SBI Elite Credit Card. (Source: Official Website)
SBI Cards and Payment Services Ltd.'s first-quarter profit rose, but missed analysts' estimates.
The company's standalone net profit increased 0.2% year-on-year to Rs 594 crore for the quarter-ended June, according to an exchange filing on Friday. Analysts polled by Bloomberg had estimated a net profit of Rs 639 crore.
SBI Card Q1 FY25 Highlights (YoY)
Total income up 10.8% to Rs 4,483 crore.
Net profit up 0.2% to Rs 594 crore versus Rs 593 crore.
(This is a developing story)
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