SBI Cards Q3 Results: Date, Time, Earnings Call Schedule And More
SBI Cards became the first pure-play credit card company to list on the stock exchanges in India in March 2020.
SBI Cards and Payment Services Ltd. is scheduled to announce its Q3 earnings this week. In an exchange filing on Jan. 21, the company informed the exchanges about a board meeting to discuss and approve the financial statements for the third quarter of the ongoing fiscal.
SBI Cards is a leading credit card issuer in India, providing a range of credit cards with different benefits and features tailored to various customer needs. The company was incorporated as a joint venture between the State Bank of India and GE Capital in 1998.
State Bank of India and The Carlyle Group acquired GE Capital's stake in SBI Card in December 2017. The company changed its legal name to SBI Cards and Payments Services Limited in August 2019.
SBI Cards became the first pure-play credit card company to list on the stock exchanges in India in March 2020. Here's all you need to know about SBI Cards Q3 results.
SBI Cards Q3 Results: Date And Time
SBI Cards in a filing dated Jan. 21 informed the bourses about the announcement of its Q3 results.
"A meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, January 28, 2025, inter alia, to consider and approve unaudited Financial Results of the Company for the quarter and the nine months ended December 31, 2024," the notification read.
The trading window for dealing in the securities of the company by designated people and their immediate family members shall remain closed from Jan. 1 to 48 hours after the Q3 results are announced.
SBI Cards will also host a conference call to discuss the Q3 results with analysts and investors at 6 p.m. on Jan. 28.
SBI Cards Q3 Results: Share Price History
Shares of SBI Cards and Payment Services have gained nearly 1% over the past five trading sessions and 12% over a month. Over the last six months, the stock has risen 7%. In the past year, it has moved up by 6%.
As of 9:23 a.m. on Monday, SBI Cards shares were trading flat at Rs 758.30 apiece on the NSE, while the benchmark NSE Nifty 50 was down 0.61%.
SBI Cards Q2 Results
An arm of India's largest lender State Bank Of India, SBI Cards and Payment Services Ltd. posted a 33% year-on-year decline in its net profit to Rs 404 crore in Q2 versus Rs 603 crore in the corresponding quarter of the previous fiscal. The drop in net profit was despite a 20% YoY rise in the interest income at Rs 2,290 crore in the period under review against Rs 1902 crore in Q2 of the last fiscal year.
