SBI Card's net rises three-fold to Rs 581 cr, income up 22% to Rs 3,016 cr
The pure-play credit card issuer had reported a net profit of Rs 175.42 crore in the same quarter of the previous fiscal year29-04-2022
29-04-2022
SBI Cards and Payment Services Ltd - 543066 - Disclosure Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
Disclosure under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201529-04-2022
SBI Cards and Payment Services Ltd - 543066 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company SBI Cards and Payment Services Ltd 2 CIN NO. L65999DL1998PLC093849 3 Report filed for FY 2021-2022 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* FY 2022 and FY 2023 5 Incremental borrowing done in FY (T)(a) 3105.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 776.25 7 Actual borrowing done through debt securities in FY (T)(c) 2605.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) Nil 8Quantum of (d), which has been met from (c)(e)* Nil 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* Nil Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)FY 2021 and FY 2022 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-Payal Mittal ChhabraDesignation :-Company Secretary and Compliance Officer Name of the Chief Financial Officer :- Nalin Negi Designation : -Chief Financial...29-04-2022
SBI Cards and Payment Services Ltd - 543066 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompaySBI Cards and Payment Services Ltd 2CINL65999DL1998PLC093849 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 22982.46 4Highest Credit Rating during the previous FY AAA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. YES Name of the Company Secretary: Payal Mittal Chhabra Designation: Company Secretary and Compliance Officer EmailId: [email protected] Name of the Chief Financial Officer: Nalin Negi Designation: Chief Financial Officer EmailId: [email protected] Date: 29/04/2022 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.29-04-2022
Q4FY22 Quarterly Result Announced for SBI Cards and Payment Services Ltd.
SBI Cards and Payment Services Finance (including NBFCs) declares Q4FY22 result: SBI Card Q4 FY22 PAT Grows 231% to Rs 581 Cr Vs Rs175 Cr for Q4 FY21 Performance Highlights Q4 FY22: Total Revenue increases 22% YoY to Rs 3,016 Cr Profit after tax increases 231% YoY to Rs 581 Cr ROAA at 7.0% for Q4 FY22 vs. 2.6% for Q4 FY21 ROAE at 30.4% for Q4 FY22 vs. 11.2% for Q4 FY21 Capital Adequacy Ratio at 23.8%; Tier 1 at 21.0% Key Metrics New accounts volume at 1,002k for Q4 FY22 up by 27% as compared to 791k for Q4 FY21. Card-in-force grew by 16% to 1.38 Cr as of Q4 FY22 vs 1.18 Cr as of Q4 FY21. Total spends grew by 51% to Rs 54,134 Cr in Q4 FY22 vs Rs 35,943 Cr in Q4 FY21. Market share FY22 (till Feb’22) – Card-in-force at 18.9% (FY21: 19.1%); Spends at 19.2% (FY21: 19.4%); Transactions at 19.8% (FY21: 19.7%). Receivables grew by 25% to Rs 31,281 Cr as of Q4 FY22 vs Rs 25,114 Cr as of Q4 FY21. GNPA at 2.22% as of Q4 FY22 vs 4.99% as of Q4 FY21; NNPA at 0.78% as of Q4 FY22 vs 1.15% as of Q4 FY21. RBI RE at Rs 287 Cr; less than 1 % of receivables in Q4 FY22. Profit & Loss Account for the Quarter ended March 31, 2022 Total revenue increased by Rs 548 Cr, or 22% to Rs 3,016 Cr for Q4 FY22 vs Rs 2,468 Cr for Q4 FY21, increase is primarily due to higher Income from fees & services and interest income in Q4 FY22. Finance costs increased by Rs 24 Cr, or 10% to Rs 267 Cr for Q4 FY22 from Rs 244 Cr for Q4 FY21. Total Operating cost increased by Rs 291 Cr, or 23% to Rs 1,577 Cr for Q4 FY22 from Rs 1,285 Cr for Q4 FY21, increase is due to higher business volumes in Q4 FY22. Earnings before credit costs increased by Rs 233 Cr, or 25% to Rs 1,172 Cr for Q4 FY22 vs Rs 939 Cr for Q4 FY21. Total Management overlay provision at Rs 51 Cr as of Mar’22. Impairment losses & bad debts expenses decreased by Rs 312 Cr or 44% to Rs 393 for Q4 FY22 vs Rs 705 Cr for Q4 FY21. Profit before tax increased by Rs 545 Cr, or 232% to Rs 779 Cr for Q4 FY22 vs Rs 234 Cr for Q4 FY21 Profit after tax increased by Rs 405 Cr, or 231% to Rs 581 Cr for Q4 FY22 vs Rs 175 Cr for Q4 FY21 Result PDF29-04-2022
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 Release29-04-2022
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 Results29-04-2022
SBI Cards and Payment Services Ltd - 543066 - Board Meeting Outcome for Outcome Of Board Meeting Held On April 29, 2022
Outcome of Board Meeting held on April 29, 202229-04-2022
SBI Cards and Payment Services Ltd - 543066 - Audited Financial Results For The Quarter And The Year Ended 31.3.2022
Audited Financial Results for the Quarter and the Year ended 31.3.202229-04-2022