SBI Card Q1 Result: Massive jump in net profit, NPAs decline; stock jumps 4%
The SBI-promoted card issuance company had reported a net profit of Rs 305 crore in the April-June quarter of the previous fiscal (2021-22). Its total income during the quarter rose to Rs 3,263 crore against Rs 2,451 crore a year ago, SBI Cards said in a regulatory filing.
On the asset quality front, the company's gross non-performing assets declined to 2.24 percent of gross advances as of June 30, 2022, against 3.91 percent as of June 30, 2021. Pic: twitter.com/SBICard_Connect