- SBI Cards reported a net income of 5.34 billion rupees for the fourth quarter, beating estimates of 5.11 billion rupees, but showing a decline of 19% year-over-year.
- The company’s revenue increased by 7.4% year-over-year, reaching 46.7 billion rupees.
- Impairment losses on assets decreased by 4.6% quarter-over-quarter, totaling 12.5 billion rupees but slightly above estimates of 12.18 billion rupees.
- Other income saw a significant rise of 24% year-over-year, amounting to 1.58 billion rupees.
- Total costs for the company increased by 14% year-over-year, amounting to 41.1 billion rupees.
- Analyst recommendations include 11 buy ratings, 10 hold ratings, and 7 sell ratings for SBI Cards.
A look at SBI Cards & Payment Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
According to Smartkarma Smart Scores, SBI Cards & Payment Services is showing a promising long-term outlook. With a strong momentum score of 5, the company is experiencing positive trends that indicate potential future growth. This is further supported by a growth score of 4, suggesting that the company is positioned well to expand its market presence and increase its customer base. In terms of resilience, SBI Cards & Payment Services scored a 3, indicating a steady performance even in challenging market conditions.
While the scores for value and dividend stand at 2 each, indicating room for improvement in these areas, the overall outlook for SBI Cards & Payment Services appears positive. As a provider of credit card services with a focus on incentive and rewards programs, the company caters to the needs of customers in India. With a solid foundation and promising growth prospects, SBI Cards & Payment Services seems poised for continued success in the payment services industry.
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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