SBI Cards & Payment Services standalone net profit rises 231.13% in the March 2022 quarter

Sales rise 22.91% to Rs 2850.31 crore

Net profit of SBI Cards & Payment Services rose 231.13% to Rs 580.86 crore in the quarter ended March 2022 as against Rs 175.42 crore during the previous quarter ended March 2021. Sales rose 22.91% to Rs 2850.31 crore in the quarter ended March 2022 as against Rs 2319.01 crore during the previous quarter ended March 2021.

For the full year,net profit rose 64.16% to Rs 1616.14 crore in the year ended March 2022 as against Rs 984.52 crore during the previous year ended March 2021. Sales rose 14.85% to Rs 10677.27 crore in the year ended March 2022 as against Rs 9296.46 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales2850.312319.01 23 10677.279296.46 15 OPM %32.2815.65 -25.5122.30 - PBDT818.40268.51 205 2320.721446.99 60 PBT779.22234.40 232 2172.161323.73 64 NP580.86175.42 231 1616.14984.52 64

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