SBI Cards and Payment Services reported its financial results for the second quarter of FY25, revealing both year-over-year (YoY) and quarter-over-quarter (QoQ) shifts in revenue and net profit.
- Total Revenue from Operations stood at ₹4,421.04 crore, showing a YoY increase of 8.2% from ₹4,087.35 crore in Q2 FY24, and a QoQ increase of 1.4% from ₹4,358.64 crore in Q1 FY25.
- Profit After Tax (PAT) was recorded at ₹404.42 crore, reflecting a YoY decline of 32.9% from ₹602.98 crore in Q2 FY24 and a QoQ decline of 31.9% from ₹594.45 crore in Q1 FY25.
The significant decline in net profit YoY highlights challenges in managing profitability, despite the steady increase in operational revenue.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
TOPICS:
SBI Cards and Payment Services