
- SBI Cards reported a net income of 3.83 billion rupees for the third quarter, which is a 30% decrease compared to the same period last year.
- The reported net income missed the analyst estimate of 4.35 billion rupees.
- Revenue remained steady at 46.2 billion rupees, the same as the previous year.
- Impairment losses on assets increased by 8.3% quarter-over-quarter to 13.1 billion rupees, surpassing the estimate of 12.2 billion rupees.
- Other income rose by 23% year-over-year, reaching 1.48 billion rupees.
- Total costs increased by 6.3% year-over-year to 42.5 billion rupees.
- The company’s stock has 7 buy ratings, 10 hold ratings, and 10 sell ratings from analysts.
A look at SBI Cards & Payment Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, SBI Cards & Payment Services is positioned for long-term growth and momentum. With a strong score in both Growth and Momentum categories, the company shows promise in expanding its business and maintaining its upward trajectory. The company’s focus on value and dividends, indicated by respectable scores in these areas, further solidifies its position in the market. However, SBI Cards & Payment Services may face challenges in terms of resilience, as reflected in its score in this category.
SBI Cards & Payment Services, a provider of credit card services in India, is highlighted by Smartkarma Smart Scores as a company with potential for growth and positive momentum. Offering a range of payment products, including corporate and credit cards with incentive and rewards programs, the company caters to customers in the Indian market. With an overall favorable outlook based on the Smart Scores, SBI Cards & Payment Services positions itself as a key player in the credit card services industry with opportunities for expansion and development.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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