SBI Cards Q4 Results: Profit Dips, Net NPA Widens
The company announced a dividend of Rs 2.5 per share.
SBI Cards and Payment Services Ltd.'s standalone net profit fell 19% during the quarter ended March 31, meeting analysts' estimates, according to an exchange filing on Thursday.
The company's profit slipped to Rs 534 crore during the January-March period of fiscal 2025. That compares with a consensus estimate of Rs 511.1 crore pf analysts polled by Bloomberg. In the year-ago period, the company posted a net profit of Rs 662 crore.
The gross non-performing-asset ratio stood at 3.08%, marking an improvement as compared to 3.24% in the preceding December quarter. However, the net NPA ratio widened to 1.46% from 1.18% in the previous quarter.
The company reported total expected credit loss on loan balances of approximately Rs 1,905.7 crore for the quarter, an increase from Rs 1,766.6 crore as of March 31, 2024.
SBI Cards Q4 Highlights (Standalone, YoY)
Net profit down 19% to Rs 534 crore versus Rs 662 crore.
Total income up 8% to Rs 4,832 crore versus Rs 4,475 crore.
Dividend
The board of SBI Cards has announced an interim dividend of Rs 2.5 per share at a face value of Rs 10 each for the financial year 2024-25.
Shares of SBI Cards closed 1.16% higher at Rs 926.55 apiece on the NSE, compared to a 0.34% fall in the benchmark Nifty. The stock has risen 23.63% in the last 12 months and 39.57% on a year-to-date basis.
Out of 28 analysts tracking the company, 11 have 'buy' rating on the stock, 10 recommends 'hold' and seven suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 13.1%.
