How did you find the quarterly numbers of SBI Cards for Q3 Dec-21?
Answer
Answer
SBI Cards Ltd reported 19.98% higher revenues for Dec-21 quarter at Rs.2,890 crore. Revenues also improved by 12.16% on a sequential basis. In Q3, SBI Cards witnessed a sharp 15% spike in income from fees and other services, while interest income was higher yoy, albeit marginal. SBI Cards also saw a doubling of other income in the quarter. Here is a quick summary of the numbers of SBI Cards in financials for the third quarter.
SBI Cards Ltd
Rs in Crore
Dec-21
Dec-20
YOY
Sep-21
QOQ
Total Income (Rs cr)
₹ 2,889.46
₹ 2,408.37
19.98%
₹ 2,576.24
12.16%
Net Profit (Rs cr)
₹ 385.78
₹ 209.66
84.00%
₹ 344.90
11.85%
Diluted EPS (Rs)
₹ 4.07
₹ 2.21
₹ 3.63
Net Margins
13.35%
8.71%
13.39%
PAT for Dec-21 quarter was up 84% at Rs.385.78 crore led by higher fee and services income. There were also higher operating margins. On yoy basis, the impairment losses continued to be quite high at Rs.625 crore. Net margins improved from 8.71% in the Dec-20 quarter to 13.35% in the Dec-21 quarter. However, net margins were flat sequentially.