Mumbai, Jan. 29 -- While total spends grew by 33% at Rs 1,14,702 crore, receivables grew by 4% to Rs 57,213 crore in Q3 FY26 over Q3 FY25.

Cards-in-force grew by 8% to 2.18 crore as of Q3 FY26 as against 2.02 crore as of Q3 FY25. New accounts volume stood at 864K in Q3 FY26 as compared to 1,175K in Q3 FY25.

Operating expenses rose by 23% to Rs 2,597 crore in the December 2025 quarter from Rs 2,107 crore in the December 2024 quarter.

Accordingly, the company registered an operating profit of Rs 1,971 crore in Q3 FY26, up 8% YoY.

Impairment charge on financial instruments was Rs 1,222 crore in Q3 FY26, lower by declined by 7% as compared with the charge of Rs 1,313 crore recorded in Q3 FY25.

Profit before tax in Q3 FY26 stood at Rs 749...