SBI Cards and Payment Services Ltd has been in focus on Friday. On February 14, 2025, SBI Card share price opened at ₹861.00, up from its previous close of ₹859.85. At 10:54 AM, the share price of SBI Card was trading at ₹861.90, up by 0.24% on the NSE. Notably, the stock price hit its 52-week high at ₹872.00, today.
Recently, on February 12, 2025, the company announced that its Board of Directors of the Company is scheduled to meet on Monday, February 17, 2025, to consider, among other matters, the declaration and payment of an interim dividend on the company’s equity shares for the financial year 2024-25.
If declared, the interim dividend will be paid to equity shareholders whose names appear in the Company’s Register of Members or as beneficial owners in the records of the Depositories as of Tuesday, February 25, 2025, which has been fixed as the Record Date for this purpose.
In Q3 FY25, total revenue increased by 1% YoY to ₹4,767 crore, compared to ₹4,742 crore in Q3 FY24. However, PAT declined by 30% YoY, standing at ₹383 crore in Q3 FY25 versus ₹549 crore in Q3 FY24.
The Return on Average Assets (ROAA) fell to 2.4% from 4.0%, while the Return on Average Equity (ROAE) dropped to 11.5% from 19.3% in the same period last year. The company maintained a Capital Adequacy Ratio of 22.9%, with Tier 1 Capital at 17.0%.
On the business front, new account volumes grew by 7% YoY, reaching 1,175K in Q3 FY25 compared to 1,096K in Q3 FY24. Additionally, cards-in-force increased by 10% YoY, reaching 2.02 crore as of Q3 FY25, up from 1.85 crore in Q3 FY24.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 14, 2025, 11:22 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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