The shares of SBI Cards and Zen Technologies dropped in trade on October 27 after the second quarter earnings for the credit card issuer and defence player failed to meet expectations. SBI Cards shares fell more than 4 percent, while Zen Tech shares plunged nearly 7 percent.

SBI Cards shares were trading at Rs 890.40 apiece, while Zen Tech shares were trading at Rs 1,305 apiece in the early trading hours of Monday.

SBI Cards and Payment Services reported a net profit of Rs 445 crore for the July-September quarter of the financial year 2026. This marked a nearly 10 percent year-on-year increase from the Rs 404 crore net profit reported in the corresponding quarter of the previous financial year.

The firm's revenue from operations meanwhile rose more than 12 percent YoY to Rs 4,961 crore during the quarter under review. It had earlier reported revenue from operations at Rs 4,421 crore during the same period last year.