SBI Cards and Payment Services Ltd - 543066 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Transcript of Earnings Call held on January 24, 2023
Accumulate SBI Cards and Payment Services; target of Rs 935: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on SBI Cards and Payment Services with a target price of Rs 935 in its research report dated January 25, 2023.
Street positive on SBI Cards despite Q3 miss, on strong growth expectations
Analysts believe the company will be able to shift a larger part of the receivable mix towards EMI payments, which should help stabilise NIM
Disappointing Q3 for SBI Cards; not much relief ahead on margin
Margin compression, higher costs and a slight deterioration in the asset quality were some of the pain points. Shares of the company fell by almost 7% since the results were declared. SBI Cards and Payment Services Ltd - 543066 - Announcement Under Regulation 30 (LODR)-Newspaper Publication
Newspaper Publication - Unaudited Financial Results of the Company for the quarter and the nine months ended December 31, 2022 SBI Cards and Payment Services Ltd - 543066 - Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Audio Recording Of The Earnings Call Held On January 24, 2023
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio recording of the Earnings Call Held On January 24, 2023 SBI Card Q3 PAT rises 32% on growth in cards-in-force, total income
The total revenue of the company rose 16 per cent y-o-y to 3,656 crore SBI Cards and Payment Services Ltd - 543066 - Disclosure Under Regulation 30 And 51 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.
Appointment of Mr. Ved Prakash as Executive Vice President & Head- Internal Audit for a period of three years w.e.f. March 1, 2023, furtherance to its letter dated March 23, 2022 Q3FY23 Quarterly Result Announced for SBI Cards and Payment Services Ltd.
SBI Cards and Payment Services announced Q3FY23 result: Q3FY23: Total income at Rs 3,656 crore for Q3FY23 vs Rs 3,140 crore for Q3FY22. This movement was a result of the following key factors: Interest income increased by Rs 336 crore to Rs 1,609 crore for Q3FY23 vs Rs 1,273 crore for Q3FY22 Income from fees and services increased by Rs 213 crore to Rs 1,670 crore for Q3FY23 vs Rs 1,457 crore for Q3FY22 Other income decreased by Rs 101 crore to Rs 149 crore for Q3FY23 vs Rs 250 crore for Q3FY22. Finance costs increased by Rs 187 crore to Rs 464 crore for Q3FY23 from Rs 277 crore for Q3FY22. Total Operating cost increased by 15% at Rs 1,974 crore for Q3FY23 from Rs 1,719 crore for Q3FY22. Earnings before credit costs increased by 6% at Rs 1,217 crore for Q3FY23 vs Rs 1,144 crore for Q3FY22 Impairment losses & bad debts expenses decreased by 15% at Rs 533 crore for Q3FY23 vs Rs 625 crore for Q3FY22. Profit before tax increased by Rs 166 crore or 32% to Rs 684 crore for Q3FY23 vs Rs 519 crore for Q3FY22. Profit after tax increased by Rs 124 crore or 32% to Rs 509 crore for Q3FY23 vs Rs 386 crore for Q3FY22. 9MFY23: Total income increased by Rs 2,087 crore or 25% to Rs 10,372 crore for 9MFY23 vs Rs 8,285 crore for 9MFY22. Finance costs increased by Rs 380 crore or 50% to Rs 1,140 crore for 9MFY23 from Rs 760 crore for 9MFY22. Total Operating cost at Rs 5,472 crore for 9MFY23 from Rs 4,268 crore for 9MFY22, increase is driven by higher business growth. Earnings before credit cost at Rs 3,760 crore for 9MFY23 from Rs 3,258 crore for 9MFY22. Impairment losses & bad debts expenses for the period at Rs 1,529 crore for 9MFY23 vs Rs 1,865 crore for 9MFY22. Profit before tax increased by Rs 838 crore or 60% to Rs 2,231 crore for 9MFY23 vs Rs 1,393 crore for 9MFY22. Profit after tax increased by Rs 627 crore or 61% to Rs 1,662 crore for 9MFY23 vs Rs 1,035 crore for 9MFY22. Balance Sheet as of Q3FY23: Total Balance Sheet size as of December 31, 2022 was Rs 42,987 crore as against Rs 34,648 crore as of March 31, 2022. Total Gross Advances (Credit card receivables) as of December 31, 2022 were Rs 38,626 crore, as against Rs 31,281 crore as of March 31, 2022. Net worth as of December 31, 2022 was Rs 9,530 crore as against Rs 7,824 crore as of March 31, 2022 Result PDF SBI Cards and Payment Services Ltd - 543066 - Announcement under Regulation 30 (LODR)-Investor Presentation
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Copy of Presentation made for Analysts/Investors on Financial Results of the Company for the quarter and the nine months ended December 31 , 2022