SBI Cards and Payment Services Limited (SBICARD) — Financial Results | 28 January 2025(4 announcements)

SBI Cards reported total revenue of ₹4,766.56 crores for Q3 FY25, up 69.9% YoY, with net profit at ₹383.23 crores, reflecting strong growth in interest and fee income. The company approved unaudited results for the quarter and nine months ended December 31, 2024, following board approval on January 28, 2025.

{ "summary": "SBICARD reported total revenue of ₹4,767 crores, up 1% YoY, while net profit fell 30% to ₹383 crores in Q3 FY25, reflecting margin pressure from rising finance costs and impairment charges.", "extractedFields": { "keyEvent": "SBICARD reports Q3 FY25 revenue of ₹4,767 crores, up 1% YoY, with net profit down 30% to ₹383 crores.", "whatChanged": "Net profit declined 30% YoY to ₹383 crores; finance costs rose 19% to ₹829 crores; gross NPAs increased to 3.24%; CRAR improved to 22.9%.", "forwardGuidance": "null", "investorTakeaway": "Profit decline signals margin pressure despite revenue growth, raising concerns about near-term profitability.", "sentiment": "negative" }

SBI Cards reported total revenue of ₹4,766.56 crores for Q3 FY25, up 69.9% YoY, driven by a 32% surge in net profit to ₹383.23 crores. The company highlighted strong growth in fees and commission income, while maintaining stable asset quality with Gross NPA at 3.24%.

{ "summary": "SBI Cards reported a 69.9% YoY revenue jump to ₹87.22 crores for Q3 FY25, driven by 11.75 lakh new accounts and 7% YoY growth in receivables to ₹37,730 crores. The company crossed 2 crore cards-in-force, with retail spends up 10% YoY and UPI transactions surging 47% QoQ. PAT rose 19% YoY to ₹383 crores despite higher credit costs, while CAR strengthened to 22%+ and COF stabilized at 7.4%.", "extractedFields": { "keyEvent": "SBI Cards Q3 FY25 revenue up 69.9% YoY to ₹87.22 crores", "whatChanged": "Revenue grew 69.9% YoY to ₹87.22 crores; receivables up 11.75 lakh new accounts; cards-in-force crossed 2 crore milestone; PAT up 19% YoY to ₹383 crores; CAR improved to 22%+", "forwardGuidance": "Regulatory capital requirements remain comfortable; no specific future deadlines or growth targets stated", "investorTakeaway": "Strong top-line growth and market share expansion are offset by rising credit costs, requiring close monitoring of profitability sustainability", "sentiment": "positive" }