SBI Cards & Payment Services Ltd Q1FY24; 5% fall in Profits

SBI Cards and Payment Services Limited is a non-deposit accepting systemically important nonbanking financial company registered with the RBI. The Company is engaged in issuing credit cards to consumers in India. It is headquartered in Gurgaon, Haryana. It is a subsidiary of India’s largest commercial bank, the State Bank of India.

Financial Results:

SBI Cards & Payment Services Ltd reported Revenues for Q1FY24 of ₹3,912.00 Crores up from ₹3,100.00 Crore year on year, a rise of 26.19%.

Total Expenses for Q1FY24 of ₹3,250.00 Crores up from ₹2,421.00 Crores year on year, a rise of 34.24%.

Consolidated Net Profit of ₹593.00 Crores down 5.42% from ₹627.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.27, down 5.71% from ₹6.65 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.