Accumulate SBI Cards and Payment Services; target of Rs 1013: Prabhudas Lilladher
Prabhudas Lilladher recommended accumulate rating on SBI Cards and Payment Services with a target price of Rs 1013 in its research report dated October 28, 2022.
Results Earnings Call for Q2FY23 of SBI Cards and Payment Services
Conference Call with SBI Cards and Payment Services Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Q2FY23 Quarterly Result Announced for SBI Cards and Payment Services Ltd.
Finance company SBI Cards and Payment Services announced Q2FY23 results: Profit & Loss Account for Q2FY23: Total income at Rs 3,453 crore for Q2 FY23 vs Rs 2,696 crore for Q2 FY22. This movement was a result of the following key factors: Interest income increased by Rs 311 crore to Rs 1,484 crore for Q2 FY23 vs Rs 1,173 crore for Q2 FY22 Income from fees and services increased by Rs 367 crore to Rs 1,611 crore for Q2 FY23 vs Rs 1,244 crore for Q2 FY22 Other income increased by Rs 37 crore to Rs 156 crore for Q2 FY23 vs Rs 119 crore for Q2 FY22. Finance costs increased by Rs 114 crore to Rs 368 crore for Q2 FY23 from Rs 254 crore for Q2FY22. Total Operating cost increased by 33% at Rs 1,834 crore for Q2 FY23 from Rs 1,383 crore for Q2FY22. Earnings before credit costs increased by 18% at Rs 1,252 crore for Q2FY23 vs Rs 1,058 crore for Q2FY22 Impairment losses & bad debts expenses decreased by 8% at Rs 546 crore for Q2FY23 vs Rs 594 crore for Q2FY22 Profit before tax increased by Rs 242 crore or 52% to Rs 706 crore for Q2FY23 vs Rs 464 crore for Q2FY22. Profit after tax increased by Rs 181 crore or 52% to Rs 526 crore for Q2FY23 vs Rs 345 crore for Q2FY22. Profit & Loss Account for H1FY23: Total revenue increased by Rs 1,570 crore or 31% to Rs 6,716 crore for H1FY23 vs Rs.5,146 crore for H1FY22. Finance costs increased by Rs 193 crore or 40% to Rs 676 crore for H1FY23 from Rs 483 crore for H1FY22. Total Operating cost at Rs 3,497 crore for H1FY23 from Rs 2,550 crore for H1FY22. The increase is primarily due to higher business volumes. Earnings before credit cost Rs 2,543 crore for H1FY23 from Rs 2,114 crore for H1FY22. Impairment losses & bad debts expense for the period at Rs 996 crore for H1FY23 vs Rs.1,239 crore for H1FY22. Resultant Profit Before Tax at Rs 1,547 crore for H1FY23 vs Rs 874 crore for H1FY22. Profit After Tax increased by Rs 503 crore or 77% to Rs 1,153 crore for H1 FY23 vs Rs 650 crore for H1FY22. Balance Sheet as of Q2FY23: Total Balance Sheet size as of September 30, 2022, was Rs 41,581 crore as against Rs 34,648 crore as of March 31, 2022. Total Gross Advances (credit card receivables) as of September 30, 2022, was Rs 37,730 crore as against Rs 31,281 crore as of March 31, 2022. Net worth as of September 30, 2022, was Rs 8,991 crore as against Rs 7,824 crore as of March 31, 2022. Result PDF 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 October 27, 2022
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Audio recording of the Earnings Call Held On October 27, 2022 SBI Cards and Payment Services Ltd - 543066 - Disclosure Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 For The Half Year Ended September 30, 2022
Disclosure under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for the half year ended September 30, 2022 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 SBI Cards and Payment Services Ltd - 543066 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Press Release on Financial Results of the Company for the quarter and the half year ended September 30, 2022 SBI Cards and Payment Services Ltd - 543066 - Unaudited Financial Results For The Quarter And The Half Year Ended September 30, 2022
Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we enclose herewith: i. unaudited Financial Results for the Quarter and the half year ended September 30, 2022 along with the Disclosures in accordance with Regulations 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ii. Limited review report of the Statutory Auditors on the Financial Results of the Company for the Quarter and the half year ended September 30, 2022, issued by the Statutory Auditors M/s Ambani & Associates LLP, Chartered Accountants and M/s Mahesh C Solanki & Co., Chartered Accountants as required under Regulation 33 and Regulation 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. SBI Cards and Payment Services Ltd - 543066 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Allotment of 1716845 Equity shares pursuant to exercise of Employee stock Options under the SBI Card - Employee Stock Option Plan 2019 (ESOP Scheme 2019). SBI Cards and Payment Services Ltd - 543066 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of the Earnings Call with analysts/investors under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015