India's SBI Card misses Q3 profit expectations on higher write-offs
India's SBI Cards and Payment Services reported third-quarter profit below expectations on Tuesday, weighed down by higher write-offs.
SBI Cards Q3 Results: Net profit falls 30% YoY to ₹383.2 crore
SBI Cards and Payment Services Ltd on Tuesday reported an 30% year-on-year surge in its consolidated net profit (attributable to owners of the company) for the fiscal's third quarter ended December (Q3FY25) to ₹ 383.
SBI Card Q3 Results: Profit falls 30% to Rs 383 crore on higher impairment
Results: SBI Cards and Payment Services has reported a 30 per cent fall in net profit to Rs 383 crore for the third quarter ended December 2024 on rising delinquencies.
SBI Card Q3 Results: Net profit drops 30%, NII down 3.5%; NPAs remain flat
SBI Cards' Net interest income (NII) saw a decline of 3.5%, falling to ₹3,790.1 crore from ₹3,926.2 crore a year ago.
SBI Card Q3 profit falls 30% to ₹383 crore on higher impairment
SBI Cards and Payment Services has reported a 30% fall in net profit to ₹383 crore for the third quarter ended December 2024 on rising delinquencies. The pure-play credit card company, promoted by SBI, had posted a net profit of ₹549 crore during the corresponding period of the previous financial year.
SBI Card net profit falls 30% due to payment defaults
Mumbai: SBI Card reported a 30% decline in net profit for the quarter ended December 2024, falling to Rs.383 crore because of higher provisions for bad loans, which surged by 49% to ₹1,313 crore compared to the same period last year.
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