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Reading: SBI Card This autumn Outcomes: Revenue slips 19% to Rs 534 crore on greater impairment
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StockWaves > Financial News > SBI Card This autumn Outcomes: Revenue slips 19% to Rs 534 crore on greater impairment
Financial News

SBI Card This autumn Outcomes: Revenue slips 19% to Rs 534 crore on greater impairment

StockWaves By StockWaves Last updated: April 25, 2025 2 Min Read
SBI Card This autumn Outcomes: Revenue slips 19% to Rs 534 crore on greater impairment
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SBI Card on Thursday reported a 19 per cent decline in revenue to Rs 534 crore within the March quarter, on account of an increase in defaults. Pure-play bank card firm, promoted by SBI, SBI Playing cards and Cost Companies Ltd (SBI Card) had earned a revenue of Rs 662 crore within the fourth quarter of the earlier fiscal.

Nonetheless, complete revenue rose to Rs 4,832 crore in opposition to Rs 4,475 crore within the year-ago interval.

Curiosity revenue too improved to Rs 2,415 crore in This autumn FY25 as in comparison with Rs 2,139 crore in the identical quarter a yr in the past.

Throughout the quarter, the gross non-performing property have been at 3.08 per cent of gross advances in opposition to 2.76 per cent as of March 31, 2024.

Equally, internet non-performing property rose to 1.46 per cent as in comparison with 0.99 per cent on the finish of the fourth quarter of earlier fiscal.

Stay Occasions


In consequence, impairment losses and unhealthy money owed jumped to Rs 1,245 crore from Rs 944 crore a yr in the past. For the total fiscal 2024-25 too, revenue declined by 20 per cent to Rs 1,916 crore in opposition to Rs 2,408 crore within the earlier monetary yr. Complete revenue elevated to Rs 18,637 crore in FY25 from Rs 17,484 crore within the fiscal.

The dimensions of the corporate’s stability sheet as of March 31, 2025, was Rs 65,546 crore in opposition to Rs 58,171 crore a yr in the past.

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