'SBI Cards and Payment Services has posted 19% decline in net profit at Rs 534.18 crore in
the quarter ended March 2025 (Q4FY2025). The income from operations increased 8% to Rs 4673.95
crore for Q4FY2025, while other income of the company jumped 24% to Rs 157.79 crore.
The total income increased 8% to Rs 4831.74 crore for Q4FY2025. Interest
expenses increased 10% to Rs 795.26 crore.
Operating expenses
increased 11% to Rs 2074.52 crore, allowing the operating profits to improve 4%
at Rs 1961.96 crore. The cost-to-income ratio rose to 51.4% in Q4FY2025 from 49.8%
in Q4FY2024. Depreciation was reversed amounting to Rs 1.69 crore, while
provisions increased 32% to Rs 1245.12 crore.
Profit before tax declined
19% yoy basis at Rs 718.53 crore. Effective tax rate increased to 25.7% in
Q4FY2025 from 25.4% in Q4FY2024. Net Profit of the company, after share in
profit of associates and non-controlling interest, fell 19% to Rs 534.18 crore
for Q4FY2024. <...
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