- The net income for SBI Cards in the first quarter reached 5.56 billion rupees, which is a 6.4% decrease year-over-year and below the estimated 5.81 billion rupees.
- Revenue saw a significant increase of 12% year-over-year, amounting to 48.8 billion rupees.
- Impairment losses on assets were recorded at 13.52 billion rupees, surpassing the estimated figure of 12.51 billion rupees.
- Other income grew substantially by 27% year-over-year, totaling 1.58 billion rupees.
- Overall costs for the company rose by 16% year-over-year, reaching 42.9 billion rupees.
- Analyst recommendations currently stand at 7 buys, 12 holds, and 10 sells.
A look at SBI Cards & Payment Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 2.6 |
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
Analysts at Smartkarma have assessed SBI Cards & Payment Services using the Smart Scores, which rate different aspects of the company. With a varied performance across different factors, the overall outlook for SBI Cards & Payment Services appears mixed. The company received moderate scores for Value, Dividend, Growth, and Resilience, indicating stability in these areas. However, its Momentum score was lower, suggesting a slower pace of growth or market performance compared to its peers.
SBI Cards & Payment Services is a credit card services provider in India, offering payment products including corporate and credit cards with rewards programs. While the company displays strengths in certain areas, analysts emphasize the need for continued monitoring of its momentum to ensure sustained long-term growth and performance.
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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