock's sharp one-day gain contrasts with a steep YTD decline, signaling idiosyncratic equity impact rather than broad macro spillover.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.47%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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SBI Cards reported FY26 Q1 results with net profit up 19.5% year on year to ₹664.4 crore, helped by lower credit costs. Asset quality improved, with gross NPA falling to 2.04% and net NPA to 0.83%. Several brokerages raised ratings and price targets, including CLSA upgrading the stock to ‘Outperform’ with a ₹730 target. The shares rose more than 4% on the day, though the stock is down over 25% so far in 2026.
