- SBI Cards’ net income for 4Q exceeded projections, reaching 6.62 billion rupees, an 11% increase year over year. The expected estimate was 5.78 billion rupees.
- The revenue reported for the quarter was 43.5 billion rupees, presenting a 16% increase year over year. This surpassed the estimate of 36.39 billion rupees.
- The company’s gross non-performing assets are at 2.76%.
- Impairment losses on assets increased by 6.9% quarterly, amounting to 9.44 billion rupees.
- Other income was reported at 1.27 billion rupees, marking an 18% decrease year over year.
- Total costs for the quarter went up by 15% year over year, totalling 35.9 billion rupees.
- Regarding the company’s performance, opinions are mixed with 8 buys, 9 holds, and 12 sells.
SBI Cards & Payment Services on Smartkarma
Analysts on Smartkarma have been closely monitoring SBI Cards & Payment Services, among other companies, for potential investment opportunities. Pranav Bhavsar, a well-known analyst on the platform, recently published a research report titled “Fundamental Shorts – SBI Cards | PVR Inox | Escorts Kubota.” In this report, Bhavsar highlights fundamental shorts identified in their coverage universe, including concerns related to SBI Cards & Payment Services. The analysis points to expected elevated credit costs for SBI Cards, indicating a bearish sentiment towards the company’s financial outlook.
A look at SBI Cards & Payment Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
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 reviewing the Smartkarma Smart Scores for SBI Cards & Payment Services indicate a positive long-term outlook for the company. With a strong focus on growth and momentum, scoring 4 and 3 respectively, SBI Cards is positioned well for future expansion in the credit card services sector. This growth potential is complemented by a respectable dividend score of 3, indicating a steady return for investors.
Although the company scores lower in terms of value and resilience, with scores of 2 for both factors, the overall outlook remains optimistic. SBI Cards & Payment Services is a key player in providing credit card services within India, catering to a wide range of customers with its payment products and reward programs, making it a promising investment opportunity for those eyeing the long-term horizon.
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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