SBI Card Q3 profit rises 45% YoY on strong spending
pre-market1 source ↓written by the desknot a recommendation
- for Q3
- ₹556.6 crore
- driven
- 33% surge in total spends
- ₹1.15 lakh crore
- Revenue grew
- 11%
- ₹5,127.3 crore
SBI Cards and Payment Services Ltd reported a net profit increase of 45.3% YoY to ₹556.6 crore for Q3, driven by a 33% surge in total spends to ₹1.15 lakh crore. Revenue grew 11% to ₹5,127.3 crore, while finance costs declined 5% to ₹785 crore. The strong performance reflects improving asset quality and robust consumer spending.
Not investment advice. For informational purposes only.